Altius Minerals Corporation Increases its Ownership Interest in Great Bay Renewables in Partnership with Northampton Capital Partners

On July 10, 2026, Altius Minerals Corporation ("Altius") announced that it had signed a share purchase agreement with Northampton Capital Partners ("Northampton") and certain funds managed by affiliates of Apollo (the "Apollo Funds").

Under the transaction, which closed on July 30, 2026, Northampton acquired membership interests in Great Bay Renewables Holdings, LLC and Great Bay Renewables Holdings II, LLC (collectively, “GBR”), from the Apollo Funds for approximately US$390 million. Concurrently, Altius acquired Northampton's minority interest in Altius Renewable Royalties Corp., through which Northampton indirectly held its interest in GBR, for US$168 million. Following completion of the tripartite transaction, Altius and Northampton each hold a 50% effective interest in GBR, which will continue to operate as a joint venture between the parties.

Headquartered in St. John's, Newfoundland and Labrador, Altius is a mineral royalty company that acquires and manages royalties on mining and renewable energy projects.

McCarthy Tétrault LLP advised Altius with a team led by Eva Bellissimo that included Samantha Pettinato (Business).