Altius Provides 3rd Quarter 2022 Project Generation Update
TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation
October 6, 2022 | St. John’s, Newfoundland
Altius Provides 3rd Quarter 2022 Project Generation Update
Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius”, the “Company”, or the “Corporation”)
is pleased to provide an update on its Project Generati on (“PG”) business activities and its public junior
equities portfolio. The market value of equities in the portfolio as of September 30, 2022 was $43.5 million,
compared to $47.4 million as of June 30, 2022.
An updated list of the Company’s public equity hold ings has been posted to the Altius website at
http://altiusminerals.com/projects/junior-equities.
Portfolio and Project Highlights
Orogen Royalties Inc. (OGN: TSX-V) reported its Q2 2022 financial results highlighted by $960,000 in
quarterly royalty revenue from its paying 2% net sm elter return (“NSR”) royalty on the Ermitaño mine and
announced other property sale agreements during the quarter. Altius and Orogen also announced an
exploration alliance focuse d on generating gold projects similar to the Silicon gold project in the Walker
Lane district of Nevada.
AbraSilver Resource Corp. (ABRA: TSX-V) continues to report favorable drill results and progress at
their flagship Diablillos silver-gold project in Argentina including 127 metres (“m”) of 506 g/t Ag and 1.99 g/t
Au representing the highest silver grade-thickness intercept from the deposit.
Callinex Mines Inc. (CNX: TSX-V) (“Callinex”) recently reported infill drill results of up to 33.67 m of 4.29%
Cu, 0.22 g/t Au, 4.63 g/t Ag, and 0.31 % Zn, in addition to encouraging step out holes, from the Pine Bay
Project near Flin Flon, Manitoba. Callinex continues to work towards reporting a maiden resource estimate
for the Rainbow deposit. In addition to an equity stake in Callinex, Altius also retains a royalty buyback
purchase right to a 0.5% NSR for $500,000 covering the Pine Bay Project.
Gungnir Resources Inc. (GUG: TSX-V) updated ongoing drilling progress from its Lappvattnet nickel
sulphide project in Sweden that included an intercept of 2.14% Ni over 3.3 m.
High Tide Resources Corp. (HTRC: CSE) announced encouraging results from multiple drill holes on its
ongoing drill program at its Labrador West Iron project, including 205.16 m of 32.06% Fe, as it works
towards calculating a maiden resource estimate later this year.
Lara Exploration Ltd. (LRA: TSX-V) recently released results of seven follow-up drill holes from the
Cupuzeiro target at the Planalto project in Brazil, highlighted by an intersection of 380.79 m of 0.53% Cu,
including two zones of higher-grade mineralization: 78.81 m grading 1.08% Cu from 17.8 m, and 40.4 m at
1.31% Cu from 121.68 m downhole.
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.
TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation
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 sustaina bility-related global growth trends including the electricit y 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 47,616,297 common shares issued and outstanding that are listed on Canada’s
Toronto Stock Exchange. It is included in each of the S&P/T SX Small Cap, the S&P/TSX Global Mining,
and the S&P/TSX Canadian Dividend Aristocrats 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