Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Copper

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 greenandgoldon Feb 08, 2011 6:35pm

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Post# 18097679

Millrock update

I love what's happening with Altius' deal with Millrock. In exchange for Altius investing in Millrock (at 22 cents and 30 cents) Millrock would explore, joint venture and leave Altius with new 2% NSRs on a bunch of Alaska gold properties. Now that Millrock's stock price is up to 85 cents, Altius has nearly tripled its original investment traches (and holds 3.4 million warrants to buy Millrock at 45 cents). Millrock created the following NSR's for Altius:

2% NSR on the Cristo property where Brixton Metals is funding exploration.
2% NSR on part of the Humble property where Kinross is funding exploration.

Cristo seems to Brixton's main property so it should get plenty of attention. And Kinross is obviously a very experienced and successful company so that's a good sign. Both of these properties are in the same terrain where the monstrous Pebble deposit (55 billion pounds of copper, 67 million ounces of gold) was discovered.

These are two free lottery tickets paid for by a modest equity investment that has already tripled. Brilliant.

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