Altius Minerals Corp. announced that its wholly‑owned subsidiary, Altius Royalty Corp., received a $25 million contingent payment—after withholding taxes—from a Franco‑Nevada subsidiary for the sale of a one‑third interest in the Arthur Gold Project royalty. The payment was received on November 24, 2025, the same day the company disclosed the transaction.
The contingent payment is linked to a July 2025 sale in which Franco‑Nevada acquired a 1 % net‑smoothed royalty (NSR) on the Arthur Gold Project from Altius for $250 million. The deal includes a potential $25 million contingent payment that is triggered by the royalty’s performance, and the payment received today confirms that the royalty has met the agreed performance threshold. The transaction represents a significant cash inflow for Altius Royalty and a key milestone in Franco‑Nevada’s strategy of building a diversified royalty portfolio in the United States.
Franco‑Nevada’s Q3 2025 earnings, released the same week, showed record revenue of $487.7 million—up 77 % year‑over‑year—and adjusted EBITDA of $427.3 million, up 81 % year‑over‑year. Earnings per share of $1.43 beat analyst expectations of $1.37, a $0.06 or 4.4 % beat, driven largely by the strong performance of the Arthur Gold Project royalty and the additional contingent payment. The payment therefore not only boosts Franco‑Nevada’s cash position but also reinforces the earnings growth that underpinned the Q3 results.
Management highlighted the strategic importance of the Arthur Gold Project, describing it as one of the most significant greenfield gold discoveries in the United States in over a decade. CEO Paul Brink emphasized Franco‑Nevada’s debt‑free status and strong cash flow, noting that the contingent payment “adds to our portfolio’s resilience and provides additional upside potential as the project moves toward production.” Altius CEO Brian Dalton added that retaining a third royalty interest “provides shareholders with continued growth exposure to the emerging U.S. gold district.”
The contingent payment underscores Franco‑Nevada’s focus on acquiring high‑quality royalty assets with strong upside potential. By securing the payment, the company strengthens its cash flow and positions itself to capitalize on the Arthur Gold Project’s future production, aligning with its broader strategy of building a diversified, high‑margin royalty portfolio in the U.S. mining sector.
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