Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in 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. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., 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 lhyneson Feb 01, 2006 11:28am

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Post# 10273545

Altius Michelin deposit

Excerpt from VOCM news department regarding Altius(Aurora)-Fronteer Michelin Uranium Deposit: Company Increases Estimated Size of Uranium Deposit February 1, 2006 Fronteer Development Group from Vancouver reports it has more then doubled its estimated uranium resource at Michelin Lake in Labrador. President, Dr. Mark O'Dea, says Roscoe Postle Associates have completed a new resource estimate for the Michelin deposit located in coastal Labrador. O'Dea says the deposit has increased from an historic resource of 18.3-million pounds to 22.2-million pounds with additional inferred resource of 13.4-million pounds, with the potential to increase even more. Fronteer will be spending several million dollars this year, commencing in late April, on another major drilling program. The price of uranium is trading in excess of $120.00 per tonne on the world market.

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