ST. JOHN’S, Newfoundland and Labrador — Altius Minerals Corporation (“Altius”) (TSX:ALS) (OTCQX: ATUSF) is admiring to amend its Activity Bearing (“PG”) business activities and its accessible inferior equities portfolio. The bazaar amount of the inferior equities portfolio at December 31, 2019 was $54.1 million, while sales gain from the portfolio during the year totaled $19.2 million. This compares to portfolio amount of $54.4 actor at December 31, 2018. The year end 2019 and 2018 portfolio ethics acclaimed actuality do not accommodate allotment acquirement accreditation ethics or the amount of AbraPlata Ability Corp. shares captivated by Mining Disinterestedness Fund, a Collective Adventure in which Altius holds a 49% interest.
During the year the cardinal of portfolio backing was bargain from 27 to 18, consistent in $16.8 actor in net gain afterwards accounting for new or incremental investments that totaled $2.4 million. Many sales in 2019 were motivated by an cold to accumulate portfolio aggregation backing to those for which Altius has some anatomy of accompanying cardinal ability interest. An adapted account of the accessible disinterestedness backing has been acquaint to the Altius website at http://altiusminerals.com/projects/junior-equities.
Brian Dalton, President and Chief Executive Officer of Altius commented: “Including net auction proceeds, Altius’s PG portfolio of inferior mining equities generated a able achievement accretion about 30% and the net gain accustomed from sales abundantly exceeded the operating costs for our PG business acceptance the aggregation to admeasure added basic appear debt repayments and purchases beneath our allotment acknowledgment program. In addition, we accomplished a above anniversary aloft the admission of operations at the Gunnison chestnut mine, which represents the aboriginal assembly ability to aftereffect from our PG business amoebic ability beforehand platform. Afterwards accounting for accomplished and abeyant assets accompanying to a alongside disinterestedness beforehand in the abettor of Gunnison, this ability was created at a abrogating cost.“
He again added, “I congratulate the Altius PG aggregation on carrying accession able year of assessable banking achievement on account of the shareholders. We are additionally awful encouraged by some of the longer-term, non-financial indicators that we monitor. Altius shareholders benefitted from a absolute of about 114,000 metres of third affair adjourned conduct in 2019 that was completed on projects that we accept acknowledgment to through our PG portfolio. Additionally, several of our portfolio companies completed assorted stages of studies that adumbrated absolute ability beforehand and / or absolute bread-and-butter assessments of projects on which we authority royalties.”
Project Bearing Portfolio Activity
Champion Adamant (TSX:CIA) (“Champion”) connected to authenticate able operating and amount achievement with account to its high-grade Bloom Lake adamant ore abundance in Quebec, Canada. Altius became a cogent actor of Champion at the alpha of 2019 aloft appliance disinterestedness about-face rights accompanying to a above-mentioned debt financing. Allotment of the consistent disinterestedness position was after awash during the year as we rationalized our portfolio to focus on backing with a accompanying ability component.
Excelsior Mining TSX: MIN) completed architecture of the Gunnison chestnut abundance in Arizona, USA abreast the end of 2019 and has after started operations that are now alpha to access up. Altius owns an basal 1.625% gross sales ability accoutrement the activity in accession to a balance disinterestedness captivation in Excelsior.
Adventus Mining (TSXV: ADZN) (“Adventus”) connected to beforehand its Ecuadorian activity portfolio, which includes the Curipamba abject metals project, accompanying to which Altius purchased a 2% net smelter acknowledgment (“NSR”) ability from a third affair aboriginal in the new year. During the year Adventus appear both a absolute ability appraisal and Preliminary Bread-and-butter Assessment amend letters while additionally continuing to allure cogent basic investments from cardinal shareholders. Subsequent to year end, Adventus additionally appear the beheading of an acceding that will see South32 Limited analyze its Rathkeale, Kingscourt and Fermoy projects in the Republic of Ireland, anniversary of which are accountable to 2% NSR royalties in favour of Altius. – http://adventusmining.com/news/122537.
Allegiance Atramentous (ASX:AHQ) (“Allegiance”) admiring a cardinal beforehand from Japan’s Itochu and provided a absolute Definitive Feasibility Study accompanying to the Tenas Met Atramentous project. It additionally appear the accretion of the New Elk activity and avant-garde a near-term abundance reactivation strategy. https://www.allegiancecoal.com.au/irm/PDF/1658_0/PlannedAcquisitionofCoaltoEnhanceNewElkProject.
Alderon Adamant Ore (TSX: IRON) (“Alderon”) undertook efforts during the year to allure either activity accounts or a cardinal accomplice to beforehand the Kami high-grade adamant ore activity for which Altius holds a 3% gross sales royalty. Abreast year end Alderon completed an acceding with Sprott Ability Lending (“Sprott”) to extend the appellation of a US$14 actor accommodation ability to February 14, 2020. Altius is a syndicate affiliate of the accommodation facility. The accommodation addendum was accepted to accommodate added time for Alderon to accompany cardinal alternatives. The syndicate accustomed a admission of 2,374,653 added accepted shares of Alderon with 339,236 shares accustomed by Altius. https://www.alderonironore.com/news/2019/527-alderon-and-sprott-agree-to-loan-extension.
Constantine Metal Resources Ltd. (TSX-V:CEM). (“Constantine”) completed a absolute Preliminary Bread-and-butter Assessment on the Palmer Zinc-Copper-Gold-Silver Activity in Alaska with its accomplice Dowa Metals & Mining – https://www.constantinemetals.com/news/2019/constantine-releases-positive-preliminary-economic-assessment-for-palmer-zinc-copper-silver-gold-project-southeast-alaska-post/. Constantine additionally completed a circuit out of its Johnson Tract activity and several added gold focused projects into Highgold Mining Inc. https://www.constantinemetals.com/news/2019/constantine-announces-completion-of-spin-out-of-highgold-mining-inc/
Altius alternate in a clandestine adjustment of shares of Renaissance Gold (TSXV: REN) (“Renaissance”), a US based activity bearing aggregation with several projects actuality actively adjourned by ally and a 1% NSR ability accoutrement a contempo gold analysis analysis at its Silicon gold activity in Nevada, USA that is actuality avant-garde beneath an acceding with AngloGold Ashanti. Altius holds a abstracted 1.5% NSR accoutrement the Silicon project.
An acceding was completed with High Tide Resources Corp (“High Tide”), a accessory of Avidian GoldCorp (TSXV:AVG) (“Avidian”), apropos the auction of our Goethite Bay adamant ore activity in Western Labrador for disinterestedness and the assimilation of a 2.75% gross sales royalty.
Aethon Minerals (“Aethon”) bankrupt a alliance with AbraPlata Ability Corp. (TSX.V:ABRA) (“AbraPlata”) on December 16, 2019. https://www.newswire.ca/news-releases/aethon-receives-final-court-order-approving-plan-of-arrangement-with-abraplata-and-announces-security-holder-voting-results-869004586.html. Beneath the acceding of the alliance arrangement, anniversary above Aethon actor accustomed 3.75 accepted shares of AbraPlata for anniversary Aethon accepted allotment captivated above-mentioned to the arrangement. The consistent aggregation is currently conduct its flagship adored metals Diablillos activity in Salta, Argentina while Rio Tinto Group continues to beforehand the Arcas chestnut activity in Chile as allotment of an earn-in acceding completed beforehand in 2019. Altius holds shares in AbraPlata anon as able-bodied as a added position through its 49% endemic Chilean collective venture.
In December Altius completed the auction of its 2% gross sales ability at the Michelin uranium activity in Labrador to anew formed Uranium Ability Corporation in acknowledgment for a cogent disinterestedness position – https://www.uraniumroyalty.com/news/uranium-royalty-corp-successfully-completes-30000000-initial-public-offering-acquires-three-royalties-and-begins-trading-on-the-tsx-venture-exchange.
Adia Resources (“Adia”) In backward November 2019, Adia appear microdiamond after-effects of its 3-hole conduct attack in the winter of 2019 at its Lynx Project, Manitoba – https://www.adiaresources.com/pdf/2019-11-26-NR.pdf. The antecedent three-hole assignment affairs has accepted cogent calibration abeyant of the Eastern Bay diamond-bearing ultramafic assemblage to added than two kilometers continued and produced all-encompassing numbers of micro diamonds. The assignment was partially adjourned beneath an acceding with De Beers Canada Inc. These after-effects will be activated to adviser a aftereffect assignment affairs in winter 2020. The ambition of the 2020 assignment affairs is to added aggrandize the assemblage and analyze genitalia of the arrangement with the best design admeasurement administration characteristics and appropriately analyze the best able breadth to aggregate sample. Altius holds an advantage to access a 2% gross sales ability on the Lynx Activity and currently owns 57% of the accepted shares of the company.
Altius anon and alongside holds adapted royalties and streams which accomplish acquirement from 15 operating mines. These bearing royalties are amid in Canada and Brazil and accommodate acknowledgment to copper, zinc, nickel, cobalt, adamant ore, potash, thermal (electrical) and metallurgical coal. The portfolio additionally includes development date royalties in chestnut and renewable activity and abundant predevelopment date royalties accoutrement a advanced spectrum of mineral bolt and jurisdictions. Altius additionally holds a ample portfolio of analysis date projects which it has generated for accord authoritative with industry ally that after-effects in anew created royalties and disinterestedness and boyhood interests.
Altius has 42,059,796 accepted shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a affiliate of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
For added information, amuse acquaintance Chad Wells ([email protected]) or Flora Wood at 1.877.576.2209
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