Summary：**Altius Shocks Market with Record Q2 2026 Revenue Surge** *All figures in thousands of Canadian do

**Altius Shocks Market with Record Q2 2026 Revenue Surge**
*All figures in thousands of Canadian dollars unless otherwise noted*

**Introduction**
St. John’s, Newfoundland and Labrador – Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) announced on Wednesday that its second‑quarter 2026 results are poised to deliver a historic revenue jump, catching analysts and investors off guard. The company, a leading generator of mining royalties and equity interests, said preliminary figures indicate a surge that could redefine its growth trajectory for the remainder of the year.

**Key Developments**
Altius expects Q2 2026 revenue to reach approximately **C$ 210 million**, a 38 % increase over the same period in 2025 and well above the consensus forecast of C$ 165 million. The jump is driven by three primary factors:

1. **Higher commodity prices** – Iron ore and copper prices have risen 12 % and 9 % respectively, boosting royalty streams from its portfolio of Canadian and Australian assets.
2. **New royalty acquisitions** – The recent purchase of a 2 % net smelter return on the Kambalda nickel project added an estimated C$ 18 million to quarterly inflow.
3. **Operational efficiencies** – Streamlined reporting and reduced administrative costs lifted the EBITDA margin to 27 %, up from 22 % a year earlier.

Per‑share earnings are projected at C$ 1.42, up from C$ 0.96 in Q2 2025, prompting an immediate uptick in ALS shares, which traded 4.3 % higher in after‑hours trading.

**Industry Analysis**
The mining royalty sector