Altius Reports on Project Generation and Portfolio Value
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) is thrilled to share its latest updates reflecting its growth in the Project Generation (PG) business and the performance of its public junior equities portfolio. This report covers significant advancements as of the end of the third quarter of 2024.
Overview of Portfolio Growth
As of the latest update, the market value of Altius’s equity holdings has soared to $65.3 million. This rise marks an increase from the previous value of $55.8 million recorded just three months earlier. Additionally, the company secured net cash proceeds totaling $6.5 million from various sales made during the quarter, bringing the total for the year to an impressive $18 million.
Recent Updates from Portfolio Companies
Altius is dedicated to keeping its stakeholders informed about its portfolio companies. Below are notable updates from some of them:
Orogen Royalties Inc.
Orogen Royalties Inc. (TSX:OGN-V) recently achieved record royalty revenue, alongside reporting profitable results for Q2-2024. The company also highlighted a new discovery in its region of interest—the Navidad vein system—thanks to First Majestic. Altius holds a significant stake in Orogen with 36,430,561 shares, equating to an 18.15% ownership and benefits from its 1.5% NSR royalty on the Expanded Silicon project in Nevada.
Silvercorp Metals Inc.
Silvercorp (TSX: SVM) (NYSE American: SVM) announced its acquisition of Adventus Mining Corp. This strategic move involved exchanging Silvercorp shares for all outstanding shares of Adventus. Following this acquisition, Silvercorp is now progressing toward initiating the construction of the El Domo copper-gold mine, with an ambitious target to start production by 2026. Altius contributes to this success through its 2% NSR royalty on the El Domo-Curipamba project.
Strategic Developments and Stakeholder Value
Tru Precious Metals Corp. (TRU-TSX-V) recently entered into a definitive earn-in option agreement, enabling it to secure an 80% ownership interest in the Golden Rose project, facilitated by Eldorado Gold Corp. Representing a major investment, Altius maintains a 2% NSR royalty on this site.
Churchill Resources Inc.
In addition, Churchill Resources Inc. (TSX-V:CRI) has successfully completed a $2.5 million financing round. They have also commenced drilling operations at their Taylor Brook nickel property in western Newfoundland, where Altius retains a 2% NSR royalty, showcasing Altius’s ongoing commitment to resource development.
Commitment to Sustainable Growth
Altius’s business model is centered on maximizing shareholder value through a diverse mix of royalty assets linked to high-margin operations. Its proactive strategy supports sustainability-focused global trends, including the transition from fossil fuels to renewable energy, electrification of transportation, and the increasing agricultural output demands. These elements underscore a growing appetite for commodities within Altius's portfolio, which includes copper, various battery metals, and clean iron ore.
About Altius
As a member of both the S&P/TSX Small Cap Index and the S&P/TSX Global Mining Index, Altius currently has 46,479,865 common shares issued and outstanding, firmly listing on the Toronto Stock Exchange. The company’s competent team actively works to source mineral projects for development in exchange for equity and royalties, ensuring a robust pipeline of growth opportunities...
Frequently Asked Questions
What is Altius Minerals Corporation known for?
Altius is known for its strategic investments in royalty assets and project development in the mining and mineral sectors.
How has Altius’s equity portfolio performed recently?
As of September 30, 2024, the market value of Altius's equity portfolio increased significantly to $65.3 million.
Which companies are part of Altius’s portfolio?
Key companies in Altius’s portfolio include Orogen Royalties Inc. and Silvercorp Metals Inc., among others.
What is the significance of royalty assets for Altius?
Royalty assets provide Altius with a consistent revenue stream while aligning with growing market demands in sustainable practices.
What sectors does Altius focus on for growth?
Altius focuses on sectors including renewable energy, mining, and agriculture to support sustainable growth trends.
