Altius Provides Silicon Royalty Arbitration Update
Altius Minerals (TSX: ALS, OTCQX: ATUSF) has received a partial arbitration award regarding its royalty interests in the Silicon gold district in Nevada. The arbitration between Altius Royalty and AngloGold Ashanti North America (AGA) has determined that Altius's royalty rights include the entire 26.6 km² base area of interest (Base AOI) and certain contiguous/adjacent mineral lands held by AGA.
The Tribunal has given the parties 60 days to jointly submit a detailed list of claim units subject to the royalty. Based on preliminary interpretations, Altius believes the known extents of the Silicon and Merlin deposits, including the southern Merlin extension beyond the Base AOI, fall under its royalty. However, lands acquired from third parties like Coeur Sterling and Corvus Gold before the 2015 Royalty Agreement are excluded.
The award potentially allows for significant expansion of Altius's royalty rights around the Base AOI, including several kilometers along northwest and northeast trend extensions.
Altius Minerals (TSX: ALS, OTCQX: ATUSF) ha ricevuto un'assegnazione parziale da parte dell'arbitrato riguardo ai suoi diritti royalty nel distretto aurifero Silicon in Nevada. L'arbitrato tra Altius Royalty e AngloGold Ashanti North America (AGA) ha stabilito che i diritti royalty di Altius comprendono l'intera area di base di interesse di 26,6 km² (Base AOI) e alcuni terreni minerali contigui/adiacenti detenuti da AGA.
Il Tribunale ha dato alle parti 60 giorni per presentare congiuntamente un elenco dettagliato delle unità di reclamo soggette alla royalty. Sulla base di interpretazioni preliminari, Altius ritiene che le estensioni conosciute dei giacimenti Silicon e Merlin, compresa l'estensione meridionale di Merlin al di là della Base AOI, rientrino nei suoi diritti royalty. Tuttavia, i terreni acquisiti da terze parti come Coeur Sterling e Corvus Gold prima dell'Accordo Royalty del 2015 sono esclusi.
L'assegnazione può potenzialmente consentire un'espansione significativa dei diritti royalty di Altius attorno alla Base AOI, compresi diversi chilometri lungo le estensioni delle tendenze nord-ovest e nord-est.
Altius Minerals (TSX: ALS, OTCQX: ATUSF) ha recibido un laudo parcial de arbitraje en relación con sus intereses de regalías en el distrito de oro Silicon en Nevada. El arbitraje entre Altius Royalty y AngloGold Ashanti North America (AGA) ha determinado que los derechos de regalías de Altius incluyen toda el área base de interés de 26.6 km² (Base AOI) y ciertos terrenos minerales contiguos/adyacentes poseídos por AGA.
El Tribunal ha dado a las partes 60 días para presentar conjuntamente una lista detallada de las unidades de reclamo sujetas a la regalía. Según las interpretaciones preliminares, Altius cree que las extensiones conocidas de los depósitos Silicon y Merlin, incluida la extensión meridional de Merlin más allá de la Base AOI, caen bajo su regalía. Sin embargo, los terrenos adquiridos de terceros como Coeur Sterling y Corvus Gold antes del Acuerdo de Regalías de 2015 están excluidos.
El laudo podría permitir una expansión significativa de los derechos de regalías de Altius alrededor de la Base AOI, incluyendo varios kilómetros a lo largo de las extensiones de tendencia noroeste y noreste.
Altius Minerals (TSX: ALS, OTCQX: ATUSF)는 네바다의 실리콘 금 광구에서의 로열티 이해관계와 관련하여 부분 중재 판정을 받았습니다. AngloGold Ashanti North America (AGA)와의 중재에서 Altius의 로열티 권리는 26.6 km²의 전체 기본 관심 지역(Base AOI)과 AGA가 보유한 몇 가지 인접 광물 토지를 포함한다고 결정되었습니다.
중재재판소는 양 당사자에게 로열티 대상이 되는 청구 단위의 상세 목록을 공동으로 제출할 수 있도록 60일을 주었습니다. 초기 해석에 따르면, Altius는 실리콘 및 머린 매장지의 알려진 범위, 특히 기본 AOI를 넘어선 머린의 남부 확장이 로열티에 포함된다고 믿고 있습니다. 그러나 2015년 로열티 계약 이전에 Coeur Sterling과 Corvus Gold로부터 인수한 토지는 제외됩니다.
이번 판정은 Base AOI 주변에서 Altius의 로열티 권리가 상당히 확대될 수 있는 가능성을 제공하며, 북서쪽과 북동쪽으로의 여러 킬로미터에 걸친 연장도 포함됩니다.
Altius Minerals (TSX: ALS, OTCQX: ATUSF) a reçu une décision partielle d'arbitrage concernant ses intérêts en redevances dans le district aurifère de Silicon au Nevada. L'arbitrage entre Altius Royalty et AngloGold Ashanti North America (AGA) a déterminé que les droits de redevance d'Altius comprennent l'entière zone d'intérêt de base de 26,6 km² (Base AOI) ainsi que certains terrains minéraux contigus/adjacents détenus par AGA.
Le Tribunal a donné aux parties 60 jours pour soumettre conjointement une liste détaillée des unités de réclamation soumises à la redevance. Sur la base d'interprétations préliminaires, Altius estime que les étendues connues des dépôts Silicon et Merlin, y compris l'extension méridionale de Merlin au-delà de la Base AOI, tombent sous ses droits de redevance. Cependant, les terrains acquis auprès de tiers comme Coeur Sterling et Corvus Gold avant l'Accord de Redevances de 2015 sont exclus.
La décision permet potentiellement une expansion significative des droits de redevance d'Altius autour de la Base AOI, y compris plusieurs kilomètres le long des extensions de tendance nord-ouest et nord-est.
Altius Minerals (TSX: ALS, OTCQX: ATUSF) hat einen teilweisen Schiedsspruch bezüglich seiner Tantiemenansprüche im Goldbezirk Silicon in Nevada erhalten. Das Schiedsverfahren zwischen Altius Royalty und AngloGold Ashanti North America (AGA) hat festgestellt, dass Altius' Tantiemenrechte die gesamte Grundlage von 26,6 km² (Basis AOI) und bestimmte angrenzende Mineralflächen, die von AGA gehalten werden, umfassen.
Das Tribunal hat den Parteien 60 Tage Zeit gegeben, um gemeinsam eine detaillierte Liste der Anspruchseinheiten, die der Tantieme unterliegen, einzureichen. Basierend auf vorläufigen Auslegungen glaubt Altius, dass die bekannten Ausdehnungen der Silicon- und Merlin-Lagerstätten, einschließlich der südlichen Merlin-Erweiterung jenseits der Basis AOI, unter seine Tantieme fallen. Grundstücke, die von Dritten wie Coeur Sterling und Corvus Gold vor dem Royalty Agreement 2015 erworben wurden, sind jedoch ausgeschlossen.
Der Schiedsspruch könnte eine erhebliche Erweiterung der Tantiemenrechte von Altius rund um die Basis AOI ermöglichen, einschließlich mehrerer Kilometer entlang der nordwestlichen und nordöstlichen Trendverlängerungen.
- Arbitration confirms royalty rights over the entire 26.6 km² Base AOI
- Royalty coverage includes Silicon and Merlin deposits, including southern extension
- Significant expansion potential along northwest and northeast trend extensions
- Exclusion of lands acquired from third parties (North Bullfrog and Motherlode areas)
- Final award pending, subject to potential revisions
ST. JOHN’S,
The Tribunal has determined that the lands that are subject to the Altius royalty under a royalty agreement between the parties dated February 20, 2015 (“Royalty Agreement”) include the entirety of those encompassed within the 26.6 km2 base area of interest (“Base AOI”) described in the royalty agreement and also certain areas of contiguous and/or adjacent mineral lands currently held by AGA that extend beyond the limits of the Base AOI.
With respect to lands that are subject to the royalty that extend beyond the Base AOI, the Tribunal has provided its interpretation of various elements of the agreement within its Partial Award and has directed the parties, within the next 60 days, to jointly submit a detailed list of the various individual claim units believed to be subject to the royalty. If the parties report that any issues exist between them in itemizing or specifying the mining claims subject to the royalty, then the Tribunal will decide them and subsequently issue its final award.
Altius’s Preliminary Interpretations of the Partial Award1
Altius currently believes that under the Partial Award the known extents of the Silicon and Merlin deposits, based on information released to date by AGA, including essentially all of the southernmost extension of the Merlin Deposit beyond the Base AOI, are subject to its royalty.
Certain lands that were acquired by AGA from third party entities, including Coeur Sterling, Inc. and Corvus Gold, Inc., with a staking date prior to the date of the Royalty Agreement are excluded from the royalty by virtue of the Partial Award. These lands host several historically identified mineralized areas including the North Bullfrog and Motherlode areas.
Altius interprets the Partial Award as providing for significant expansion of its royalty rights in all directions around the Base AOI area, including for several kilometers along projected northwest and northeast trend extensions of structures that it believes represent important geological controls on mineralization at both Silicon and Merlin, as well as over extensive areas within the district to the south of the Base AOI that have seen limited exploration to date.
Upon receipt of the final award Altius will provide a detailed update to shareholders outlining the full specific areas of its royalty entitlement.
1Readers should be cautioned that the Partial Award remains under analysis by Altius and its legal advisers and certain portions remain open to further interpretation. In addition, given the nature of the Partial Award the Tribunal retains the jurisdiction and authority to clarify, revise or amend any portion of its Partial Award and until its final award is issued limited reliance should be placed upon it.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,290,608 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250110641221/en/
For further information:
Chad Wells
Email: Cwells@altiusminerals.com
Tel: 1.877.576.2209
Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: 1.416.346.9020
Source: Altius Minerals Corporation
FAQ
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