Altius Provides 2021 Year-End Project Generation Update $16.1M in Net Cash Generation and Several Royalties Advanced
TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation
January 06, 2022 | St. John’s, Newfoundland
Altius Provides 2021 Year-End Project Generation Update
$16.1M in Net Cash Generation and Several Royalties Advanced
Altius Minerals Corp oration (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 the Corporation’s junior equities portfolio at December 31, 202 1 was $55.5 million, compared to
$51.2 million at September 30, 202 1. This amount does not include $16.1 million in cash generated by
sales net of new purchases during the year, or the value of warrants or property-based share payments yet
to be received or currently non -publicly trading. An updated list of the public equity holdings has been
posted to the Altius website at Altius junior equity portfolio.
During the year new equit y positions were added to the portfolio from the option/sale of several projects,
including: the Golden Rose project to Tru Precious Metals Inc. (TRU:TSX-V), the Adeline copper project
to Chesterfield Resources Inc. (CHF:LSE), the Florence Lake nickel project to Churchill Resources Inc.
(CRI:TSX-V) and the Corporation’s Labrador uranium properties (Central Mineral Belt and Notakwanon) to
Labrador Uranium Inc. , a majority-controlled subsidiary of Consolidated Uranium Inc. (CUR:TSX-V)
planned for public spin out in 2022 . In each of these transactions, Altius has also retained various
underlying project royalty interests.
Brian Dalton , Altius’s President and CEO commented, “We saw excellent performance within our PG
business segment during 2021 with several projects successfully converted to new equity positions and
royalties. The public junior equities portfolio value increased by $3.3 million during the year while also
generating $16.1 million in net cash proceeds for total implied growth of $20.4 million or 37%. During 2022
we anticipate hundreds of thousands of meters of exploration drilling to be completed across the portfolio,
providing Altius shareholders with numerous opportunities for low -cost value creation through its equit y
holdings and early stage royalties. We also look forward to potential milestones being achieved and
reported by operators relating to certain of the more advanced stage royalties within the portfolio - including
updated feasibility results for the Kami iron ore project in Labrador, project finance and other developments
related to the Curipamba polymetallic project in Ecuador and an initial resource estimate for the Silicon gold
discovery in Nevada.”
Qualified Person
Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, a Qualified Person as defined
by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the
scientific and technical data presented herein and has reviewed, prepared and approved this release.
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 41,185,595 common shares issued a nd outstanding that are listed on Canada’s
TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation
Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining
Indices.
For further information, please contact:
Chad Wells
Email: [email protected]
Tel: 1.877.576.2209
Flora Wood
Email: [email protected]
Tel: 1.877.576.2209
Direct: +1(416)346.9020