Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

Altius Minerals Corporation is a mineral royalty, renewable energy royalty and mineral project generation company. The Company holds royalty interests in approximately 12 operating mines located across Canada and Brazil that produces copper, zinc, nickel, cobalt, potash, iron ore and thermal (electrical) coal. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. Its Mineral Royalties segment consists of the acquisition and management of producing and development stage royalty and streaming interests. Its Project Generation segment consists of acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. Its Renewable Royalties segments consists of majority interest holding in Altius Renewable Royalties Corp (ARR), which is focused on the acquisition and management of renewable energy investments and royalties.

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Altius Minerals Corp

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Post by droid8805on May 26, 2008 11:04am

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Post# 15109649

Vulcan Minerals update

Here is some interesting info from the latest MD&A from our other neighbours in the St Georges basin:

Flat Bay Potash/Salt
The Carboniferous aged strata of the Maritimes Basin is a significant producer of salt and potash. Presently there are three producing mines in Atlantic Canada: Sussex, New Brunswick - Potash Corporation of Saskatchewan (potash/salt); Pugwash, Nova Scotia - The Canadian Salt Company Limited (salt); Nappan Salt Mine, Nova Scotia - Sifto Canada Inc. (evaporation operation for salt). The Canadian market for road salt is approximately 3.2 - 4.5 million tonnes annually. The northeastern American market is believed to be of a similar size. The Company is in the process of evaluating the salt market for the Eastern Seaboard. The global market for potash has expanded rapidly due to emerging market demands and related alternative energy demands.
The Company owns the mineral rights (in addition to petroleum rights) over a portion of the northern Bay St. George Basin (approximately 100,000 acres). In 2002, the Company drilled 7
Captain Cook #1 which discovered a 165-meter thick section of evaporites consisting of halite (salt) and a potentially significant potash zone. In 2004 the Company drilled Flat Bay #2 well, which intersected approximately 200 metres of salt approximately 2 km from Captain Cook. Seismic data suggests that these discoveries are connected and that a significant salt/potash resource exists in the area. Assessment of the discoveries is ongoing through the use of the Company’s seismic data for mapping of the evaporitic rocks which contain the potash and salt. Recent market interest in potash will accelerate the Company’s evaluation of the resource.

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This junior mining stock offers billions in market exposure