Altius Renewable Royalties: A New Era with Northampton

Altius Renewable Royalties Corp. (ARR) recently received a significant boost with the final court order approving its plan of arrangement with Northampton, an alternative asset management firm focusing on infrastructure investments. This approval marks a new chapter for ARR, with Northampton acquiring the public float of the company for C$12.00 per share, representing a 28% premium to the unaffected market price.

The arrangement, which requires the approval of 66.67% of the votes cast by ARR shareholders, offers minority shareholders a compelling value proposition. The C$12.00 per share consideration provides a 29% premium to the 20-day volume-weighted average price (VWAP) on the TSX, ensuring certainty of value and immediate liquidity. Moreover, the arrangement is supported by strong voting agreements from significant shareholders, directors, and officers of ARR, representing approximately 81% of the ARR shares.

The approval of the plan of arrangement paves the way for ARR to maintain its strategic partnership with Altius Minerals, which indirectly holds 57% of the issued and outstanding ARR shares post-transaction. Northampton, with its 43% stake, brings valuable expertise and resources to the table, enabling ARR to further grow and develop its renewable energy portfolio.

ARR's portfolio includes 35 renewable energy royalties representing approximately 2.9 GW of renewable power on operating projects and an additional 5.3 GW on projects in construction and development phases. The company also expects future royalties from Great Bay's investments in Bluestar Energy Capital, Hodson Energy, and Hexagon Energy, which increase the total project pipeline to approximately 18.6 GW.

Northampton's investment in ARR aligns with its focus on energy infrastructure, granting it a strategic position in the renewable energy market. By leveraging ARR's portfolio of renewable energy royalties, Northampton can contribute to the support and resources required for ARR to reach its full potential.

The final court order approving the plan of arrangement is a significant milestone for ARR and Northampton, marking the beginning of a long-term partnership. Both parties can now look forward to collaborating and driving growth in the renewable energy sector.



In conclusion, the approval of the plan of arrangement between ARR and Northampton brings a new era of growth and collaboration to the renewable energy sector. With a compelling value proposition for minority shareholders and strategic alignment between ARR and Northampton, the future looks bright for these two companies. As they work together to drive growth and innovation in the renewable energy sector, they will play a crucial role in enabling the global energy transition.