Altius Resources Inc. , a subsidiary of Altius Minerals Corp. announced today that pursuant to an option agreement dated February 23, 2021 with TRU Precious Metals Corp. , with its head office at 70 Trius Drive, Fredericton, New Brunswick E3B 5E3, it has the right to acquire 7,140,000 common shares of TRU representing approximately 19.9% of the issued and outstanding common shares of TRU upon receipt of the approval of [...]
Altius Minerals Corp. reports that Altius Renewable Royalties Corporation has announced that it expects to commence trading on an "if, as and when issued" basis on the Toronto Stock Exchange on February 26, 2021 under the symbol "ARR". The ARR initial public offering of 9,100,000 shares has been priced at C$11.00 per share for aggregate gross proceeds of C$100,100,000. Following the completion of the Offering, Altius is [...]
Altius Minerals Corp. expects to report record attributable quarterly royalty revenue† of approximately $21.9 million for the fourth quarter ended December 31, 2020. This compares to quarterly revenues of $16.2 million in Q3 2020 and $17.6 million in the comparable quarter last year. For the full year ended December 31, 2020 Altius expects to report royalty revenue of $67.5 million compared to $78.1 million for the year [...]
Altius Resources Inc. , a wholly-owned subsidiary of Altius Minerals Corp. today announces that it has entered into a subscription agreement to acquire ownership of 3,125,000 common shares of Wolfden Resources Corp. , with its head office at Unit 5, 1100 Russell Street, Thunder Bay, Ontario, P7B 5N2. The Shares will be acquired by Altius pursuant to a non-brokered private placement of an aggregate of 6,250,000 common [...]
Altius Minerals Corp. is pleased to announce that its subsidiary Altius Renewable Royalties Corp. has filed and obtained a receipt for a preliminary base PREP prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for an initial public offering of Common Shares , led by TD Securities Inc. and Scotia Capital Inc., together with a syndicate comprised of Raymond James Ltd [...]
Altius Minerals Corp. is pleased to update its Project Generation business activities and its public junior equities portfolio. The market value of the junior equities portfolio at December 31, 2020 was $52.2 million, compared to $45.5 million at September 30, 2020 and $54.1 million at December 31, 2019. These amounts do not include net positive cash generation from sales of $6.7 million for the year or the value of [...]
Lithium Royalty Corp "LRC" is pleased to announce that it has closed on US $70,669,843 of additional capital. As part of this raise, the Company is excited to welcome Riverstone Holdings LLC as a strategic investor in the Company. Riverstone Holdings LLC is a New York-based leading private markets asset management firm dedicated to real assets investing primarily in energy, power and infrastructure. [...]
Altius Minerals Corp. is pleased to provide the following update: Lithium Royalty Corporation LRC, of which Altius is a 12.6% founding level investor, has agreed to a US$40 million investment by New York based private equity firm Riverstone Holdings, part of a larger US$70.7 million offering by LRC. Pursuant to this investment Altius has exercised its pro-rata equity participation right by committing an additional US$7.6 [...]
Altius Minerals Corp. would like to update investors in connection with its lawsuit against both the Governments of Canada and Alberta in relation to regulatory changes that will force the discontinuation of coal-fired electrical generation from the Genesee and other Alberta power plants by 2030. The lawsuit seeks compensation for actions that Altius believes are tantamount to expropriation of its Genesee royalty asset [...]
Altius Minerals Corp. is pleased to report the release of its inaugural Sustainability Report, which will become an annual disclosure item. The report includes the following introductory letter that is addressed to Altius’s many valued stakeholders: Dear Altius Stakeholder, We are delighted to provide you with our first formal sustainability report. Within this you will discover the many ways in which Altius is a leader [...]
Altius Minerals Corp. reports that it has been informed by Deloitte Restructuring Inc., the Receiver overseeing the disposition of assets formerly held by Alderon Iron Ore Corp. , that an acquisition proposal by Champion Iron Ltd. has been approved by the Supreme Court of Newfoundland and Labrador following a competitive bidding process. The primary asset involved in the Acquisition is the advanced stage Kamistiatusset [...]
Altius Minerals Corp. reports attributable royalty revenue of $16.2 million or $0.39 per share for the third quarter ended September 30, 2020 compared to $19.2 million or $0.45 per share in the comparable quarter last year and $13.0 million or $0.31 per share in Q2 2020. Adjusted EBITDA of $12.4 million or $0.30 per share compares to $15.2 million or $0.36 per share in Q3 2019 and to $10.0 million or $0.24 per share in Q2 [...]
