Increased Net Earnings
Net earnings of $8.3 million or $0.18 per share in Q2 2024, compared to $3.3 million or $0.06 per share in Q2 2023, reflecting higher revenues and tax recoveries.
Renewable Energy Growth
ARR's revenue growth accelerated with projects like the 195-megawatt Angelo Solar and the upcoming 300-megawatt El Sauz wind project. GBR also closed significant deals, including a $30 million financing for Nokomis Energy and a $40 million bridge loan for Nova Clean Energy.
Strong Iron Ore Dividends
IOC showed improved operational stability, leading to a strong quarterly dividend declaration from LIORC, which Altius is a significant shareholder of.
Significant Progress in Base and Battery Metals
Advancements in the Eastern Deeps nickel copper cobalt mine and the El Domo-Curipamba project, which received construction approval from Ecuador's government.