ST. JOHN'S, July 16, 2018 /CNW/ - Altius Minerals Corp. is pleased to announce that pursuant to the closing on July 10, 2018 of the previously announced loan facility established in favour of Alderon Iron Ore Corp. , as borrower, by Sprott Private Resource Lending , LP and Altius, as lenders , Altius, through its wholly-owned subsidiary, Altius Resources Inc., advanced US$2 million of the aggregate US$14 million principal [...]
Altius Minerals Corp. reports that it will release financial results for its second quarter of 2018 on August 8, 2018 after the close of market. The Q2 2018 results for the period ended June 30, 2018 will be presented in comparison with the three month period ended July 31, 2017 as a result of the recent conversion to a calendar year end. Altius expects to report attributable royalty revenue1 of approximately $16.5 [...]
Altius Minerals Corp. is pleased to provide an update on its Project Generation business activities and its public junior equities portfolio. The market value of the junior equities portfolio at June 30, 2018 was $60.3 million, compared to $48.8 million at March 30, 2018. The Altius portfolio value includes new investments in the quarter of $2.6 million while portfolio sales generated $2.4 million. The $60.3 million value [...]
Altius Minerals Corp. is pleased to announce that it has amended its existing credit facility to refinance its existing term and revolver debt. The current debt balance outstanding of $125 million will be transferred to a new term facility with a maturity date of June 2023. In addition, the Corporation will gain access to an additional $100 million revolver facility. The refinancing is jointly led by the Bank of Nova [...]
Altius Minerals Corp. reports that all resolutions presented at its May 15, 2018 Annual and Special Meeting were approved by shareholders, including the re-election of directors John Baker, Brian Dalton, Don Warr, Fred Mifflin, Jamie Strauss, Anna Stylianides, Guy Bentinck and André Gaumond. The voting participation rate was 71.295%, a strong demonstration of shareholder participation, and Altius thanks its [...]
Altius Minerals Corp. reports attributable royalty revenue of $15.8 million for the quarter ended March 31, 2018 compared to $13.4 million for the three month period ended April 30, 2017. The strong revenue growth of 18% over the prior year period is mainly attributable to improved prices for most base metal and bulk mined commodities as well as significant growth in production from Chapada and the potash royalty [...]
Altius Minerals Corp. is pleased to update its Project Generation business activities and its public junior equities portfolio. The market value of the junior equities portfolio at the close of trading April 23, 2018 was $52.9 million. This value includes an increased shareholding in Alderon Iron Ore Corp. , as detailed in a press release dated March 23, 2018. It does not include a $10 million debenture that is [...]
TSX: ALS Altius Minerals Corp. reports that it will release financial results for its first quarter of 2018 on May 14, 2018 after the close of market. The Q1 2018 results will be presented in comparison with the three month period ended April 30, 2017 as a result of the recent conversion to a calendar year end. Altius expects to report attributable royalty revenue1 of approximately $15.7 million for the three month period [...]
Altius Minerals Corp. is pleased to announce that it has executed a Letter of Intent to sell its Sail Pond silver-copper-lead-zinc project on the Northern Peninsula of Newfoundland to New Found Gold Corp. , a private Newfoundland-focused precious metals explorer. As consideration for the sale of the Sail Pond Property, upon closing of the transaction, Altius will receive 12 million common shares of NFG and will retain a [...]
Altius Minerals Corp. today announces the closing of the previously announced transaction to acquire an additional ownership interest in Potash Royalty Limited Partnership from Liberty Metals & Mining Holdings, LLC for total cash consideration of C$65 million. Following the closing, Altius’ net interest in Potash Royalties grew from 52.4% to 91.3%. Potash Royalties holds royalty interests in six producing potash [...]
Altius Minerals Corp. reports that it has agreed to acquire 18,797,454 common shares of Alderon Iron Ore Corp. from Liberty Metals & Mining Holdings, LLC . Altius currently owns and controls 33,041,462 Common Shares, representing approximately 24% of the outstanding Common Shares of Alderon, and will following closing own and control a total of 51,838,916 Common Shares, representing approximately 39% of the outstanding [...]
Altius Minerals Corp. is pleased to announce that together with a private third party it has agreed to purchase an additional 44.9% interest in Potash Royalty Limited Partnership from Liberty Metals & Mining Holdings, LLC for total cash consideration of C$75 million plus nominal price adjustments. Of this amount, Altius will pay C$65 million to bring its total interest in Potash Royalties to 91.3%, from its current 52.4 [...]
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