Altius Provides 3rd Quarter 2024 Project Generation Update
Altius Minerals (ALS:TSX) (ATUSF: OTCQX) has provided an update on its Project Generation business activities and public junior equities portfolio. As of September 30, 2024, the market value of equities in the portfolio was $65.3 million, up from $55.8 million on June 30, 2024. The company generated $6.5 million in net cash proceeds from portfolio sales during the quarter, bringing the total net proceeds for 2024 to $18 million.
The update highlights significant developments from portfolio companies, including Orogen Royalties Inc.'s record royalty revenue, Silvercorp Metals Inc.'s acquisition of Adventus Mining Corp., and progress on various mining projects where Altius holds royalty interests. These include the El Domo copper-gold mine, the Golden Rose project, and the Taylor Brook nickel property.
Altius Minerals (ALS:TSX) (ATUSF: OTCQX) ha fornito un aggiornamento sulle attività della sua divisione Project Generation e sul portafoglio di azioni junior pubbliche. Alla data del 30 settembre 2024, il valore di mercato delle azioni nel portafoglio era di 65,3 milioni di dollari, rispetto ai 55,8 milioni di dollari del 30 giugno 2024. La società ha generato 6,5 milioni di dollari di proventi netti in contante dalle vendite del portafoglio durante il trimestre, portando il totale dei proventi netti per il 2024 a 18 milioni di dollari.
L'aggiornamento evidenzia sviluppi significativi delle aziende in portafoglio, tra cui il record di entrate da royalty di Orogen Royalties Inc., l'acquisizione di Adventus Mining Corp. da parte di Silvercorp Metals Inc. e i progressi su vari progetti minerari in cui Altius detiene interessi in royalty. Questi includono la miniera di rame-oro El Domo, il progetto Golden Rose e la proprietà di nichel Taylor Brook.
Altius Minerals (ALS:TSX) (ATUSF: OTCQX) ha proporcionado una actualización sobre sus actividades en el negocio de Generación de Proyectos y su cartera de acciones junior públicas. A fecha de 30 de septiembre de 2024, el valor de mercado de las acciones en la cartera era de 65,3 millones de dólares, en comparación con los 55,8 millones de dólares del 30 de junio de 2024. La empresa generó 6,5 millones de dólares en ingresos netos en efectivo por ventas de la cartera durante el trimestre, llevando el total de ingresos netos para 2024 a 18 millones de dólares.
La actualización destaca desarrollos significativos de las empresas en la cartera, incluyendo los ingresos récord por regalías de Orogen Royalties Inc., la adquisición de Adventus Mining Corp. por parte de Silvercorp Metals Inc., y los avances en varios proyectos mineros donde Altius tiene intereses en regalías. Estos incluyen la mina de cobre-oro El Domo, el proyecto Golden Rose y la propiedad de níquel Taylor Brook.
알티우스 미네랄(ALS:TSX) (ATUSF: OTCQX)는 프로젝트 생성 사업 활동 및 공개 주니어 주식 포트폴리오에 대한 업데이트를 제공했습니다. 2024년 9월 30일 기준, 포트폴리오의 주식 시장 가치는 6530만 달러로, 2024년 6월 30일의 5580만 달러에서 증가했습니다. 회사는 분기 동안 포트폴리오 판매에서 650만 달러의 순 현금 수익을 창출하여 2024년 총 순수익을 1800만 달러로 높였습니다.
업데이트에서는 오로겐 로열티스 Inc.의 기록적인 로열티 수익, 실버코프 메탈스 Inc.의 아드벤투스 마이닝 Corp. 인수 및 알티우스가 로열티 권리를 보유한 여러 광산 프로젝트의 진행 상황을 포함하여 포트폴리오 회사의 중요한 발전 사항을 강조합니다. 여기에는 엘 도모 구리-금 광산, 골든 로즈 프로젝트 및 테일러 브룩 니켈 자산이 포함됩니다.
Altius Minerals (ALS:TSX) (ATUSF: OTCQX) a fourni une mise à jour sur ses activités en matière de génération de projets et sur son portefeuille d'actions junior publiques. Au 30 septembre 2024, la valeur marchande des actions dans le portefeuille était de 65,3 millions de dollars, en hausse par rapport à 55,8 millions de dollars au 30 juin 2024. La société a généré 6,5 millions de dollars de produits nets en espèces issus des ventes de portefeuille au cours du trimestre, portant le total des produits nets pour 2024 à 18 millions de dollars.
La mise à jour met en évidence des développements significatifs provenant des entreprises du portefeuille, notamment les revenus record des redevances d'Orogen Royalties Inc., l'acquisition d'Adventus Mining Corp. par Silvercorp Metals Inc. et les progrès réalisés sur divers projets miniers où Altius détient des intérêts en redevances. Ceux-ci comprennent la mine de cuivre-or El Domo, le projet Golden Rose et la propriété de nickel Taylor Brook.
Altius Minerals (ALS:TSX) (ATUSF: OTCQX) hat ein Update zu seinen Aktivitäten im Bereich Projektentwicklung und dem Portfolio von öffentlichen Junioraktien bereitgestellt. Am 30. September 2024 betrug der Marktwert der Aktien im Portfolio 65,3 Millionen US-Dollar, ein Anstieg gegenüber 55,8 Millionen US-Dollar am 30. Juni 2024. Das Unternehmen erzielte im Quartal 6,5 Millionen US-Dollar an Netto-Cash-Provenienzen aus Portfolioverskäufen, was die gesamten Nettoerlöse für 2024 auf 18 Millionen US-Dollar bringt.
Das Update hebt bedeutende Entwicklungen aus den Portfoliounternehmen hervor, darunter die Rekordroyalty-Einnahmen von Orogen Royalties Inc., die Übernahme von Adventus Mining Corp. durch Silvercorp Metals Inc. und Fortschritte bei verschiedenen Bergbauprojekten, an denen Altius Royalty-Interessen hält. Dazu gehören die Kupfer-Gold-Mine El Domo, das Golden Rose-Projekt und die Taylor Brook-Nickel-Liegenschaft.
- Portfolio value increased from $55.8 million to $65.3 million in Q3 2024
- Generated $6.5 million in net cash proceeds from portfolio sales in Q3
- Total net proceeds from portfolio sales reached $18 million in 2024
- Orogen Royalties reported record royalty revenue and profitable Q2-2024
- Silvercorp Metals initiated construction of El Domo copper-gold mine, targeting production in 2026
- Tru Precious Metals secured earn-in agreement with Eldorado Gold for Golden Rose project
- Churchill Resources raised $2.5 million and commenced drilling at Taylor Brook nickel property
- None.
ST. JOHN’S,
The market value of equities in the portfolio at September 30, 2024 was
An updated list of the public equity holdings has been posted to the Altius website at https://www.altiusminerals.com/investor-information/junior-equities-portfolio/.
Portfolio Updates
Recently reported updates from certain portfolio companies included the following:
Orogen Royalties Inc. (TSX:OGN-V) (“Orogen”) reported record royalty revenue and a profitable Q2-2024 while also highlighting discovery of the Navidad vein system by First Majestic on its Ermitaño project within Orogen’s royalty area of interest. AngloGold Ashanti plc also continued to make significant advancements at the Expanded Silicon gold project located in
Silvercorp Metals Inc. ("Silvercorp") (TSX: SVM) (NYSE American: SVM) announced the completion of its acquisition of all of the outstanding common shares of Adventus Mining Corp. (TSX-V:ADZN) (“Adventus”) in exchange for Silvercorp common shares during the quarter. Subsequent to completion of the Adventus acquisition Silvercorp reported initiation of the process for construction of the El Domo copper-gold mine with a goal to bring the project into production in 2026. Altius was a cofounding shareholder of Adventus and holds a
Tru Precious Metals Corp. (TRU-TSX-V) (“TRU”) reported a definitive earn-in option agreement with Eldorado Gold Corp. to earn an 80-per-cent ownership interest in its Golden Rose project in central
Churchill Resources Inc. (TSX-V:CRI) (“Churchill”) had a completed a
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 46,479,865 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, 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
FAQ
What was the market value of Altius Minerals' (ATUSF) equity portfolio as of September 30, 2024?
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When is Silvercorp Metals aiming to bring the El Domo copper-gold mine into production?
