Business
Altius Minerals Provides 2nd Quarter 2022 Project Generation Update
ST. JOHN’S, Newfoundland and Labrador / Jul 06, 2022 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is p
About this update from Altius Minerals Corporation
[{"type":"text","content":"ST. JOHN’S, Newfoundland and Labrador / Jul 06, 2022 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to update its Project Generation (“PG”) business activities and its public junior equities portfolio. The market value of equities in the portfolio at June 30, 2022 was $47.4 million, compared to $67.3 million at March 31, 2021. New investments for the quarter exceeded equity sales for a net cost of $1.2 million. The decline in portfolio value is line with the broader declines experienced across the junior mining equity sector. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities. Portfolio and Project Highlights Orogen Royalties Inc. (OGN:TSX-V) (“Orogen”) reported its first full quarter of royalty revenue from its Ermitaño project and anticipates generating approximately $500,000 per quarter - https://www.orogenroyalties.com/news/orogen-royalties-announces-first-quarter-2022-results-and-provides-royalty-update. The recent results underline the financial stability of the company while maximizing its shareholders’ participation in exciting new developments and advancements within its broader portfolio including its 1% NSR royalty on the Silicon project in Nevada, which is operated by AngloGold Ashanti (Altius also independently owns a 1.5% NSR royalty on the project). Altius retains an approximate 16.5% interest in the shares of Orogen. Adventus Mining Corp. (ADZN:TSX-V) (“Adventus”) continued to make meaningful progress in Ecuador with its recent announcement of an Investment Protection Agreement for the Curipamba - El Domo copper-gold project with the Ministry of Production, Foreign Trade, Investments and Fisheries (https://www.adventusmining.com/news/122592). Altius retains a 2% NSR royalty on the Curipamba project. Labrador Uranium Inc. (LUR:TSX-V) recently announced commencement of exploration on its uranium properties in Labrador including the Central Mineral Belt properties which Altius recently vended to the company for 8 million shares and an underlying 2% GOR royalty on the properties - https://labradoruranium.com/press-releases/labrador-uranium-announces-exploration-update/. Sterling Metals Corp. (SAG:TSX-V) (“Sterling”) raised nearly $5 million in new exploration fundin...