Altius Minerals - Die Rohstoffperle (Seite 12)
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Altius Provides Project Generation Business F2017 Year End Summary and Outlook
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 8, 2017) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to provide a year-end summary and outlook for its Project Generation business. Altius has a unique royalty growth strategy that involves the specialist generation of mineral exploration projects for vend-out to various junior and senior mining companies - in exchange for royalties and other financial interests. Its team of exploration geologists and prospectors are based in various high-quality mining jurisdictions around the world. Beyond creating the potential for future cash-flowing royalties, the Project Generation business has a very profitable track record on a full cycle basis.
The portfolio of junior exploration companies created through the Project Generation business performed strongly during the year ended April 30, 2017. As a result of both market appreciation and the addition of new equities in exchange for exploration projects, this portfolio grew by 121%, from $20.2 million to $44.7 million. This portfolio market value is inclusive of cash generated from equity sales, less cash reinvestments, of approximately $11.3 million.
Over the course of the year we saw a cyclical sentiment shift occur that was marked by the first increase in exploration investment interest within the broader mining sector since 2010. During the preceding cyclical down-turn Altius's Project Generation business focused almost entirely on growing its diversified portfolio of prospective projects in numerous globally significant mining jurisdictions.
In response to the market improvements we adjusted our operating strategy by increasing efforts to advance projects to exploration vend-out and royalty agreements. This resulted in the completion of agreements covering 22 projects with a variety of junior and senior industry partners. This is the highest annual number of exploration project deals in our now almost 20-year history. Meanwhile, the team continues to advance additional projects towards agreements and to generate new projects globally.
All 22 of the dealt projects were made subject to retained royalties, which offer significant long-term option value to our shareholders. Our current estimate of third party exploration spending in the year ahead on these and other previously dealt projects is approximately $9 million, including several exploration drilling programs. Significant additional third party investments are also anticipated for feasibility through development stage work on projects that are subject to Altius royalties.
Highlights:
Option-based sale of the Wilding Lake gold project in Newfoundland to Antler Gold (TSX-V:ANTL) for 4.5 million common shares and a retained 2% net smelter return (NSR) project royalty;
Option-based sale of the Vidalita gold project in Chile to Emu NL (ASX:EMU) for up to 15 million Emu common shares (with 2.5 million issued on signing and shareholder approval) and a retained 1% NSR royalty;
Option-based sale of the Telkwa metallurgical coal project in British Columbia to Allegiance Coal (ASX:AHQ) for 10,956,982 common shares (approximately 6%) and a retained 3 to 4.5% gross sales return (GSR) royalty;
Vend-in of an extensive portfolio of zinc exploration projects in Ireland and Eastern Canada to Adventus Zinc Corporation (TSX VENTURE:ADZN) for 7.6 million common shares (approximately 17%) and retained 2% NSR royalties.
Option-based sale of the Gibson gold-silver project in British Columbia to CANEX Metals Inc (TSX VENTURE:CANX) for staged common share payments totaling 3.545 million shares (approximately 14%) and a 1.5% NSR retained royalty.
Option-based sale of six gold projects in Newfoundland to Antler Gold for 980,000 Antler common shares (increasing Altius's total shareholding in Antler to 5,480,000 shares or 19.9%) and a retained 2% NSR royalty on each project;
Option/earn-in agreement for the Southwest Cork copper project in Ireland with First Quantum Minerals Ltd. ("FQM") with an 80% owned Irish subsidiary of Altius. FQM may earn up to 75% of the project by making staged cash payments of $325,000 and conducting US$6,250,000 in exploration work over 7 years. Altius will directly retain a 2% NSR royalty on the project.
For more information on Altius projects please visit www.altiusminerals.com.
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 8, 2017) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to provide a year-end summary and outlook for its Project Generation business. Altius has a unique royalty growth strategy that involves the specialist generation of mineral exploration projects for vend-out to various junior and senior mining companies - in exchange for royalties and other financial interests. Its team of exploration geologists and prospectors are based in various high-quality mining jurisdictions around the world. Beyond creating the potential for future cash-flowing royalties, the Project Generation business has a very profitable track record on a full cycle basis.
The portfolio of junior exploration companies created through the Project Generation business performed strongly during the year ended April 30, 2017. As a result of both market appreciation and the addition of new equities in exchange for exploration projects, this portfolio grew by 121%, from $20.2 million to $44.7 million. This portfolio market value is inclusive of cash generated from equity sales, less cash reinvestments, of approximately $11.3 million.
Over the course of the year we saw a cyclical sentiment shift occur that was marked by the first increase in exploration investment interest within the broader mining sector since 2010. During the preceding cyclical down-turn Altius's Project Generation business focused almost entirely on growing its diversified portfolio of prospective projects in numerous globally significant mining jurisdictions.
In response to the market improvements we adjusted our operating strategy by increasing efforts to advance projects to exploration vend-out and royalty agreements. This resulted in the completion of agreements covering 22 projects with a variety of junior and senior industry partners. This is the highest annual number of exploration project deals in our now almost 20-year history. Meanwhile, the team continues to advance additional projects towards agreements and to generate new projects globally.
All 22 of the dealt projects were made subject to retained royalties, which offer significant long-term option value to our shareholders. Our current estimate of third party exploration spending in the year ahead on these and other previously dealt projects is approximately $9 million, including several exploration drilling programs. Significant additional third party investments are also anticipated for feasibility through development stage work on projects that are subject to Altius royalties.
Highlights:
Option-based sale of the Wilding Lake gold project in Newfoundland to Antler Gold (TSX-V:ANTL) for 4.5 million common shares and a retained 2% net smelter return (NSR) project royalty;
Option-based sale of the Vidalita gold project in Chile to Emu NL (ASX:EMU) for up to 15 million Emu common shares (with 2.5 million issued on signing and shareholder approval) and a retained 1% NSR royalty;
Option-based sale of the Telkwa metallurgical coal project in British Columbia to Allegiance Coal (ASX:AHQ) for 10,956,982 common shares (approximately 6%) and a retained 3 to 4.5% gross sales return (GSR) royalty;
Vend-in of an extensive portfolio of zinc exploration projects in Ireland and Eastern Canada to Adventus Zinc Corporation (TSX VENTURE:ADZN) for 7.6 million common shares (approximately 17%) and retained 2% NSR royalties.
Option-based sale of the Gibson gold-silver project in British Columbia to CANEX Metals Inc (TSX VENTURE:CANX) for staged common share payments totaling 3.545 million shares (approximately 14%) and a 1.5% NSR retained royalty.
Option-based sale of six gold projects in Newfoundland to Antler Gold for 980,000 Antler common shares (increasing Altius's total shareholding in Antler to 5,480,000 shares or 19.9%) and a retained 2% NSR royalty on each project;
Option/earn-in agreement for the Southwest Cork copper project in Ireland with First Quantum Minerals Ltd. ("FQM") with an 80% owned Irish subsidiary of Altius. FQM may earn up to 75% of the project by making staged cash payments of $325,000 and conducting US$6,250,000 in exploration work over 7 years. Altius will directly retain a 2% NSR royalty on the project.
For more information on Altius projects please visit www.altiusminerals.com.
Altius Executes Three Additional Project Option Agreements Covering Eight Projects
Seven deals involving 22 base and precious metal projects executed fiscal year-to-date
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - April 4, 2017) - Altius Minerals Corp. ("Altius") (TSX:ALS) is pleased to report that it has completed three new agreements covering eight exploration projects from its project generation portfolio. This brings the total number of exploration projects that it has structured into equity/option and royalty agreements to 22 over the past 11 months. It is anticipated that partner-funded drilling programs in Canada, the Republic of Ireland and Chile will occur in 2017 and that further details will be provided as partner budgets are finalized.
NEW AGREEMENTS
Newfoundland, Canada - Gold. Antler Gold Inc. ("Antler") (TSX VENTURE:ANTL) has optioned six projects covering 41,325 hectares located along the projection of the major structural corridor hosting gold mineralization at Antler's Wilding Lake Project (acquired from Altius in September 2016) and Marathon Gold's Valentine Lake Project.
Antler has recently reported channel sample assay results from the 2016 trenching program at Wilding Lake with highlights including 6.0 g/t Au over 8.5 m, 8.7 g/t Au over 6.7 m, and 49.3 g/t Au over 4.6 m from the Alder-Taz zone.
In consideration Altius is to receive an additional 980,000 Antler common shares (increasing Altius's total shareholding in Antler to 5,480,000 shares or 19.9%) while retaining 2% NSR royalties over the new projects. Antler has committed to fund a minimum of $300,000 in exploration expenditures on the additional projects within the first year.
British Columbia, Canada - Gold-Silver. Canex Metals Inc. ("Canex") (TSX VENTURE:CANX) has optioned Altius's 887 hectare Gibson Gold-Silver Project in central BC.
The Gibson Project features historic channel sampling of quartz breccia veins in altered volcanic rocks that returned values of 12.86 g/t Au and 144.7 g/t Ag over 1.5 meters and 5.35 g/t Au and 2136 g/t Ag over 1.7 meters. A nine-hole drill program reported from 1991 intersected significant and widespread alteration and mineralization with the best reported intersection of 6.77 g/t Au and 1,828 g/t Ag over 4.3 m. No subsequent drilling or trenching has been reported since and the 1.7 km zone remains open.
As consideration, Altius is to receive payments totaling up to 3,545,000 common shares in Canex staged over 18 months (1,125,000 on signing), resulting in a 16.5% equity stake in Canex. A further milestone based share payment of 1,275,000 shares is to be delivered to Altius upon the successful delineation of gold resources on the Gibson project amounting to measured and indicated resources of 1 million ounces gold equivalent. Altius will retain an effective 1.5% NSR royalty and preferential rights on any future royalties or streams granted on the Property as well as a pro rata right to participate in future equity financings of Canex for two years. Canex has committed to fund a minimum of $500,000 in exploration expenditures over the first 18 months.
Republic of Ireland - Copper. First Quantum Minerals Ltd. ("FQM") has executed a Letter of Intent with an 80% owned Irish subsidiary of Altius ("AEL") to explore and develop the early stage 110,000 hectare Southwest Cork sediment-hosted copper project in Ireland.
Limited historic drilling, undertaken by previous operators exploring predominantly for barite, reported intersections of up to 6.1 m of 1.7% Cu. Subsequent work by AEL identified widespread mineralization and alteration styles that are suggestive of a previously unrecognized sediment hosted copper mineralizing system. Work is underway along an 85 kilometre long prospective zone to refine targets for follow up.
Under the Letter of Intent FQM will make an initial cash payment of US$25,000 and has committed to spend US$250,00 on a reconnaissance work program by August 2017. FQM will have an option until December 2017 to enter an earn-in/joint venture agreement whereby it may earn up to 75% of the project by conducting US$6,000,000 in exploration work and making staged cash payments of $300,000 over 7 years. FQM will have the additional option to earn up to a 90% interest by reporting a "Decision to Mine" and making a US$500,000 payment to AEL. Altius will directly retain a 2% NSR royalty on the project.
Project Generation. Altius has been extremely active in developing a diversified exploration project portfolio, particularly during the mining industry's most recent cyclical downturn, and now controls approximately 1.7 million hectares of mineral rights in Canada, the United States, Finland, the Republic of Ireland, Australia and Chile, while continuing to generate innovative new projects. The company's objective is to attract quality partners to these projects via sales or earn-in/joint venture and royalty agreements. More information on Altius projects can be found at www.altiusminerals.com.
Seven deals involving 22 base and precious metal projects executed fiscal year-to-date
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - April 4, 2017) - Altius Minerals Corp. ("Altius") (TSX:ALS) is pleased to report that it has completed three new agreements covering eight exploration projects from its project generation portfolio. This brings the total number of exploration projects that it has structured into equity/option and royalty agreements to 22 over the past 11 months. It is anticipated that partner-funded drilling programs in Canada, the Republic of Ireland and Chile will occur in 2017 and that further details will be provided as partner budgets are finalized.
NEW AGREEMENTS
Newfoundland, Canada - Gold. Antler Gold Inc. ("Antler") (TSX VENTURE:ANTL) has optioned six projects covering 41,325 hectares located along the projection of the major structural corridor hosting gold mineralization at Antler's Wilding Lake Project (acquired from Altius in September 2016) and Marathon Gold's Valentine Lake Project.
Antler has recently reported channel sample assay results from the 2016 trenching program at Wilding Lake with highlights including 6.0 g/t Au over 8.5 m, 8.7 g/t Au over 6.7 m, and 49.3 g/t Au over 4.6 m from the Alder-Taz zone.
In consideration Altius is to receive an additional 980,000 Antler common shares (increasing Altius's total shareholding in Antler to 5,480,000 shares or 19.9%) while retaining 2% NSR royalties over the new projects. Antler has committed to fund a minimum of $300,000 in exploration expenditures on the additional projects within the first year.
British Columbia, Canada - Gold-Silver. Canex Metals Inc. ("Canex") (TSX VENTURE:CANX) has optioned Altius's 887 hectare Gibson Gold-Silver Project in central BC.
The Gibson Project features historic channel sampling of quartz breccia veins in altered volcanic rocks that returned values of 12.86 g/t Au and 144.7 g/t Ag over 1.5 meters and 5.35 g/t Au and 2136 g/t Ag over 1.7 meters. A nine-hole drill program reported from 1991 intersected significant and widespread alteration and mineralization with the best reported intersection of 6.77 g/t Au and 1,828 g/t Ag over 4.3 m. No subsequent drilling or trenching has been reported since and the 1.7 km zone remains open.
As consideration, Altius is to receive payments totaling up to 3,545,000 common shares in Canex staged over 18 months (1,125,000 on signing), resulting in a 16.5% equity stake in Canex. A further milestone based share payment of 1,275,000 shares is to be delivered to Altius upon the successful delineation of gold resources on the Gibson project amounting to measured and indicated resources of 1 million ounces gold equivalent. Altius will retain an effective 1.5% NSR royalty and preferential rights on any future royalties or streams granted on the Property as well as a pro rata right to participate in future equity financings of Canex for two years. Canex has committed to fund a minimum of $500,000 in exploration expenditures over the first 18 months.
Republic of Ireland - Copper. First Quantum Minerals Ltd. ("FQM") has executed a Letter of Intent with an 80% owned Irish subsidiary of Altius ("AEL") to explore and develop the early stage 110,000 hectare Southwest Cork sediment-hosted copper project in Ireland.
Limited historic drilling, undertaken by previous operators exploring predominantly for barite, reported intersections of up to 6.1 m of 1.7% Cu. Subsequent work by AEL identified widespread mineralization and alteration styles that are suggestive of a previously unrecognized sediment hosted copper mineralizing system. Work is underway along an 85 kilometre long prospective zone to refine targets for follow up.
Under the Letter of Intent FQM will make an initial cash payment of US$25,000 and has committed to spend US$250,00 on a reconnaissance work program by August 2017. FQM will have an option until December 2017 to enter an earn-in/joint venture agreement whereby it may earn up to 75% of the project by conducting US$6,000,000 in exploration work and making staged cash payments of $300,000 over 7 years. FQM will have the additional option to earn up to a 90% interest by reporting a "Decision to Mine" and making a US$500,000 payment to AEL. Altius will directly retain a 2% NSR royalty on the project.
Project Generation. Altius has been extremely active in developing a diversified exploration project portfolio, particularly during the mining industry's most recent cyclical downturn, and now controls approximately 1.7 million hectares of mineral rights in Canada, the United States, Finland, the Republic of Ireland, Australia and Chile, while continuing to generate innovative new projects. The company's objective is to attract quality partners to these projects via sales or earn-in/joint venture and royalty agreements. More information on Altius projects can be found at www.altiusminerals.com.
The Altius Minerals Co. (ALS) Rating Reiterated by TD Securities
March 24, 2017
TD Securities reissued their buy rating on shares of Altius Minerals Co. (TSE:ALS) in a research report released on Friday morning. TD Securities currently has a C$16.50 price target on the stock.
Separately, Scotiabank reissued a sector perform rating and issued a C$13.50 price target on shares of Altius Minerals in a research note on Tuesday, February 28th.
March 24, 2017
TD Securities reissued their buy rating on shares of Altius Minerals Co. (TSE:ALS) in a research report released on Friday morning. TD Securities currently has a C$16.50 price target on the stock.
Separately, Scotiabank reissued a sector perform rating and issued a C$13.50 price target on shares of Altius Minerals in a research note on Tuesday, February 28th.
Altius Reports Third Quarter Financial Results; Declares Quarterly Dividend
Wed March 15, 2017 4:45 PM|Marketwire
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 03/15/17 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports attributable revenue(1) for the three months ended January 31, 2017 of $14,535,000 or $0.34 per share and adjusted EBITDA(2) of $11,262,000 or $0.26 per share compared to attributable revenue of $7,301,000 or $0.18 per share and adjusted EBITDA of $6,273,000 or $0.16 per share for the prior year comparable period. This represents a new quarterly attributable revenue record and is a 46% increase over the second quarter ended October 31, 2016 and 99% over last year's comparable quarter ended January 31, 2016.
Year to date, the Corporation has recorded attributable revenue of $32,911,000 (2016 - $25,620,000) and adjusted EBITDA of $24,451,000 (2016 - $18,843,000).
The net loss for the quarter was $67,293,000, or $1.55 per share, compared to a net loss of $16,794,000, or $0.42 per share, for the comparable prior year quarter. The year to date net loss is $64,046,000 (2016 - $18,479,000).
The increased quarterly and year to date revenue is as a result of higher realized prices for copper, zinc and metallurgical coal, the first full quarter of revenue from the Chapada copper stream, improved potash royalty production volumes and mine sequencing based volume increases from its thermal coal royalties. These revenue increases were partially offset by lower realized potash prices and a nil payment related to the Voisey's Bay royalty.
The higher quarterly and annual net losses result largely from the previously reported recognition of a non-cash impairment charge of $72,001,000 for the Corporation's Genesee royalty interest during the quarter. This decision was made in response to policy changes in the province of Alberta that are intended to phase out coal fired electrical generation by 2030.
A summary of the financial results is included in the following table.
----------------------------------------------------------------------------
For the three months For the nine months
(in Canadian dollars) ended January 31, ended January 31,
---------------------------------------------------
2017 2016 2017 2016
$ $ $ $
Attributable revenue (1) 14,535,000 7,301,000 32,911,000 25,620,000
Adjusted EBITDA (1) 11,262,000 6,273,000 24,451,000 18,843,000
Net earnings (loss)
attributable to common
shareholders (67,293,000) (16,794,000) (63,903,000) (18,476,000)
Basic and diluted per
share
Attributable revenue 0.34 0.18 0.76 0.64
Adjusted EBITDA 0.26 0.16 0.56 0.47
Net earnings (loss)
per share (1.55) (0.42) (1.47) (0.46)
Total assets 403,904,000 422,252,000 403,904,000 422,252,000
Total liabilities 106,301,000 93,482,000 106,301,000 91,482,000
Cash dividends declared
& paid to shareholders 1,300,000 1,198,000 3,904,000 3,594,000
----------------------------------------------------------------------------
Additional information on the Corporation's results of operations is included in the Corporation's MD&A, and Financial Statements, which were filed on SEDAR today and are also available on the Corporation's website at www.altiusminerals.com.
The Corporation also confirms that its board of directors has declared a cash dividend on its common shares of three cents per common share to all shareholders of record at the close of business on April 6, 2017. The dividend is expected to be paid on or about April 20, 2017.
The declaration, timing and payment of future dividends will largely depend on the Corporation's financial results as well as other factors. Dividends paid by Altius (ATUSF) are eligible dividends for Canadian income tax purposes unless otherwise stated.
A conference call will also be held to discuss the Q3 F2017 financial results as detailed below.
Fiscal 2017 Third Quarter Financials Call Information:
Time: 9:30 a.m. EST on Thursday, March 16, 2017
Dial-In Numbers: +1 (844) 473-0974 (Canada)
+1 (480) 696-7316 (International)
Pass code: 77397391
Conference Title: Altius Q3 - F2017
Webcast URL: http://edge.media-server.com/m/p/tzgaegah
The call will be webcast and archived on the Corporation's website for a limited time.
Wed March 15, 2017 4:45 PM|Marketwire
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 03/15/17 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports attributable revenue(1) for the three months ended January 31, 2017 of $14,535,000 or $0.34 per share and adjusted EBITDA(2) of $11,262,000 or $0.26 per share compared to attributable revenue of $7,301,000 or $0.18 per share and adjusted EBITDA of $6,273,000 or $0.16 per share for the prior year comparable period. This represents a new quarterly attributable revenue record and is a 46% increase over the second quarter ended October 31, 2016 and 99% over last year's comparable quarter ended January 31, 2016.
Year to date, the Corporation has recorded attributable revenue of $32,911,000 (2016 - $25,620,000) and adjusted EBITDA of $24,451,000 (2016 - $18,843,000).
The net loss for the quarter was $67,293,000, or $1.55 per share, compared to a net loss of $16,794,000, or $0.42 per share, for the comparable prior year quarter. The year to date net loss is $64,046,000 (2016 - $18,479,000).
The increased quarterly and year to date revenue is as a result of higher realized prices for copper, zinc and metallurgical coal, the first full quarter of revenue from the Chapada copper stream, improved potash royalty production volumes and mine sequencing based volume increases from its thermal coal royalties. These revenue increases were partially offset by lower realized potash prices and a nil payment related to the Voisey's Bay royalty.
The higher quarterly and annual net losses result largely from the previously reported recognition of a non-cash impairment charge of $72,001,000 for the Corporation's Genesee royalty interest during the quarter. This decision was made in response to policy changes in the province of Alberta that are intended to phase out coal fired electrical generation by 2030.
A summary of the financial results is included in the following table.
----------------------------------------------------------------------------
For the three months For the nine months
(in Canadian dollars) ended January 31, ended January 31,
---------------------------------------------------
2017 2016 2017 2016
$ $ $ $
Attributable revenue (1) 14,535,000 7,301,000 32,911,000 25,620,000
Adjusted EBITDA (1) 11,262,000 6,273,000 24,451,000 18,843,000
Net earnings (loss)
attributable to common
shareholders (67,293,000) (16,794,000) (63,903,000) (18,476,000)
Basic and diluted per
share
Attributable revenue 0.34 0.18 0.76 0.64
Adjusted EBITDA 0.26 0.16 0.56 0.47
Net earnings (loss)
per share (1.55) (0.42) (1.47) (0.46)
Total assets 403,904,000 422,252,000 403,904,000 422,252,000
Total liabilities 106,301,000 93,482,000 106,301,000 91,482,000
Cash dividends declared
& paid to shareholders 1,300,000 1,198,000 3,904,000 3,594,000
----------------------------------------------------------------------------
Additional information on the Corporation's results of operations is included in the Corporation's MD&A, and Financial Statements, which were filed on SEDAR today and are also available on the Corporation's website at www.altiusminerals.com.
The Corporation also confirms that its board of directors has declared a cash dividend on its common shares of three cents per common share to all shareholders of record at the close of business on April 6, 2017. The dividend is expected to be paid on or about April 20, 2017.
The declaration, timing and payment of future dividends will largely depend on the Corporation's financial results as well as other factors. Dividends paid by Altius (ATUSF) are eligible dividends for Canadian income tax purposes unless otherwise stated.
A conference call will also be held to discuss the Q3 F2017 financial results as detailed below.
Fiscal 2017 Third Quarter Financials Call Information:
Time: 9:30 a.m. EST on Thursday, March 16, 2017
Dial-In Numbers: +1 (844) 473-0974 (Canada)
+1 (480) 696-7316 (International)
Pass code: 77397391
Conference Title: Altius Q3 - F2017
Webcast URL: http://edge.media-server.com/m/p/tzgaegah
The call will be webcast and archived on the Corporation's website for a limited time.
http://www.bnn.ca/video/altius-minerals-to-get-deeper-pocket…
Altius Minerals to get deeper pockets with Fairfax investment
Altius Minerals is expected to get deeper pockets after an investment deal with Fairfax Financial Holdings. We speak with Brian Dalton, president and CEO at Altius Minerals on how his company will intend to use the funds and why investors should choose Altius over other streaming companies.
Altius Minerals to get deeper pockets with Fairfax investment
Altius Minerals is expected to get deeper pockets after an investment deal with Fairfax Financial Holdings. We speak with Brian Dalton, president and CEO at Altius Minerals on how his company will intend to use the funds and why investors should choose Altius over other streaming companies.
Trading Spotlight
blowout quarter...aber achtung, es wurde schon vorher ein impairment angekündigt um die provinz alberta auf schadenersatz wegen des genesse royalty zur kasse bitten zu können
Altius Reports Record Quarterly Royalty Revenue
Release of Q3 Financial Results March 15, 2017
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 27, 2017) - Altius Minerals Corporation ("Altius") reports that it will release its fiscal 2017 third quarter results on Wednesday, March 15, after the close of market.
Altius expects to report royalty revenue for the third quarter ended January 31 of approximately $14.5 million. This represents a new quarterly record and is a 46% increase over the second quarter ended October 31 and 99% over last year's comparable quarter ended January 31.
A conference call will be held on Thursday March 16, 2017, starting at 9:30 a.m. EST to further discuss the third quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast on-line as detailed below.
Fiscal 2017 Third Quarter Financials Call Information:
Time: 9.30 a.m. EST on Thursday, March 16, 2017
Dial-In Numbers: +1 (844) 473-0974 (Canada)
+1 (480) 696-7316 (International)
Pass code: 33465345
Conference Title: Altius Q3- F2017
Webcast URL: http://edge.media-server.com/m/p/8bkueney
The call will be webcast and archived on the Corporation's website for a limited time.
Release of Q3 Financial Results March 15, 2017
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 27, 2017) - Altius Minerals Corporation ("Altius") reports that it will release its fiscal 2017 third quarter results on Wednesday, March 15, after the close of market.
Altius expects to report royalty revenue for the third quarter ended January 31 of approximately $14.5 million. This represents a new quarterly record and is a 46% increase over the second quarter ended October 31 and 99% over last year's comparable quarter ended January 31.
A conference call will be held on Thursday March 16, 2017, starting at 9:30 a.m. EST to further discuss the third quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast on-line as detailed below.
Fiscal 2017 Third Quarter Financials Call Information:
Time: 9.30 a.m. EST on Thursday, March 16, 2017
Dial-In Numbers: +1 (844) 473-0974 (Canada)
+1 (480) 696-7316 (International)
Pass code: 33465345
Conference Title: Altius Q3- F2017
Webcast URL: http://edge.media-server.com/m/p/8bkueney
The call will be webcast and archived on the Corporation's website for a limited time.
Antwort auf Beitrag Nr.: 54.410.239 von KMST am 25.02.17 13:13:08
nur mal Eine Frage:
das riesen Kohle/Potash Portfolio Was Die sich vor Einiger Zeit(2,3 Jahre?)aufgeladen haben Die immer noch?
nur mal Eine Frage:
das riesen Kohle/Potash Portfolio Was Die sich vor Einiger Zeit(2,3 Jahre?)aufgeladen haben Die immer noch?
bin mal gespannt was altius mit der kohle vor hat...ich denke erstmal die schulden werden jetzt beschleunigt bedient werden. nach projekten sieht man sich ja sowieso immer um. bei orion mining finance stehen paar royalties zum verkauf. dort könnte auch was für altius dabei sein. und paar mehr dollars werden sicherlich auch in die hausinternen projekte für die sommersaison gesteckt
Fairfax Financial Holdings to Make Strategic Investment into Altius Minerals
Financing
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 24, 2017) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to announce that it has entered into a letter agreement pursuant to which Fairfax Financial Holdings Limited, through certain of its subsidiaries (collectively, "Fairfax"), will make an up to $100 million investment in Altius in exchange for the issuance by Altius of preferred securities and warrants.
Fairfax has agreed to subscribe, on a private placement basis, for 5% preferred securities in an aggregate amount of $100 million, issuable in tranches of not less than $25 million. Altius intends to close an initial subscription of $25 million, and has sole discretion with respect to additional subscriptions by Fairfax for the remaining $75 million in minimum tranche sizes of $25 million by no later than December 31, 2017. The preferred securities will be subordinate secured and have no fixed maturity date but may be redeemed by Altius at any time after 5 years from closing, or after 3 years if its common shares are trading at a price of at least $24 per share.
Altius has also agreed to issue 6,670,000 common share purchase warrants, exercisable at $15 per share. Warrants will vest proportionately based on the aggregate amount of preferred securities drawn by Altius under the private placement. Each vested warrant will be exercisable within 5 years, but may be extended to 7 years if the closing price of the Altius common shares is less than $24 on the fifth anniversary of the initial closing. Altius can also elect to require early exercise of the warrants if the closing price of its common shares reaches $24 at any time after the third anniversary of the initial closing.
The proceeds raised from the Fairfax financing will be used by Altius for investing in opportunities it identifies within the mining and minerals sector and for general corporate purposes.
Fairfax will have the right to nominate one director to the board of directors of Altius.
Altius CEO Brian Dalton commented, "Fairfax's 30-year record of growth is nothing short of iconic and we are both honoured and motivated by this endorsement. This deal provides Altius with an attractive new source of long-term capital and, perhaps more importantly, access to Fairfax's remarkable strength and team experience as we continue to pursue our long-term objectives."
Prem Watsa, Chairman and CEO of Fairfax, added, "Altius is establishing an impressive entrepreneurial growth record within the Canadian mining sector and has created an excellent base of long-term assets to now build upon. We are delighted to be working with and supporting the Altius team at such an exciting time in its development."
Closing of the transaction is subject to the settlement of mutually agreeable definitive documentation, and other customary closing conditions, including the approval of the TSX and receipt of all other requisite third party approvals.
About Altius
Altius directly and indirectly holds diversified royalties and streams that generate revenue from 15 operating mines. These are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and metallurgical coal. The portfolio also includes numerous pre-development stage royalties covering a wide spectrum of mineral commodities and jurisdictions. In addition, Altius holds a large portfolio of exploration stage projects which it has generated for deal making with industry partners that results in newly created royalties and equity and minority interests.
Altius has 43,335,654 shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Financing
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Feb. 24, 2017) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to announce that it has entered into a letter agreement pursuant to which Fairfax Financial Holdings Limited, through certain of its subsidiaries (collectively, "Fairfax"), will make an up to $100 million investment in Altius in exchange for the issuance by Altius of preferred securities and warrants.
Fairfax has agreed to subscribe, on a private placement basis, for 5% preferred securities in an aggregate amount of $100 million, issuable in tranches of not less than $25 million. Altius intends to close an initial subscription of $25 million, and has sole discretion with respect to additional subscriptions by Fairfax for the remaining $75 million in minimum tranche sizes of $25 million by no later than December 31, 2017. The preferred securities will be subordinate secured and have no fixed maturity date but may be redeemed by Altius at any time after 5 years from closing, or after 3 years if its common shares are trading at a price of at least $24 per share.
Altius has also agreed to issue 6,670,000 common share purchase warrants, exercisable at $15 per share. Warrants will vest proportionately based on the aggregate amount of preferred securities drawn by Altius under the private placement. Each vested warrant will be exercisable within 5 years, but may be extended to 7 years if the closing price of the Altius common shares is less than $24 on the fifth anniversary of the initial closing. Altius can also elect to require early exercise of the warrants if the closing price of its common shares reaches $24 at any time after the third anniversary of the initial closing.
The proceeds raised from the Fairfax financing will be used by Altius for investing in opportunities it identifies within the mining and minerals sector and for general corporate purposes.
Fairfax will have the right to nominate one director to the board of directors of Altius.
Altius CEO Brian Dalton commented, "Fairfax's 30-year record of growth is nothing short of iconic and we are both honoured and motivated by this endorsement. This deal provides Altius with an attractive new source of long-term capital and, perhaps more importantly, access to Fairfax's remarkable strength and team experience as we continue to pursue our long-term objectives."
Prem Watsa, Chairman and CEO of Fairfax, added, "Altius is establishing an impressive entrepreneurial growth record within the Canadian mining sector and has created an excellent base of long-term assets to now build upon. We are delighted to be working with and supporting the Altius team at such an exciting time in its development."
Closing of the transaction is subject to the settlement of mutually agreeable definitive documentation, and other customary closing conditions, including the approval of the TSX and receipt of all other requisite third party approvals.
About Altius
Altius directly and indirectly holds diversified royalties and streams that generate revenue from 15 operating mines. These are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and metallurgical coal. The portfolio also includes numerous pre-development stage royalties covering a wide spectrum of mineral commodities and jurisdictions. In addition, Altius holds a large portfolio of exploration stage projects which it has generated for deal making with industry partners that results in newly created royalties and equity and minority interests.
Altius has 43,335,654 shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
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