Scotiabank raises Altius Minerals target to C$58

0 min read | Published on 15 Jun 2026, 09:28 PM |Updated on 15 Jun 2026, 09:28 PM

Reviewed by

Radhika SScanX News Team

Key Highlights

Scotiabank analyst Orest Wowkodaw maintained a Sector Perform rating on Altius Minerals and raised the price target to C$58 from C$57.

*this image is generated using AI for illustrative purposes only.

Scotiabank analyst Orest Wowkodaw has maintained a Sector Perform rating on Altius Minerals while adjusting the stock's price target upward. The new target is set at C$58, an increase from the previous target of C$57.

Rating and Price Action

The decision reflects a revised valuation outlook for the company. The rating remains unchanged at Sector Perform, indicating a neutral stance on the stock's performance relative to the broader sector.

Metric	Value
Rating	Sector Perform
Previous Price Target	C$57
New Price Target	C$58

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

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Altius closes US$73 million royalty in Coles Wind project

1 min read | Published on 15 Jun 2026, 06:02 PM |Updated on 15 Jun 2026, 06:02 PM

Reviewed by

Naman SScanX News Team

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Key Highlights

Altius Minerals Corporation, through Great Bay Royalties, has closed an approximately US$73 million royalty investment in the 311 MW Coles Wind project in Illinois, developed by Apex Clean Energy. The investment, funded by GBR cash and contributions from Altius Renewable Royalties Corporation and Apollo, is GBR's largest single asset royalty acquisition to date.

*this image is generated using AI for illustrative purposes only.

Altius Minerals Corporation announced that Great Bay Royalties has closed an approximately US$73 million royalty investment with Apex Clean Energy for the 311 MW Coles Wind project in Illinois. Construction of the project began in January 2026 with an expected Commercial Operations Date in H2 2027. The investment represents Great Bay Royalties' largest single asset royalty acquisition to date, diversifying its portfolio of 14 operating royalties.

Brian Dalton, CEO of Altius, highlighted the strong 20-year Power Purchase Agreement (PPA) anchoring the project, noting it reflects the unprecedented demand for new, near-term deployable electricity sources. The royalty structure features higher rates during the initial 10 years to meet base return objectives, stepping down to a lower perpetual gross revenue rate to minimize disincentives for future life extension or production enhancements.

The investment was funded through a combination of GBR cash on hand and new capital contributions from Altius Renewable Royalties Corporation and Apollo. Altius provided approximately US$12.4 million (C$17 million) to ARR to support its share of the GBR capital call contribution. GBR is owned by a joint venture between ARR and funds managed by Apollo Global Management, with an effective 29% interest attributable to Altius.

Key Investment Details

Detail	Information
Project	Coles Wind
Location	Illinois
Capacity	311 MW
Investment Amount	~US$73 million
Developer	Apex Clean Energy
Construction Start	January 2026
Expected COD	H2 2027
PPA Term	20 years