Altius Provides 2024 Year-End Project Generation Update
ST. JOHN’S,
Early in 2024 a decision was made to monetize certain liquid equities in the portfolio to fund an acceleration of purchases under Altius’s share buyback program and other investment opportunities, and as such
An updated list of the public equity holdings has been posted to the Altius website at https://altiusminerals.com/project-generation/junior-equities-portfolio/.
Junior Equities Portfolio 2024 Highlights
The Corporation currently holds 39,557,961 common shares or an approximate
Altius and Orogen also continued their strategic alliance in
Adventus Mining Corp. (“Adventus”), of which Altius was a co-founding shareholder, was acquired by Silvercorp Metals Inc. ("Silvercorp") (TSX: SVM) (NYSE American: SVM) during the year. Silvercorp has subsequently announced the initiation of mine infrastructure construction and a target of first production in late 2026 from the El Domo copper-gold project in
Altius also holds several additional junior equity positions and/or royalty interests relating to a diverse range of exploration projects in several jurisdictions that hold potential for multiple commodities, including the following.
-
Canstar Resources Inc. (ROX:TSX-V) continued to advance its Golden Baie Project in central
Newfoundland , which Altius originated and over which it holds a2% NSR royalty.
-
Tru Precious Metals Corp. (TRU:TSX-V) (“TRU”) continued to advance its Golden Rose project in central
Newfoundland through an earn-in option agreement with Eldorado Gold Corp. to earn an 80-per-cent ownership interest. Altius is a substantial shareholder of TRU, following its vend-in of the Golden Rose project, and retains a2% NSR royalty over the property.
-
Churchill Resources Inc. (TSX-V:CRI) (“Churchill”) undertook further geophysical surveying and drilling at its Taylor Brook nickel property in western
Newfoundland . Altius is a substantial shareholder of Churchill based on its origination and sale of the Taylor Brook project and retains a2% NSR royalty over the project.
Altius also continues to carry out exploration programs across a variety of wholly owned and joint venture projects with a goal of generating royalty and other interests.
Qualified Person
Lawrence Winter, Ph.D., P.Geo., Vice President, Generative & Technical, for Altius, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed, prepared and approved this release.
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/20250109293587/en/
For further information, please contact:
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