Altius Reports First Quarter 2021 Expected Attributable Royalty Revenue of Approximately $17.7 million
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report attributable quarterly royalty revenue+ of approximately $17.7 million ($0.43 per share) for the first quarter ended March 31, 2021. This compares to quarterly revenues of $16.3 million ($0.39 per share) in Q1 2020.
Altius Renewable Royalties Corp. Announces Exercise of Over-Allotment Option
Altius Renewable Royalties Corp. (TSX: ARR) ("ARR" or the "Company") announced today that the underwriters of its recently closed Initial Public Offering have partially exercised the over-allotment option (the "Over-Allotment Option") granted to the syndicate of underwriters led by TD Securities Inc. and Scotia Capital Inc., and including Raymond James Ltd., Cormark Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc., National Bank Financial and Haywood Securities Inc. for 694,000 common shares of the Company at the initial offering price of C$11.00 per share. The total shares issued and outstanding following the partial exercise of the Over-Allotment Option are 26,513,889 shares. Altius Minerals Corporation (TSX: ALS) continues to hold 15,638,639 common shares, or approximately 59% of the issued and outstanding common shares.
Altius Provides First Quarter 2021 Project Generation Update and Announces Retirement of Board Member
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 March 31, 2021 was $54.2 million, compared to $52.2 million at December 31, 2020. This portfolio value does not include equity sales amounts, which exceeded new investment amounts by $2.5 million during the quarter, the value of various share purchase warrants or optional property-based milestone share payments yet to be received. An updated list of the public equity holdings has been posted to the Altius website (Link). A summary of PG business highlights for the quarter is provided below.
Altius Resources Inc. Acquisition of Common Shares of Orogen Royalties Inc.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") reports that its subsidiary Altius Resources Inc, ("Altius Resources") announced today that it has acquired ownership of an aggregate of 4,541,500 common shares ("Common Shares") of Orogen Royalties Inc. (TSXV: OGN) ("Orogen"), with its head office at 1201-510 West Hastings Street Vancouver, BC V6B 1L8. The Common Shares were acquired by Altius Resources on the TSX Venture Exchange on the following dates: (i) on March 22, 2021, Altius Resources acquired 56,000 Common Shares and 133,000 Common Shares at $0.325 and $0.32874 per share, respectively; (ii) on March 23, 2021, Altius Resources acquired 127,000 Common Shares at $0.33677 per share; (iii) on March 24 2021, Altius Resources acquired 123,000 Common Shares at $0.32748 per share, (iv) on March 25, 2021, Altius Resources acquired 102,500 Common Shares at $0.32115 per share; and (v) on March 26, 2021, Altius Resources acquired 4,000,000 Common Shares at $0.3589 per share, for an aggregate purchase price of $1,613,490.13 (collectively, the "Acquisition").
Orogen appoints Mr. Roland Butler to the Board of Directors
Orogen appoints Mr. Roland Butler to the Board of Directors
Altius Minerals Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / March 11, 2021 / Altius Minerals Corp. (TSX:ALS) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 11, 2021 at 9:00 AM Eastern Time.
Altius Reports Annual Attributable Royalty Revenue of $67.5M And Adjusted Operating Cash Flow of $1.14 Per Share
Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) ("Altius" or the "Corporation") reports attributable royalty revenue(1) of $67.5 million ($1.62 per share(1)) for the year ended December 31, 2020 which was down 14% from royalty revenue of $78.1 million ($1.83 per share) reported in 2019.
Altius Renewable Royalties Corp. Completes Initial Public Offering
Altius Renewable Royalties Corp. (TSX: ARR) ("ARR" or the "Company") announced today it has completed its initial public offering (the "Offering") of 9,100,000 common shares ("Shares") at a price of C$11.00 per share (the "Offering Price") for total gross proceeds of C$100,100,000.
Acquisition of Common Shares of TRU Precious Metals Corp. by Altius Resources Inc.
Altius Resources Inc. ("Altius"), a subsidiary of Altius Minerals Corporation (TSX:ALS) (OTCQX:ATUSF) announced today that pursuant to an option agreement dated February 23, 2021 with TRU Precious Metals Corp.(TSXV: TRU) ("TRU"), with its head office at 70 Trius Drive, Fredericton, New Brunswick E3B 5E3, it has the right to acquire 7,140,000 common shares of TRU (the "Shares") representing approximately 19.9% of the issued and outstanding common shares of TRU upon receipt of the approval of the TSX Venture Exchange (the "TSXV") in exchange for the grant of an option to acquire by TRU a 100% interest in the mineral claims known as Golden Rose in the Province of Newfoundland and Labrador (the "Option"). In addition, the Option Agreement provides that TRU will issue to Altius an additional 800,000 common shares within one month from the closing date of the transaction contemplated by the Option Agreement, 800,000 common shares on the first anniversary of the Option Agreement and a further 1,400,000 common shares (collectively, the "Additional Shares") on the second anniversary of the Option Agreement, subject to the approval of the TSXV. If on the dates of issuance of such Additional Shares, the issuance would result in the total number of common shares held by Altius exceeding 19.9% of the issued and outstanding capital of TRU following such issuance, then such Additional Shares will not be issued on such dates but shall remain issuable to Altius at such time that Altius' shareholdings in TRU would not result in it exceeding 19.9% of the issued and outstanding common shares of TRU. All of the Additional Shares must be issued prior to the exercise of the Option under the Option Agreement by TRU. The Shares and the Additional Shares to be acquired by Altius pursuant to the Option Agreement will be issued at a deemed price of $0.25 per share, subject to the requirements of the TSXV. Immediately prior to the transaction contemplated by the Option Agreement, Altius held no securities of TRU. Altius will not acquire the Additional Shares if such acquisition would result in Altius' shareholding in TRU exceeding 19.9% of the issued and outstanding capital of TRU.
Altius Announces Pricing of Altius Renewable Royalties IPO
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") reports that Altius Renewable Royalties Corporation ("ARR") has announced that it expects to commence trading on an "if, as and when issued" basis on the Toronto Stock Exchange on February 26, 2021 under the symbol "ARR". The ARR initial public offering of 9,100,000 shares has been priced at C$11.00 per share for aggregate gross proceeds of C$100,100,000.