Business
Altius Minerals Provides 3rd Quarter 2025 Project Generation Update
ST. JOHN’S, Newfoundland and Labrador / Oct 08, 2025 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius”) is pleased to update its
About this update from Altius Minerals Corporation
[{"type":"text","content":"ST. JOHN’S, Newfoundland and Labrador / Oct 08, 2025 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius”) 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 September 30, 2025 was $44.0 million, compared to $87.3 million at June 30, 2025. Gross cash proceeds for the quarter totaled $67.6 million received from the Orogen Royalties Inc. (TSX-V: OGN) (“Orogen”) plan of arrangement with Triple Flag Precious Metals Corp. in relation to the acquisition of Orogen’s 1% NSR royalty covering the Arthur gold project. In addition to the $67.6 million in proceeds, Altius also received 9,889,490 new Orogen shares which were valued at approximately $25 million as of September 30, 2025, implying total transaction consideration at that date of more than $92 million. This compares to an original cumulative investment amount of less than $15 million. On July 23, 2025, Altius announced the sale of 1% of its own 1.5% NSR royalty covering the Arthur project for US$275 million (~C$375 million). An updated list of the public equity holdings on which we hold royalties has been posted to the Altius website at https://altiusminerals.com/investor-information/junior-equities-portfolio/. Portfolio Highlights Orogen had a very active quarter, as summarized in their announcement dated September 24, 2025, which acknowledged active drilling campaigns underway in seven partner-funded programs in Nevada, British Columbia, Colombia and Western Kenya, all areas where Orogen holds projects or royalty interests. Altius invested $1 million in the Blue Moon Metals Inc. (TSX-V: MOON) public offering announced during the quarter and also invested $250,000 in Perseverance Metals Inc. (“Perseverance”) as part of its planned Initial Public Offering announced in late September. Altius is a substantial shareholder (7.35%) of Perseverance primarily as part of its sale of the Voyageur Nickel project to the company in 2024, on which Altius also retains a 2% NSR royalty. In Nevada, Eminent Gold Corp (TSX-V: EMNT) (“Eminent”) completed two IP lines across the steam-heated alteration cap at the Celts gold project and has interpreted a normal fault beneath the zone of intense alteration. This structure will be the principal target of a late 2025 ...