Altius Announces Pricing of Altius Renewable Royalties IPO
TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation
Internal
February 25, 2021 | St. John’s, Newfoundland
Altius Announces Pricing of Altius Renewable Royalties IPO
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
Altius Minerals Corp oration (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.
Following the completion of the Offering, Altius is expected to hold 15,638,639 common shares or
approximately 61% of the issued and outstanding shares of ARR (or approximately 58% of the issued and
outstanding shares of ARR if the Over-Allotment Option is exercised in full).
A copy of ARR’s supplemented PREP prospectus wil l be available on SEDAR at www.sedar.com on
February 25, 2021.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to
long life, high margin operations. This strategy further provides shareholders with exposures that are well
aligned with sustainability -related global growth trends including the electricity generation transition from
fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing
agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for
many of Altius’s commodity exposures including copper, renewable based electricity, several key battery
metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project
Generation business that originates mineral projects for sale to developers in exchange for equity positions
and royalties. Altius has 41,477,653 common shares issued and outstanding that are listed on Canada’s
Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining
Indices.
About ARR
ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level
investment capital to renewable power developers, operators, and originators . The Company combines
industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy
sector as it fulfills its critical role in enabling the global energy transition.
Forward-looking information
This press release contains “forward-looking information” within the meaning of applicable securities laws,
including statements with regard to the closing of the Offering. Forward-looking information involves known
and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause
actual results to differ mate rially from those that are disclosed in or implied by such forward -looking
information. These risks and uncertainties include, but are not limited to, those described under “Risk
Factors” in ARR’s final base PREP prospectus. Forward -looking information is based on management’s
TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation
Internal
beliefs and assumptions and on information currently available to management. Although the forward -
looking information contained in this press release is based upon what management believes are
reasonable assumptions, you are cautioned against placing undue reliance on this information since actual
results may vary from the forward -looking information. Unless otherwise noted or the context otherwise
indicates, the forward-looking information contained in this press release is provided as of the date of this
press release, and the Company does not undertake to update or amend such forward-looking information
whether as a result of new information, future events or otherwise, except as may be required by applicable
law.
Although Altius be lieves the expectations expressed in such forward -looking information are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking information. Factors that could cause
actual results to differ materially from those in forward -looking statements include, among other things,
changes in market conditions, changes in power prices, changes in expectations for the growth in demand
for renewable power in the U.S., unanticipated changes in key management personnel, general economic
and political conditions, the risk that ARR’s IPO may not be completed and the failure to receive applicable
regulatory approvals, as well as the other risk factors described in A RR’s preliminary base PREP
prospectus in respect of the IPO. Accordingly, actual events may differ materially from those projected in
the forward-looking information. This list is not exhaustive of the factors that may affect any of the forward-
looking information in this news release. These and other factors should be considered carefully and
readers should not place undue reliance on the forward -looking information in this news release. Altius
does not undertake to update any forward-looking information that may be made from time to time by ARR
or on its behalf, except in accordance with applicable securities laws.
No securities regulatory authority has either approved or disapproved the contents of this press release.
These securities have not been and will not be registered under the United States Securities Act of 1933,
as amended, or any U.S. state securities law and may not be offered or sold in the United States except in
compliance with the registration requirements of the said Act and applicable U.S. state securities laws or
pursuant to an exemption therefrom.
For further information, please contact:
Ben Lewis
Email: [email protected]
Tel: 1.877.576.2209
Flora Wood
Email: [email protected]
Tel: 1.877.576.2209
Direct: +1(416)346.9020