Connect with us

Business

Altius Provides Q2 2021 Project Generation Update

Published

on

Altius Provides Q2 2021 Project Generation Update

Article content

S T. JOHN’S, Newfoundland and Labrador – Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to update its Project Generation (“PG”) business activities and junior public equity portfolio. The market value of the shares in the portfolio as of June 30, 2021 was approximately $ 64.5 million, compared to $ 54.2 million as of March 31, 2021. The value of the portfolio includes the receipt of 600,000 Champion Iron Limited shares (CIA: TSX) which were distributed to secured debt holders as part of their acquisition of the Kami project through a receivership process, and also 7.14 million shares of TRU Precious Metals Corp. (TRU: TSXV) that were received as payment for the Golden Rose property during the quarter. The portfolio value does not include share sales amounts of $ 1.9 million, but does incorporate new investments of $ 2.1 million during the quarter. An updated list of public equity holdings has been posted on the Altius website at http://altiusminerals.com/projects/junior-equities.

Article content

Portfolio and project highlights

Altius PG equity companies have raised more than $ 150 million from the beginning of 2020 to the end of the first quarter of 2021. This pace continued in the second quarter, with an additional $ 68 million closed in the quarter, primarily from Surge Copper Corp. (SURG: TSXV) (“Surge”) ($ 14 million) and Uranium Royalty Corporation (URC: TSXV) ($ 37 million).

Adventus Mining Corporation (ADZN: TSXV) (“Adventus”) continued to report positive high-grade infill drilling results from its copper- and gold-rich El Domo deposit located within the Curipamba project. A feasibility study for El Domo is expected to be completed in the fourth quarter of 2021. Adventus also recently began exploratory drilling on targets within the larger Curipamba project. In addition to its large stake in Adventus’ equity capital, Altius has a 2% Net Smelter Return (“NSR”) royalty covering the Curipamba project, as well as royalties covering several additional exploration projects located in Ireland and Newfoundland. that Adventus sold or was associated with. with third-party companies, including South32 and Canstar Resources.

Orogen Royalties Inc. (OGN: TSVV) (“Orogen”) reported sales of additional exploration projects that included royalties withheld, in addition to providing information on First Majestic Silver Corporation’s continued advancement of the Ermitaño gold-silver deposit under construction in Mexico, over which Orogen has a 2% NSR royalty. In addition to its equity interest in Orogen, Altius also holds a 1.5% direct NSR royalty related to the Orogen-generated Silicon project in Nevada, which is being advanced by AngloGold Ashanti. Orogen also has a 1% NSR royalty on the Silicon project.

Surge Copper Corp. During the quarter, Altius acquired 3,773,585 continuous flow units in Surge at a price of 53 cents per unit for a total investment of $ 2 million. Surge is a copper exploration company with a current focus on resource definition and exploration at its Ootsa Cu-Au porphyry project, British Columbia.

During the quarter, several organically generated precious metals projects sold by Altius in Newfoundland for equity stakes and underlying project royalties in the past year saw the start of summer field programs and drilling campaigns that included:

Sterling Metals Corp. (SAG: TSXV) in the Sail Pond project

Canstar Resources Inc. (ROX: TSXV) in its Golden Baie project

Article content

Canterra Minerals Corporation (CTM: TSXV) at its Wilding Lake project

TRU Precious Metals Corp. on its Newfoundland projects, including the Golden Rose project

During the quarter, Altius executed a agreement to sell your Adeline copper project in Labrador to Chesterfield Resources (CHF: LSE) for 9.9% of the company (10,089,199 shares) and 11,100,000 3-year warrants at a price of 20 pence, as well as a gross sales royalty of 1.6% that covers the project. Altius anticipates the receipt of the payment shares at the end of July. The value of these shares has not been included in the portfolio value at the end of the quarter.

Altius also ran a link Letter of Intent with Churchill Resources INC.(CRI: TSXV) in the sale of the Florence Lake nickel project for the phased issue of approximately 8.3 million total CRI shares and the retention of a 1.6% gross sales royalty covering the project. Altius anticipates receiving the payment shares in the third quarter, the value of which has also not been included in the portfolio value at the end of the quarter.

Qualified person

Lawrence Winter, Ph.D., P. Geo., Altius Vice President of Exploration, a Qualified Person as defined by National Instrument 43-101 – Disclosure Standards for Mineral Projects, is responsible for the scientific and technical data presented in and has reviewed, prepared and approved this release.

About Altius

Altius’ strategy is to create growth per share through a diversified portfolio of royalty assets that relate to long-duration, high-margin operations. This strategy provides shareholders with exposures that are well aligned with global growth trends related to sustainability, including the transition from electricity generation from fossil fuels to renewables, electrification of transportation, reducing emissions from steelmaking and increased agricultural performance requirements. Each of these macro trends has the potential to cause increased demand for many of Altius’ commodity exposures, including copper, renewables-based electricity, several key battery metals (lithium, nickel and cobalt), mineral clean iron 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 41,504,597 issued and outstanding common shares that are listed on the Toronto Stock Exchange of Canada. It is a member of the S & P / TSX Small Cap and S & P / TSX global mining indices.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20210707005332/en/

logo

Contacts:

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

#distro

Advertisement
Advertisement

Lifestyle

LifeStyle7 hours ago

5 Tips To Write Your Essays Before the Deadline

Deadlines are not easy to deal with. When there is an approaching deadline, one tends to get overwhelmed at the...

LifeStyle1 week ago

How to Prioritize Self Care as a New Parent

A bundle of joy has joined you in your life and you couldn’t be happier. But, at the same time,...

LifeStyle1 week ago

5 Reasons Why You Can’t Stay Asleep

You have likely heard it most of your life: getting a good night’s sleep is important for your overall health....

LifeStyle2 weeks ago

4 Ways to Spread Joy This Fall

Traditionally, many people strive to spread as much joy as they can in the weeks leading up to Christmas. But...

LifeStyle1 month ago

Tips to Boost Your Energy and Ensure Life Longevity with NMN Supplements

Australia’s median age limit increased by two years recently. Higher NAD+ can improve your metabolism rates and prolong natural aging....

LifeStyle2 months ago

5 Tips on Writing APA Research Paper

When students reach college education, they understand that it won’t all be flowers and sunshine. There are different courses with...

Support group for businesses to overcome challenges Support group for businesses to overcome challenges
LifeStyle3 months ago

Support group for businesses to overcome challenges

All-day brunch and soup kitchen Cafe Coco suffered as walk-ins dwindled significantly. It’s a tourist-dependent cafe that’s nestled in the...

S’pore startup Shiok Meats acquires clean red meat company Gaia Foods S’pore startup Shiok Meats acquires clean red meat company Gaia Foods
LifeStyle3 months ago

S’pore startup Shiok Meats acquires clean red meat company Gaia Foods

According to Technology in Asia, Shiok Meats has acquired a stake of more than 90% in Gaia Foods for an...

Marianna Hewitt’s home proves that neutral decor can be full of personality Marianna Hewitt’s home proves that neutral decor can be full of personality
LifeStyle3 months ago

Marianna Hewitt’s home proves that neutral decor can be full of personality

If anyone understands the importance of maintaining your brand, it is Marianna Hewitt. The trusted influencer and founder of the...

The 16 best stuffed pepper recipes for every occasion The 16 best stuffed pepper recipes for every occasion
LifeStyle3 months ago

The 16 best stuffed pepper recipes for every occasion

Something you may not know about me is that I absolutely adore a pepper. Raw, cooked, marinated, bathed: each and...

Advertisement

Sport

Sports2 months ago

5 Tips for Setting Up Your PC for Online Gaming

Due to advances in technology, online gamers can enjoy a gaming experience that was unthinkable even a decade ago. High-resolution...

Sports2 months ago

How to Succeed in Poker Tournaments

Perhaps your first big poker tournament is coming up, or you’ve been gathering skills ready to enter – no matter...

Sports2 months ago

Is The Olympics Still Relevant?

As the Tokyo Olympics has come to a close, competitors must move on from the excitement of experiencing an Olympic...

Fernández reflects on the game against Dart: ‘Honestly, I can’t think of anything positive’ Fernández reflects on the game against Dart: ‘Honestly, I can’t think of anything positive’
Sports3 months ago

Fernández reflects on the game against Dart: ‘Honestly, I can’t think of anything positive’

var adServerUrl = “”; var $ el = $ (“# video_container-985707”); var permalink = $ el.closest (‘. snet-single-article’). data (‘permalink’);...

Tammy Abraham to Roma – Mourinho is the perfect coach for the striker Tammy Abraham to Roma – Mourinho is the perfect coach for the striker
Sports3 months ago

Tammy Abraham to Roma – Mourinho is the perfect coach for the striker

It seems that not too long ago, a young English Target Man was a troubling prospect for most Premier League...

Explanation: Why Barcelona had to let Messi go Explanation: Why Barcelona had to let Messi go
Sports3 months ago

Explanation: Why Barcelona had to let Messi go

Barcelona’s Argentine forward Lionel Messi cries during a press conference at Barcelona’s Camp Nou stadium on August 8, 2021. –...

Are Arsenal and Spurs left out of the top 6 in dispute as the 2021/22 season approaches? Are Arsenal and Spurs left out of the top 6 in dispute as the 2021/22 season approaches?
Sports3 months ago

Are Arsenal and Spurs left out of the top 6 in dispute as the 2021/22 season approaches?

Manchester United, Manchester City, Liverpool, Chelsea, Spurs and Arsenal are the teams that are widely regarded as the top 6...

What should team Canada’s men’s hockey roster look like? What should team Canada’s men’s hockey roster look like?
Sports3 months ago

What should team Canada’s men’s hockey roster look like?

We have sent an email with instructions to create a new password. Your current password has not been changed. We...

Haaland, but staying in Dotmund, can BVB get the title on 21/22? Haaland, but staying in Dotmund, can BVB get the title on 21/22?
Sports3 months ago

Haaland, but staying in Dotmund, can BVB get the title on 21/22?

There are almost twenty days left in the transfer window. The window is in full swing as deals that would...

Knicks agree to deal with Dwayne Bacon: reports Knicks agree to deal with Dwayne Bacon: reports
Sports3 months ago

Knicks agree to deal with Dwayne Bacon: reports

Dwayne Bacon # 8 of the Orlando Magic shoots as John Collins # 20 of the Atlanta Hawks defends during...

Advertisement

Entertainment

Venice adds Doc ‘Ennio’;  Netflix Confirms Sanjay Leela Bhansali Series – News Block Venice adds Doc ‘Ennio’;  Netflix Confirms Sanjay Leela Bhansali Series – News Block
Entertainment3 months ago

Venice adds Doc ‘Ennio’; Netflix Confirms Sanjay Leela Bhansali Series – News Block

Venice adds Giuseppe Tornatore’s Ennio Morricone film The Venice Film Festival incorporates the Out of Competition screening of Ennio Morricone’s...

The Jeffrey Epstein Victims Fund has finished paying $ 121 million The Jeffrey Epstein Victims Fund has finished paying $ 121 million
Entertainment3 months ago

The Jeffrey Epstein Victims Fund has finished paying $ 121 million

After awarding more than $ 121 million to about 150 applicants, a compensation program for survivors of Jeffrey Epstein’s sexual...

Matt Roloff and Karyn Chandler move in together, discuss marriage Matt Roloff and Karyn Chandler move in together, discuss marriage
Entertainment3 months ago

Matt Roloff and Karyn Chandler move in together, discuss marriage

Small people, big world star Matt Roloff and his girlfriend, Karyn Chandlerhave revealed their big summer plans in a new...

Mike Shouhed wants Reza Farahan to apologize for being a ‘traitor’ Mike Shouhed wants Reza Farahan to apologize for being a ‘traitor’
Entertainment3 months ago

Mike Shouhed wants Reza Farahan to apologize for being a ‘traitor’

Shouhed says his Shahs of Sunset co-star “cuts deep and says things that are hard to forgive.” While a sexting...

Joey Lawrence and Samantha Cope are engaged Joey Lawrence and Samantha Cope are engaged
Entertainment3 months ago

Joey Lawrence and Samantha Cope are engaged

He put a ring on it! Joey lawrence is engaged to the actress Samantha cope one year after filing for...

Christine Applegate was diagnosed with multiple sclerosis Christine Applegate was diagnosed with multiple sclerosis
Entertainment3 months ago

Christine Applegate was diagnosed with multiple sclerosis

August 10, 2021 Christine Applegate was diagnosed with multiple sclerosis (MS). Christina Applegate The 49-year-old actress took to Twitter on...

UK advertisers form tapestry with clients Coel, Fassbender, Foy – News Block UK advertisers form tapestry with clients Coel, Fassbender, Foy – News Block
Entertainment3 months ago

UK advertisers form tapestry with clients Coel, Fassbender, Foy – News Block

EXCLUSIVE: UK advertisers Donna Mills and Emma Jackson, longtime representatives of London-based Premier Communications, have launched the new advertising agency...

Christina Applegate: actress reveals multiple sclerosis diagnosis Christina Applegate: actress reveals multiple sclerosis diagnosis
Entertainment3 months ago

Christina Applegate: actress reveals multiple sclerosis diagnosis

prime time Emmy-winning actor Christina applegate has revealed a multiple sclerosis condition through a Twitter post late on Monday night....

Prince Harry and Meghan Markle wanted to move to New Zealand in 2018 Prince Harry and Meghan Markle wanted to move to New Zealand in 2018
Entertainment3 months ago

Prince Harry and Meghan Markle wanted to move to New Zealand in 2018

Prince harry and Meghan Markle according to Queen Elizabeth IIRepresentative to New Zealand, Governor General Patsy Reddy… She said Associated...

Alarming new UN climate report says humanity has really screwed itself up Alarming new UN climate report says humanity has really screwed itself up
Entertainment3 months ago

Alarming new UN climate report says humanity has really screwed itself up

The last evaluation of climate science is a “code red for humanity,” the United Nations chief said on Monday, while...

Advertisement

Tech

Tech1 week ago

How to Provide Cybersecurity for Firefox

Mozilla Firefox is one of the first browsers that come to mind when thinking about the best privacy-oriented browsers available...

Tech4 weeks ago

6 Important Questions to Ask Your Internet Provider

Choosing the best internet provider can be challenging, especially when you don’t know what questions to ask. You want to...

Tech1 month ago

How Serious is Plagiarism in College?

Studying in college often demands writing essays and course papers. You may study technical subjects and do not have many...

Tech1 month ago

Three Possible Ways of How You Can Transfer Contacts from Outlook to iPhone

MS Outlook plays an important role in putting daily life in order, especially with regard to email management. If you...

Tech1 month ago

Importance of Email Validation

According to recent stats, 30% of users change their email every year. Therefore, if your mailing list is more than...

Tech1 month ago

Before Doing Virtual Staging, Here’s What You Should Know

The majority of people today go online to look for homes. When a potential buyer spots a house online that...

Tech1 month ago

What Technologies are Online Casinos Using?

Online casinos have become an ideal choice for a lot of players, especially because they let players take their games...

Tech2 months ago

Grow Your Brand With These 5 Social Media Tips

Whether you’re operating a new business or working to grow your brand, social media is an excellent place to start....

Tech2 months ago

Is Mining Ethereum Still Profitable in 2021?

Globally, there have been lots of innovations and modernization in different aspects of life. This fact has contributed to the...

Tech2 months ago

Popularity Of the Blockchain Technology: How Familiar Are You with It?

Cryptocurrencies are a form of digital currency that stands out because it is decentralized. Cryptocurrency also stands out because it...

Advertisement
Advertisement