Altius Minerals Corporation has increased its ownership interest in Great Bay Renewables to 50% [1], [2].

The expansion of this stake signals a strategic shift toward a larger role in the renewable energy sector. By increasing its position in Great Bay Renewables, Altius is deepening its exposure to the transition toward sustainable power sources.

The move was executed through a partnership with Northampton Capital Partners and Apollo Funds [1], [2]. This arrangement follows the approval of a plan of arrangement on Dec. 5, 2024 [3].

As part of the transaction, Northampton Capital Partners LLC will sell its interest in Altius Renewable Royalties Corp. [2]. This entity previously served as the vehicle through which Northampton held its indirect interest in Great Bay Renewables [2].

"Altius is pleased to announce the signing of a share purchase agreement..." the company said [1].

The company is listed on the Toronto Stock Exchange under the ticker TSX: ALS [1], [2]. The operations associated with this investment are based in St. John’s, Newfoundland and Labrador [1], [2].

Northampton Capital Partners said the move was an affiliate action within the firm's broader consolidated subsidiaries [3]. The agreement allows Altius to scale its involvement in the renewable energy company's growth and operational trajectory [1].

“Altius Minerals Corporation has increased its ownership interest in Great Bay Renewables to 50%.”

This transaction represents a consolidation of ownership that simplifies the corporate structure between Altius and Northampton Capital Partners. By moving to a 50% stake, Altius secures a more significant influence over the assets of Great Bay Renewables, moving away from an indirect holding model toward a more direct partnership in the renewable energy market.