Altius provides 2021 year-end project generation update

During the year, new equity positions were added to the portfolio from the option/sale of several projects, including:

• The Golden Rose project to Tru Precious Metals Inc.
• The Adeline copper project to Chesterfield Resources Inc.
• The Florence Lake nickel project to Churchill Resources Inc.
• The Corporation’s Labrador uranium properties (Central Mineral Belt and Notakwanon) to Labrador Uranium Inc., a majority-controlled subsidiary of Consolidated Uranium Inc., planned for public spin out in 2022.

In each of these transactions, Altius has also retained various underlying project royalty interests.

Brian Dalton, Altius’s President and CEO, commented: “We saw excellent performance within our PG business segment during 2021, with several projects successfully converted to new equity positions and royalties. The public junior equities portfolio value increased by CAN$3.3 million during the year, while also generating CAN$16.1 million in net cash proceeds for total implied growth of CAN$20.4 million or 37%.

“During 2022, we anticipate hundreds of thousands of metres of exploration drilling to be completed across the portfolio, providing Altius shareholders with numerous opportunities for low-cost value creation through its equity holdings and early stage royalties. We also look forward to potential milestones being achieved and reported by operators relating to certain of the more advanced stage royalties within the portfolio – including updated feasibility results for the Kami iron ore project in Labrador, project finance and other developments related to the Curipamba polymetallic project in Ecuador and an initial resource estimate for the Silicon gold discovery in Nevada.”

Read the article online at: https://www.globalminingreview.com/finance-business/07012022/altius-provides-2021-year-end-project-generation-update/