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ST. JOHN’S, Newfoundland and Labrador — Altius Minerals Company (TSX: ALS) (OTCQX: ATUSF) (“Altius”) is happy to supply an replace on its Challenge Technology (“PG”) enterprise actions and its public junior equities portfolio. The market worth of the junior equities portfolio at December 31, 2023 was $45.1 million, as in comparison with $44.6 million at September 30, 2023.
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Throughout the yr, new cash-based investments amounted to $1.6 million and the market worth (year-end foundation) of shares acquired as a part of property gross sales agreements totaled $2.8 million. Proceeds from gross sales of public equities from the portfolio totaled $1.2 million. An up to date checklist of the general public fairness holdings has been posted to the Altius web site at http://altiusminerals.com/tasks/junior-equities.
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In 2023, better than 300,000 metres of exploration and delineation drilling, with an estimated price to the operators of greater than $60 million, was accomplished throughout tasks during which Altius has royalty and/or fairness publicity.
Challenge Technology Portfolio 2023 Choose Highlights
Altius holds 29,315,015 widespread shares of Orogen Royalties (TSX-V:OGN) representing an approximate 16.5% fairness stake and an extra 7.1 million widespread share buy warrants. Orogen continued to execute on its enterprise mannequin of undertaking generation-based royalty creation with noteworthy highlights together with practically $5 million in 2023 royalty income from its Ermitaño royalty in Mexico and the numerous development of AngloGold Ashanti’s Expanded Silicon undertaking in Nevada (Orogen’s 1% NSR royalty along with Altius’ instantly held 1.5% NSR royalty). Altius and Orogen additionally continued its strategic alliance in Nevada producing a number of new tasks that bear geologic similarities to the Silicon discovery.
Adventus Mining Corp. (TSX-V:ADZN), of which Altius is a major shareholder, closed the yr with announcement of completion of its environmental session course of for the proposed improvement of its El Domo-Curipamba undertaking in Ecuador. This consequence now clears the best way for the anticipated issuance of the environmental licence for the undertaking. The Firm additionally introduced plans of a proposed merger with Luminex Sources Corp. (“Luminex”) (TSXV: LR) and a associated US$18 million financing. Along with its substantial fairness holding (16,467,738 widespread shares) in Adventus, Altius holds a $4 million convertible debenture royalty mortgage with the Firm, and a present 2% NSR royalty over the Curipamba undertaking.
Wolfden Sources Corp. (TSX-V:WLF) (“Wolfden”) continues to progress its high-grade polymetallic copper-lead-zinc-gold-silver Pickett Mountain undertaking in northern Maine focusing upon neighborhood engagement actions associated to submitting of a rezoning utility with the State to permit for the event of a brand new underground mining operation. As a part of the applying course of the Firm introduced that the Maine Land Use Planning Fee (LUPC) held public hearings in October to obtain public remark. A remaining determination by the LUPC with respect to the applying is predicted early in 2024. Altius presently holds 19,706,000 widespread shares of Wolfden and a 1.35% GSR royalty overlaying the Pickett Mountain undertaking.
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Latitude Uranium Inc. (TSX-V:LUR) (“Latitude”) made a notable acquisition of the Angilak uranium property in Nunavut from Valore Metals Corp. mid-year including to its uranium property holdings in Labrador. On December 7th Latitude introduced it had entered right into a definitive association settlement to be acquired by Atha Power Corp. (CSE:SASK), a Canadian centered uranium exploration firm. Altius holds 8 million shares of Latitude and a 2% gross overriding royalty overlaying a number of of its Labrador CMB properties.
AbraSilver Useful resource Corp. (TSX.V:ABRA), of which Altius is an fairness shareholder, continued to advance its silver-gold Diablillos undertaking in Salta province, Argentina and introduced a considerable improve to the mineral useful resource estimate of the undertaking. Subsequent to yr finish Abra additionally introduced it entered right into a binding letter settlement with a subsidiary of Teck Sources Ltd. relating to a proposed choice and three way partnership settlement to discover and develop the La Coipita copper-gold undertaking in San Juan, Argentina. Altius holds an choice to amass a 1.1% NSR royalty overlaying the La Coipita undertaking for US $3M.
Churchill Sources (TSX-V: CRI) (“Churchill”) continued to advance each its Taylor Brook and Florence Lake nickel tasks throughout the yr, together with achievement of its Florence Lake Possibility Settlement with Altius by issuing a further 5,041,689 widespread shares, bringing Altius’s complete shareholding to 17,838,815 widespread shares in Churchill. Churchill accomplished a $2.6 million financing within the remaining quarter of the yr and commenced a 5000-meter drilling marketing campaign at Taylor Brook. Along with its shareholding in Churchill, Altius additionally holds a 1.6% product sales royalty on every of the Taylor Brook and Florence Lake nickel tasks.
Certified Individual
Lawrence Winter, Ph.D., P.Geo., Vice President, Exploration for Altius, a Certified Individual as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks, is chargeable for the scientific and technical information offered herein and has reviewed, ready and permitted this launch.
About Altius
Altius’s technique is to create per share progress by means of a diversified portfolio of royalty property that relate to lengthy life, excessive margin operations. This technique additional gives shareholders with exposures which might be effectively aligned with sustainability-related international progress traits together with the electrical energy era transition from fossil gas to renewables, transportation electrification, diminished emissions from steelmaking and growing agricultural yield necessities. These macro-trends every maintain the potential to trigger elevated demand for a lot of of Altius’s commodity exposures together with copper, renewable based mostly electrical energy, a number of key battery metals (lithium, nickel and cobalt), clear iron ore, and potash. As well as, Altius runs a profitable Challenge Technology enterprise that originates mineral tasks on the market to builders in change for fairness positions and royalties. Altius has 47,080,737 widespread shares issued and excellent which might be listed on Canada’s Toronto Inventory Change. It’s a member of each the S&P/TSX Small Cap and S&P/TSX International Mining Indices.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20240105618283/en/
Contacts
Chad Wells
Electronic mail: Cwells@altiusminerals.com
Tel: 1.877.576.2209
Flora Wooden
Electronic mail: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: 1.416.346.9020
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