Altius Renews Normal Course Issuer Bid
- Altius Minerals Corporation has renewed its Normal Course Issuer Bid (NCIB) to purchase up to 1,996,856 common shares, representing approximately 4.21% of the total shares issued and outstanding. The bid will commence on August 22, 2023, and end no later than August 21, 2024. Shares purchased during the NCIB will be cancelled and returned to treasury.
- None.
ST. JOHN’S,
The TSX rules permit Altius to purchase daily, through TSX facilities or approved alternative trading systems, a maximum of 18,544 Shares under the NCIB, being approximately
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 47,430,043 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.
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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