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Altius Minerals Corporation Disposes Shares of Churchill Resources

Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) announced on June 24, 2024, that it disposed of 10,000,000 common shares of Churchill Resources Inc. (TSXV:CRI) at $0.05 per share for gross proceeds of $500,000.

Altius Decreases Holdings in Churchill Resources

The disposed shares represent a decrease of approximately 7.1% in Altius’s holdings. Before the transaction, Altius held 17,838,815 shares, or about 12.6% of Churchill’s outstanding shares. Following the transaction, Altius owns 7,838,815 shares, representing 5.5% of the outstanding shares. This means Altius is no longer a reporting insider.

Ordinary Business Activity

Altius sold the common shares as part of its ordinary business activities and investment purposes. Depending on market conditions, Altius may adjust its holdings in the future.

Early Warning Report Filing

An early warning report regarding the disposition has been filed under Churchill’s issuer profile on SEDAR+. Altius’s head office is located at 38 Duffy Place, St John’s, NL.

About Altius Minerals Corporation

Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) aims for per share growth through a diversified portfolio of royalty assets connected to long-life, high-margin operations. The company benefits from global sustainability trends and runs a Project Generation business, selling mineral projects for equity and royalties. Altius’s common shares are listed on the Toronto Stock Exchange.

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