Skip to content

Altius Minerals Announces Project Generation Business and Equity Portfolio Updates for Year-End 2023

Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) has announced an update on its Project Generation business activities and its public junior equities portfolio as of year-end 2023. The portfolio’s market value rose slightly to $45.1 million from the previous quarter’s $44.6 million.

Investment Highlights and Portfolio Growth

Altius invested $1.6 million in new cash-based investments over the year, while also acquiring shares valued at $2.8 million through property sales agreements. The company realized $1.2 million from the sale of equities within its portfolio.

Project Generation Portfolio: Key Developments

Altius remains heavily invested in Orogen Royalties with a 16.5% stake, and witnessed Orogen’s achievement in royalty revenue and project advancements. Notably, Adventus Mining Corp. completed its environmental consultation for the El Domo-Curipamba project, paving the way for a significant step in its development journey.

Wolfden Resources Corp. engaged in strategic community activities while progressing its Pickett Mountain project, with a decisive outcome expected from the Maine LUPC early in 2024. Latitude Uranium Inc. advanced by acquiring a significant property and transitioning to a new corporate structure amid sector growth.

AbraSilver Resource Corp. expanded its silver-gold resource base and entered into strategic agreements to explore and develop new projects. Churchill Resources focused on advancing its nickel projects and boosted its financial position through a successful financing round.

Operational Insights and Market Alignments

Dr. Lawrence Winter, VP of Exploration for Altius, provided insights into the substantial exploration efforts undertaken across various projects. Altius’s strategy continues to align with global sustainability trends, positioning the company to leverage increasing demands for essential commodities.

Contact Information

For any inquiries, contact Chad Wells or Flora Wood using the provided direct line.

The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

The image is randomly selected and doesn’t necessarily represent the company or the news below.

Click here for more Company News