Altius Minerals Provides Generation Update 2021 Year-End Project

ST. JOHN’S, Newfoundland and Labrador / Jan. 06, 2022 / Business Wire / Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Company”) is pleased to update its Project Generation (“PG”) business activities and public junior equity portfolio. The market value of the Company’s small stock portfolio as at December 31, 2021 was $ 55.5 million, compared to $ 51.2 million as at September 30, 2021. This amount does not include the $ 16.1 million. cash generated from net sales of new purchases during the year, nor the value of warrants or property-based share payments yet to be received or currently not traded. An updated list of public holdings has been posted on the Altius website at http://altiusminerals.com/projects/junior-equities.

During the year, new equity positions were added to the portfolio thanks to the option / sale of several projects, in particular: the Golden Rose project in Tru Precious Metals Inc. (TRU: TSX-V), the Adeline copper project in Chesterfield Resources Inc. (CHF: LSE), the Florence Lake nickel project in Churchill Resources Inc. (CRI: TSX-V) and the Company’s Labrador uranium properties (Central Mineral Belt and Notakwanon) for Labrador Uranium Inc., majority subsidiary of Uranium Consolidated Inc. (CUR: TSX-V) public spin-out scheduled for 2022. In each of these transactions, Altius also retained various royalty interests from the underlying projects.

Brian Dalton, President and CEO of Altius, said: “We had excellent performance in our PG business segment in 2021 with several projects successfully converted into new equity and royalties. The value of the portfolio of publicly traded stocks increased by $ 3.3 million during the year while generating $ 16.1 million in net cash proceeds for total implied growth of 20.4 million dollars or 37%. During 2022, we anticipate that hundreds of thousands of meters of exploration drilling will be completed across the portfolio, providing Altius shareholders with numerous opportunities to create value at low cost through its holdings and royalties. starting. We also look forward to potential milestones being reached and reported by operators regarding some of the more advanced royalties within the portfolio – including updated feasibility results for the Kami iron ore project in Labrador, the funding project and other developments related to the Curipamba polymetallic project. in Ecuador and a first resource estimate for the discovery of Silicon gold in Nevada. “

Qualified person

Lawrence Winter, Ph.D., P.Geo., Vice President of Exploration for Altius, a Qualified Person as defined by National Instrument 43-101 – Disclosure Standards for Mining Projects, is responsible for scientific data and techniques presented here. and has reviewed, prepared and approved this press release.

About Altius

Altius’ strategy is to generate growth per share through a diversified portfolio of royalty assets linked to long-term, high-margin operations. This strategy also offers shareholders exposures that are well aligned with global growth trends related to sustainable development, including the transition from fossil fuels to renewable energy generation, electrification of transport, reduction of emissions from steelmaking; and increasing demands for agricultural performance. These macro-trends each have the potential to cause increased demand for many of Altius’ commodity exposures, including copper, renewable electricity, several key metals for batteries (lithium, nickel, and cobalt), clean iron ore and potash. In addition, Altius successfully runs a project generation business that generates mining projects for sale to developers in exchange for equity and royalties. Altius has 41,185,595 issued and outstanding common shares which are listed on the Toronto Stock Exchange in Canada. She is a member of the S & P / TSX Small Cap and S & P / TSX Global Mining indices.


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