Altius Minerals - Die Rohstoffperle (Seite 14)

[KMST]

Altius Re-Establishes Normal Course Issuer Bid


ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Aug. 18, 2016) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to announce that it has re-instated its Normal Course Issuer Bid ("NCIB") and it may purchase at market price up to 2,171,282 common shares ("Shares"), being approximately 5% of its outstanding Shares of 43,425,654 as of August 11, 2016, by way of a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX"). The bid is subject to regulatory approval. The NCIB will commence August 22, 2016 and will end no later than August 21, 2017. Any Shares purchased during the NCIB will be cancelled and returned to treasury.

The TSX rules permit Altius to purchase daily, through TSX facilities, a maximum of 14,089 Shares under the NCIB. During the previous 12 months, Altius purchased a total of 100,000 Shares through a prior NCIB at a weighted average price of $8.15 per Share. The reason for the NCIB is that, in the opinion of the board of directors, the value of Altius, based on anticipated cash flows and underlying asset values, is from time to time greater than the then aggregate market price of the Shares and accordingly the acquisition of Shares under the NCIB represents an appropriate use of funds.

[madmas]

stabile Dividende :-)

[KMST]

Altius Minerals Corporation (TSX: ALS) Reports Annual Attributable Revenue of $33,085,000 and Adjusted EBITDA of $25,499,000; Declares Quarterly Dividend
Thu June 23, 2016 9:24 AM|Marketwire


ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 06/23/16 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports annual attributable revenue(1) of $33,085,000 or $0.83 per share and adjusted EBITDA(2) of $25,499,000 or $0.64 per share compared to attributable revenue of $28,808,000 or $0.90 per share and adjusted EBITDA of $22,881,000 or $0.71 per share for last year. The increases are largely attributable to growth in base metals royalty revenue as a result of the addition of the 777 Mine royalty to the Corporation's portfolio.

A net loss of $38,464,000 or $0.97 per share for the year ended April 30, 2016 compares a net loss of $30,211,000 or $0.94 per share for last year. The net loss is largely attributable to non-cash impairment charges on goodwill of $16,402,000, investment carrying values of $10,943,000, and the write-down of mineral properties of $5,723,000.

A summary of the financial results is included in the following table.

----------------------------------------------------------------------------
2016 2015
$ $
----------------------------------------------------------------------------
Royalty revenue
Base metals 9,653,000 2,523,000
Coal 15,240,000 17,889,000
Potash 6,155,000 6,707,000
Other 720,000 1,509,000
Interest and investment 1,317,000 180,000
----------------------------------------------------------------------------
Attributable revenue (1) 33,085,000 28,808,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net loss attributable to common shareholders (38,464,000) (30,211,000)
Net loss per share
basic and diluted (0.97) (0.94)
Total assets 411,492,000 355,891,000
Total liabilities 91,277,000 95,117,000
Cash dividends declared & paid to shareholders 4,789,000 647,000
----------------------------------------------------------------------------

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 wishes to confirm 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 July 6, 2016. The dividend is expected to be paid on or about July 20, 2016.

The declaration, timing, and payment of future dividends will largely depend on the Company's financial results as well as other factors. Dividends paid by Altius (ATUSF) are eligible dividends for Canadian income tax purposes unless otherwise stated.

Non-IFRS Measures

Attributable revenue and adjusted EBITDA is intended to provide additional information only and do not have any standardized meaning prescribed under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. For a reconciliation of these measures to various IFRS measures, please see below.

1. Attributable revenue is defined by the Corporation as total revenue from
the consolidated financial statements and the Corporation's
proportionate share of gross revenue in the joint ventures. The
Corporation's key decision makers use attributable royalty revenue and
related attributable royalty expenses as a basis to evaluate the
business performance. The attributable royalty revenue amounts, together
with as amortization of royalty interests, general and administrative
costs and mining tax, are not reported gross in the consolidated
statement of earnings (loss) since the royalty revenues are being
generated in a joint venture and IFRS 11 Joint Arrangements requires net
reporting as an equity pick up. The reconciliation to IFRS reports the
elimination of the attributable revenues and reconciles to the revenues
recognized in the consolidated statements of earnings (loss).
2. Adjusted EBITDA is defined by the Corporation as net earnings (loss)
before taxes, amortization, interest, non-recurring items, non-cash
amounts such as impairments, losses and gains, and share based
compensation. The Corporation also adjusts earnings in joint ventures to
reflect EBITDA on those assets which exclude amortization of royalty
interests as well as adjusting for any one time items. Adjusted EBITDA
is a useful measure of the performance of our business, especially for
demonstrating the impact that EBITDA in joint ventures have on the
overall business. Adjusted EBITDA identifies the cash generated in a
given period that will be available to fund the Corporation's future
operations, growth opportunities, shareholder dividends and to service
debt obligations.

Reconciliations to IFRS measures

Attributable revenue 2016 2015
----------------------------------------------------------------------------
$ $
Attributable revenue 33,085,000 28,808,000
Adjust: joint venture revenue (21,881,000) (26,127,000)
------------------------------
IFRS revenue per consolidated financial
statements 11,204,000 2,681,000
------------------------------
------------------------------
Adjusted EBITDA 2016 2015
----------------------------------------------------------------------------
$ $
(Loss) earnings before income taxes (39,880,000) (33,542,000)
Addback(deduct):
Amortization 8,410,000 481,000
Exploration and evaluation assets abandoned
or impaired 5,723,000 474,000
Share based compensation (share settled) 581,000 -
Interest on long-term debt 5,440,000 10,030,000
Loss (gain) on disposal of investments &
impairment recognition 4,713,000 (14,331,000)
Loss on disposal of subsidiary - 5,839,000
Unrealized (gain) loss on fair value
adjustment of derivatives (348,000) 2,540,000
Dilution (gain) on issuance of shares by
associates - (163,000)
Share of loss and impairment in associates 7,067,000 43,613,000
Earnings from joint ventures (4,552,000) (17,031,000)
Callinan related costs 210,000 -
LNRLP EBITDA 1,086,000 1,959,000
Prairie Royalties EBITDA 20,134,000 23,012,000
Impairment of goodwill 16,402,000 -
Foreign currency loss 513,000 -
------------------------------
Adjusted EBITDA 25,499,000 22,881,000
------------------------------
------------------------------
LNRLP EBITDA
Revenue 1,430,000 2,523,000
Less: mining taxes (344,000) (505,000)
Less: administrative charges - (59,000)
------------------------------
LNRLP Adjusted EBITDA 1,086,000 1,959,000
------------------------------
------------------------------
Prairie Royalties EBITDA
Revenue 20,451,000 23,609,000
Operating expenses (317,000) (597,000)
------------------------------
Prairie Royalties Adjusted EBITDA 20,134,000 23,012,000
------------------------------
------------------------------

[madmas]

Der Deal wurde erfolgreich abgeschlossen
http://altiusminerals.com/uploads/PR1606-equity-close.pdf
http://altiusminerals.com/uploads/PR1607-Chapada-Credit.pdf

und es gibt einen Brief an die Aktionäre anlässlich des Jahresabschluss:
http://altiusminerals.com/uploads/May-2016-Letter-to-Shareho…

[KMST]

Altius (TSX:ALS) Announces C$35 Million Bought Deal Financing

ST. JOHN'S, NEWFOUNDLAND--(Marketwired - April 13, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to announce it has entered into an agreement with a syndicate of underwriters bookrun by TD Securities Inc. and Scotiabank, pursuant to which they have agreed to purchase, on a bought-deal basis, 3,112,000 common shares of Altius at a price of C$11.25 per common share, for aggregate gross proceeds to Altius of approximately C$35 million (the "Offering"). The underwriters will also have the option, exercisable in whole or in part, at any time for a period of 30 days following the closing of the offering, to purchase up to an additional 466,800 common shares at the offering price to cover overallotments, if any, and for market stabilization purposes. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the offering to Altius will be approximately C$40 million.

Altius plans to use the net proceeds of the Offering to partially fund the previously announced copper purchase agreement entered into with a subsidiary of Yamana Gold Inc. in connection with Yamana's Chapada copper-gold mine in Brazil, as announced on March 31, 2016 and for general corporate purposes including repayment of debt and future acquisitions. Altius has paid US$8 million as an initial payment for this acquisition and the balance of US$52 million is due on or about May 3, 2016.

The common shares to be issued under the Offering will be offered by way of a short form prospectus in all of the provinces and territories of Canada and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act").

The Offering is scheduled to close on or about May 3, 2016 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange and applicable securities regulatory authorities.

[KMST]

How Altius Minerals Is Taking Advantage of Market Weakness

Source: Adrian Day (4/11/16)
Adrian Day Despite the bear market in resources, Altius Minerals has continued to make progress, according to Adrian Day of Adrian Day Asset Management. Day explains why the company remains one of his firm's top core holdings, and why more opportunities lie ahead.
Altius Three-Month ChartAltius Three-Month Chart
Altius Minerals Corp. (ALS:TSX.V, 11.81) has continued to make progress through the bear market in resources. Most recently, it has entered into a metal purchase agreement with Yamana Gold to purchase some of the future copper production from its Chapada mine.

Altius Minerals will pay US$60 million plus 30% of the spot copper price upon delivery. It will also give Yamana 400,000 warrants exercisable at CA$14 per share. It will receive just under 4% of the copper production from Chapada (with some reductions after 75 million pounds has been delivered and if the mine expands production).

The deal is expected to increase Altius' earnings by around CA$8 million per year at the current price, significantly adding to total revenue (which for the past 12 months was a little over $30 million). It diversifies the resource base, reducing reliance on coal royalties, and adding an interest in another long-life, low-cost mine. To finance the deal, Altius is entering into short-term debt facilities, which will also replace its current term loan at a lower interest rate.

Building a mineral bank

Altius has also been very active, though quietly so, on increasing exposure to exploration projects worldwide, emphasizing zinc, copper, gold, nickel and PGMs, in Newfoundland, Ireland and Chile, as well as Michigan. This is largely low-cost prospect-generation, during what it says was the "best opportunity in more than 15 years" to acquire minerals rights that will be highly sought after as exploration money flows back to the sector, allowing it to retain royalty and minority interests.

[KMST]

Altius (TSX:ALS) Acquires Copper Payments Referenced to Yamana's Chapada Mine

Increases annualized EBITDA by C$8-$9 million

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - March 31, 2016) - Altius Minerals Corporation (TSX:ALS) ("Altius") is pleased to report that it has entered into a metal purchase agreement with a subsidiary of Yamana Gold Inc. ("Yamana") to acquire future copper payments referenced to Yamana's Chapada copper-gold mine located in central Brazil.

Altius CEO Brian Dalton commented that, "Through this transaction Altius has continued to grow its exposure to long-life diversified mining assets that have sustainably low relative positions on global cost curves. Chapada copper payments will significantly increase our revenue and EBITDA on a per share basis while also adding long-term option value through the potential for production level expansion and above-average exploration prospectivity."

Transaction Highlights

Immediately increases annualized EBITDA by C$8-$9 million
Adds another long-life mine and brings number of producing portfolio assets to 14
Enhances commodity diversity balance with base metals becoming the largest revenue generating component of Altius's portfolio

Purchase Price

US$60 million plus 400,000 common share purchase warrants exercisable at C$14 per share
Ongoing payments for each pound of copper received equal to 30% of the spot copper price.

Payable Copper Rate and Structure

Base Rate: 3.7% referenced to copper production from the Chapada mine reducing to 1.5% for remaining life of mine after 75 million pounds delivered
Expansion Incentive Rate: Rate decreases to 2.65% in the event of a Chapada mine expansion
Acquired through a 100% Altius owned Canadian subsidiary
Payment guarantees at parent company and mine holding levels

Financing

US$8 million paid on signing with remainder (US$52 million) payable in early May at final scheduled closing
Credit facilities in the aggregate amount of C$150 million comprised of a C$70 million, 4-year, amortizing term debt facility and a C$80 million, 3-year, revolving credit facility are currently being finalized; Scotiabank and ING Capital LLC have committed C$50 million each to the credit facilities, with commitment from another lender expected shortly
Current term loan will be replaced by this new facility, resulting in a reduced interest rate

Financial Co-Advisors

Scotiabank and Raymond James Ltd.

Chapada Mine

The Chapada mine is located in Goias state, Brazil and is a 21 to 22MTpa copper-gold mine that began production in 2007. It is projected to produce 122-125 million pounds of copper in 2016. Copper cash costs in 2016 are projected to be $1.32 per pound of copper on a co-product basis. This places Chapada's costs in the lowest quartile of the current global copper cost curve.

Based on Altius' review of the project, Chapada's assumed mine life is approximately 17 years. Significant mine life upside potential exists if mineral resources are converted to mineral reserves (http://www.yamana.com/English/portfolio/reserves-and-resourc… and the copper interest is referenced to a 700 km land package that has delivered several recent discoveries and remains significantly under-explored. Further details on Chapada can be found on Yamana's website (http://www.yamana.com/English/portfolio/producing-mines/chap…

Completion of the transaction is subject to conditions including stock exchange approval of the warrants.

[KMST]

Altius Minerals Corporation Reports Quarterly Attributable Revenue of $7,301,000 and Adjusted EBITDA of $6,273,000

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - March 16, 2016) - Altius Minerals Corporation ("Altius" or the "Corporation") (TSX:ALS) reports attributable revenue (1) of $7,301,000 and adjusted EBITDA (2) of $6,273,000, or $0.16 per share, for the quarter ended January 31, 2016. This compares to attributable revenue of $7,583,000 and adjusted EBITDA of $5,200,000, or $0.16 per share, for the corresponding period last year.

A net loss of $16,794,000, or ($0.42) per share was recorded during the quarter resulting largely from non-cash asset impairments of $17,773,000. This compares to a net loss of $5,701,000 and ($0.18) per share, in the prior year corresponding quarter.

For the nine months ended January 31, 2016, the Corporation has attributable revenue of $25,620,000, adjusted EBITDA of $20,143,000, or $0.51 per share, and a net loss of $18,476,000, or ($0.46) per share. In the corresponding period in the prior year, the Corporation had attributable revenue of $21,827,000, adjusted EBITDA of $17,954,000, or $0.56 per share and a net loss of $39,150,000.

A summary of the financial results is included in the following table.
For the 3 months ended
January 31, For the 9 months ended
January 31,
2016 2015 2016 2015
$ $ $ $

Royalty revenue
777 1,642,000 - 6,534,000 -
Coal 3,212,000 4,462,000 11,284,000 13,978,000
Potash 1,298,000 1,590,000 4,058,000 4,008,000
Voisey's Bay 381,000 500,000 1,430,000 1,762,000
CDP 435,000 618,000 1,297,000 1,477,000
Interest and investment 332,000 67,000 1,014,000 216,000
Other 1,000 346,000 3,000 386,000
Attributable revenue (1) 7,301,000 7,583,000 25,620,000 21,827,000

Adjusted EBITDA (2) 6,273,000 5,200,000 20,143,000 17,954,000
Net loss attributable to common shareholders (16,794,000 ) (5,701,000 ) (18,476,000 ) (39,150,000 )
Net loss per share
basic and diluted (0.42 ) (0.18 ) (0.46 ) (1.22 )
Total assets 422,252,000 424,571,000 422,252,000 424,571,000
Total liabilities 93,482,000 155,017,000 93,482,000 155,017,000
Cash dividends declared & paid to shareholders 1,198,000 Nil 3,594,000 Nil

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.

Non-IFRS Measures

Attributable revenue and adjusted EBITDA is intended to provide additional information only and do not have any standardized meaning prescribed under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. For a reconciliation of these measures to various IFRS measures, please see below.

Attributable revenue is defined by the Corporation as total revenue from the consolidated financial statements and the Corporation's proportionate share of gross revenue in the joint ventures. The Corporation's key decision makers use attributable royalty revenue and related attributable royalty expenses as a basis to evaluate the business performance. The attributable royalty revenue amounts, together with as amortization of royalty interests, general and administrative costs and mining tax, are not reported gross in the consolidated statement of earnings (loss) since the royalty revenues are being generated in a joint venture and IFRS 11 Joint Arrangements requires net reporting as an equity pick up. The reconciliation to IFRS reports the elimination of the attributable revenues and reconciles to the revenues recognized in the consolidated statements of earnings (loss).

Adjusted EBITDA is defined by the Corporation as net earnings (loss) before taxes, amortization, interest, non-recurring items, non-cash amounts such as impairments, losses and gains, and share based compensation. The Corporation also adjusts earnings in joint ventures to reflect EBITDA on those assets which exclude amortization of royalty interests as well as adjusting for any one time items. Adjusted EBITDA is a useful measure of the performance of our business, especially for demonstrating the impact that EBITDA in joint ventures have on the overall business. Adjusted EBITDA identifies the cash generated in a given period that will be available to fund the Corporation's future operations, growth opportunities, shareholder dividends and to service debt obligations.

Reconciliations to IFRS measures

Attributable revenue
For the 3 months ended
January 31, For the 9 months ended
January 31,
2016 2015 2016 2015
$ $ $ $

Royalty revenue
777 1,642,000 - 6,534,000 -
Coal 3,212,000 4,462,000 11,284,000 13,978,000
Potash 1,298,000 1,590,000 4,058,000 4,008,000
Voisey's Bay 381,000 500,000 1,430,000 1,762,000
CDP 435,000 618,000 1,297,000 1,477,000
Interest and investment 332,000 67,000 1,014,000 216,000
Other 1,000 346,000 3,000 386,000
Attributable revenue (1) 7,301,000 7,583,000 25,620,000 21,827,000
Adjust: joint venture revenue (4,891,000 ) (6,552,000 ) (16,772,000 ) (19,748,000 )
IFRS revenue per consolidated financial statements 2,410,000 1,031,000 8,848,000 2,079,000


Adjusted EBITDA For the 3 months ended
January 31, For the 9 months ended
January 31,
2016 2015 2016 2015
$ $ $ $

(Loss) earnings before income taxes (17,644,000 ) (6,120,000 ) (18,330,000 ) (42,818,000 )

Addback (deduct):
Amortization 2,494,000 40,000 6,068,000 127,000
Exploration and evaluation assets abandoned or impaired 2,000 244,000 661,000 336,000
Share based compensation (share settled) 228,000 - 393,000 -
Interest on long-term debt 1,328,000 2,378,000 4,180,000 7,687,000
Loss (gain) on disposal of investments & impairment recognition 5,763,000 (208,000) 5,219,000 1,305,000
Unrealized (gain) loss on fair value adjustment of derivatives (129,000 ) 574,000 (348,000 ) 2,975,000
Dilution (gain) on issuance of shares by associates - (89,000 ) - (163,000 )
Share of loss and impairment in associates 3,780,000 6,215,000 7,067,000 42,299,000
Earnings from joint ventures 5,785,000 (4,253,000 ) (1,119,000 ) (12,631,000 )
Callinan related costs - - 210,000 -
LNRLP EBITDA 265,000 359,000 1,086,000 1,369,000
Prairie Royalties EBITDA 4,401,000 6,060,000 15,056,000 17,468,000
Adjusted EBITDA 6,273,000 5,200,000 20,143,000 17,954,000


LNRLP EBITDA
Revenue 381,000 500,000 1,430,000 1,762,000
Less: mining taxes (116,000 ) (100,000 ) (344,000 ) (352,000 )
Less: administrative charges - (41,000 ) - (41,000 )
LNRLP Adjusted EBITDA 265,000 359,000 1,086,000 1,369,000

Prairie Royalties EBITDA
Revenue 4,511,000 6,260,000 15,342,000 17,986,000
Operating expenses (110,000 ) (200,000 ) (286,000 ) (518,000 )
Prairie Royalties Adjusted EBITDA 4,401,000 6,060,000 15,056,000 17,468,000

[KMST]

Altius Provides Update on 2016 Exploration Initiatives

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - March 14, 2016) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to provide an update on its global exploration project generation activities. Over the past year, Altius has strategically increased its portfolio of exploration stage projects within select jurisdictions that are high-ranking both in terms of mineral discovery potential and investment attractiveness. Several consecutive years of deferred exploration investment throughout the minerals sector has resulted in a counter-cyclical opportunity that is marked by significantly enhanced land access and lower generative costs. Our recent efforts have primarily concentrated around opportunities in zinc, copper, gold, nickel and platinum group metals.

ZINC

Republic of Ireland

Last year, Altius structured an agreement to acquire 80% of the shares of privately held Adventus Exploration Ltd. ("Adventus"), plus project royalty entitlements. The acquisition is in exchange for staged cumulative investments of EUR500,000 that will be reached in May of this year.

Adventus now holds more than 1,800 square kilometres of mineral rights throughout Ireland hosting several distinct projects that are prospective for carbonate-hosted zinc-lead-silver deposits and include several identified areas of mineralization within outcrop and float samples.

One of these is the Kingscourt project, which was made the subject of an option/JV agreement with Teck Ireland Ltd in 2015. The project is located approximately 10 km north of the Tara Mine, which is Europe's largest zinc mine. Under the agreement Teck has the option to earn a 75% interest by spending EUR400,000 by December 31, 2017. Altius retains an NSR royalty of 2% on the project.

Newfoundland

The Buchans Project encompasses lands immediately surrounding the past-producing, high-grade Buchans Zn-Pb-Cu-Au-Ag mine located in central Newfoundland. For the first time in 20 years, large parts of the Buchans camp recently came open to staking. Altius now controls the largest land position within the belt, totaling more than 200 square kilometres. Altius has conducted reconnaissance scale mapping, prospecting, soil, rock and till sampling, re-logging of historic drill core, compilation and 3D integrated modelling that has resulted in the identification of several new areas of alteration and mineralization and other conceptual targets.

The 70 square kilometre Katie Project, also located in central Newfoundland, hosts zinc-lead-copper-gold-silver mineralization in a sedimentary to volcanic-hosted massive sulphide environment. Highlights include grab samples from floats of up to 23.9% Zn, 3.3% Pb and 279 g/t Ag and up to 15.1% Zn, 0.45% Pb, 0.27% Cu, 42 g/t Ag and 2.4 g/t Au from newly trenched outcrops.

COPPER

Chile

Altius has a 49% interest in Mining Equity Fund ("ME") and its subsidiaries, which together have acquired more than 1,000 square kilometres of exploration and exploitation concessions distributed in thirteen projects in northern Chile.

Five of these projects, namely Arcas, Quiltro, Lia, Timón, and Pescado, are associated with the prolific Domeyko Fault System. This is interpreted as an important control on the distribution of globally significant copper deposits including the Chuquicamata, Collahuasi and Escondida porphyry clusters. Approximately 60% of the package was acquired by direct staking using a combination of in-house reprocessing of ASTER satellite imagery, data compilation and regional mapping and sampling.

Within the Arcas block, four porphyry-related targets have been identified that include numerous copper occurrences associated with veins, breccias and/or subcrops of porphyritic rocks.

At Quiltro, an untested area of high-sulphidation epithermal alteration with gold-bearing hematite-breccia veins was discovered.

The two known targets at Lia include an outcropping dacitic porphyry with sericite-chlorite-clay assemblages cross-cut by quartz-hematite veinlets and a quartz-diorite porphyry intruded into Paleozoic volcaniclastic rocks forming a skarn. The best results at Lia correspond to tabular units that returned up to > 1% Cu, 0.56 g/t Au, 25 g/t Ag, and 0.04% Mo.

At Timón, argillic and propyllitic alteration zones and veins hosting copper-oxides within granodioritic and dioritic intrusives have yielded values up to 2.6% Cu and 34 g/t Ag in grab samples from outcrop.

The Pescado project is located approximately 85 kilometres south from the Escondida deposit. This under-explored project hosts a four-km-long gold-copper anomaly defined by grab samples of outcrop with samples up to 1.6 g/t Au.

Also in Chile, ME holds 7,775,773 shares of Revelo Resources Corp. and retains 2% precious metals and 1% base metals net smelter return ("NSR") royalties as a result of an agreement completed last year on four projects covering approximately 600 square kilometres.

Ireland

The 1,100 square kilometre Southwest Cork project is a sediment-hosted copper target highlighted by recent grab sample results including 7.6% Cu and 342 g/t Ag from disseminated bornite and chalcocite within a reduced sandstone unit. Limited historic drilling, undertaken by previous operators exploring predominantly for barite, reported intersections of disseminated copper sulphides including 6.1 metres @ 1.7 % Cu. Work is underway along a 25 kilometre long zone to refine targets for follow up.

Labrador

The 255 square kilometre Seal Lake Copper-Silver Project located in central Labrador covers Mesoproterozoic sedimentary, volcanic and mafic intrusive rocks that host over 250 historically documented copper occurrences. The copper mineralization and geological setting suggests a favorable environment for hosting deposits of the sediment-hosted copper type. Previous workers have reported drill results within the target sedimentary horizon of up to 1.76% Cu and 56.2 g/t Ag over 7.9 metres.

NICKEL-COPPER-PGEs

Michigan

Altius entered into an agreement last year to acquire up to an 80% interest in the 648 square kilometre Voyageur Nickel Project, which is located in State of Michigan's Upper Peninsula, from Bitterroot Resources Ltd. This is part of a systematic program targeting Eagle or Voisey's Bay-type, conduit-hosted magmatic nickel-copper-PGE mineralization within the Mid-Continental Rift. The geological environment at Voyageur is considered similar to that at Lundin Mining's high-grade Eagle Mine located 60 kilometres eastwards. Altius recently completed a 4,250-line km VTEMä Plus electromagnetic (EM) airborne survey, which has identified nine high-priority targets that are currently being assessed and ranked for follow up this season.

GOLD

Newfoundland

The 25 square kilometre Moosehead Property is an easily accessible, high-grade orogenic gold project located in central Newfoundland. Gold mineralization, commonly as coarse free gold, occurs in association with sulphide- and sulphosalt-bearing quartz veins. Historic sampling has returned values of up to 442 g/t Au from boulders, and up to 170 g/t Au over 1.53 metres from drill core while newly discovered and unsourced float samples in this area returned values of up to 328 g/t Au. In 2015, Altius conducted the first overburden stripping program on the property, which has provided a much improved interpretation of the structural controls on mineralization.

Also in 2015, a 450-metre-long soil anomaly was discovered beginning 500 metres along strike to the north from the previously known area of mineralization. Prospecting in this area has identified angular quartz float assaying up to 180 g/t Au.

Chile

In the prolific Miocene Belt, ME controls 300 square kilometres of concessions in seven projects within the Maricunga mineralized belt. The highlights of the rock sampling and prospecting program includes rock samples from the Vidalita project of silicified breccias that returned values up to 5.54 g/t Au and 89.7 g/t Ag, and similar rock types at the Freddie project that returned values up to 3.6 g/t Au and 146 g/t Ag.

In 2016 Altius will continue to build on its global portfolio of exploration projects while also beginning to increase its efforts to attract new project partners. Altius firmly believes that the current downturn in the industry is providing the best opportunity in more than 15 years to acquire mineral rights that will become highly sought after as exploration investment necessarily flows back to the sector. It intends to advance the projects that it is strategically acquiring at this time through partnering agreements that will allow it to retain various types of minority and equity interests and royalties.

Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, is the Qualified Person as defined by NI 43-101 guidelines responsible for the technical data presented herein and has reviewed and approved this release.

About Altius

Altius is a diversified mining royalty company with royalty interests in 13 producing mines located in Canada. The royalty interests include mining operations that produce thermal (electrical) and metallurgical coal, potash, zinc, nickel, copper and cobalt.

Altius holds other significant pre-development stage royalties internally generated by its project generation business that also contains a diversified portfolio of exploration stage projects and royalties, some of which are being advanced through various partner-funding arrangements.

Altius has 39,932,102 shares issued and outstanding that are listed on the 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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Altius Declares Quarterly Dividend of $0.03 Per Share


ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Sept. 23, 2015) - Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to announce 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 October 6, 2015. The dividend is expected to be paid on or about October 20, 2015.