Royalty companies are a great way to gain diversified exposure to select commodities at a fraction of the risks associated with miners, typically including heavy capital expenditures, high operating costs, and low profit margin.
I have previously examined royalty companies Maverix Metals Inc. (MMX) (see here), Franco-Nevada Corporation (FNV) (see here), Nomad Royalty Company (GVXNF), and Coral Gold Resources Ltd. (CLHRF) (see here). In this article, I intend to introduce a unique royalty company, i.e., Altius Minerals Corporation (ALS.TSX) (ATUSF).
Business strategy
Altius was founded in 1997 as a project generator and