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.

TSX:ALS - Post by User

Altius Minerals Corp

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Comment by PamplonaTraderon Jun 19, 2015 7:00am

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Post# 23847547

RE:RE:LIF amends articles

Einherjar wrote: From the annual shareholder meeting:

A resolution authorizing LIORC to invest in metal or mineral royalties was not approved by the requisite 75% vote of shareholders.

Final results on all matters voted at the annual meeting will be filed shortly with the Canadian securities regulators.

SOURCE Labrador Iron Ore Royalty Corporation

New competition is off the table!

The resolution was very narrowly defeated. I suspect alot of the volume buying on the news was $OR upping their stake in $LIF to make another run at amending the articles. In my mind, $OR wants to use $LIF as a means to consolidate the non-PM royalty space. Their equity in $LIF is not only gives them influence, it gives them exposure to a royalty space that has less competitors and more upside than PM royalties. It's several moves ahead, but I think $LIF is not just competition for $ALS but also a potential suitor.

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