Business
Altius Provides 2nd Quarter 2025 Project Generation Update
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius”) is pleased to upd...
About this update from Altius Minerals Corporation
[{"type":"text","content":"Altius Provides 2nd Quarter 2025 Project Generation Update\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX)\n \n (“Altius”) is pleased to update its Project Generation (“PG”) business activities and its public junior equities portfolio.\n \n\n The market value of equities in the portfolio at June 30, 2025 was $87.3 million, compared to $71.4 million at March 31, 2025. In addition, net cash proceeds of $293,000 were generated from modest portfolio sales.\n \n\n An updated list of the public equity holdings has been posted to the Altius website at\n \n\n https://altiusminerals.com/project-generation/junior-equities-portfolio\n \n\n .\n \n\n\n Portfolio Highlights\n \n\n\n Overall performance of the portfolio during the quarter was largely driven by its holding of 39,557,961 common shares or an approximate 19.6% interest in\n \n Orogen Royalties Inc. (TSX-V:OGN) (“Orogen”)\n \n , which\n \n\n announced\n \n\n a plan of arrangement with Triple Flag Precious Metals Corp. (“Triple Flag”) on April 22\n \n nd\n \n , 2025 effectively resulting in Triple Flag’s acquisition of Orogen’s 1.0% NSR royalty on the Expanded Silicon project. Altius subsequently\n \n\n reported\n \n\n its support of the agreement and at Orogen’s Annual General and Special Meeting on June 27, 2025 shareholders overwhelmingly\n \n\n approved\n \n\n\n\n the Plan of Arrangement. Triple Flag is acquiring all the issued and outstanding common shares of Orogen for total consideration of approximately $421 million, or $2 per share. In exchange for Orogen shares, Altius will receive cash, Triple Flag shares, and 9,889,490 shares (16.7%) of a spin out company (“Orogen SpinCo”) that will hold all of Orogen’s exploration assets, early-stage royalties, and the producing Ermitaño royalty. Total implied gross proceeds to Altius are expected to be in the range of $80 million, with some variability depending on the final allocation of cash and shares and the value of Orogen SpinCo. This compares to an original cost base of under $15 million. Altius also renewed its exploration alliance with Orogen (henceforth Orogen SpinCo) for the fourth consecutive year, whereby both parties will continue to co...