RSS UpdatesCompany Information for Altius Minerals Corp
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 TSX.V; ALS
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Company Statement
Altius is a natural resource project generation and royalty business based in the province of Newfoundland & Labrador.
The Company has approximately $200 million in total assets including $160+ million in cash, numerous quality projects, royalties and equity stakes. Fundamentally, our business has never been stronger.
Since inception in 1997, our business model and operating philosophy have consistently delivered increased value for shareholders of Altius through cyclical market conditions. The company has built a solid reputation around its percentage of successful mineral project generation initiatives that it intends to further build upon.
While the current market sentiment for the natural resources sector has turned bearish our Company is well prepared to embrace the opportunities of a down-cycle, for whatever period is necessary. Altius prospered through the last bear cycle because its business plan inherently preserves capital structure and manages risk.
Business Strategy
Altius' business model is simple and has been implemented as an effective means of managing risk. It involves a small team of people that conceptualize and innovate mineral resource related opportunities, invest in their initiation and development and, when successful, form businesses or partnerships around these opportunities. The model has worked well by allowing exposure to multiple opportunities while minimizing negative impacts to the capital structure of the company.
Altius has formed more than 40 exploration partnerships and joint ventures since its inception with select mining industry partners from around the globe. Currently, the Company's has 13 active mineral exploration partnerships covering prospective projects for gold, base metals, nickel, uranium, potash, and iron ore.
The Voisey's Bay royalty continues to distinguish Altius as a unique project generator with a long term royalty asset that ensures it consistent and sustainable cash flow for at least the next quarter century. Altius has from the time of the Voisey's Bay acquisition viewed this royalty income as a financing source that is more than sufficient to support its generative mineral exploration business model over the long term thereby eliminating equity dilution to shareholders.
Although, Altius' financial capability has grown considerably in its 10 years of business it remains committed to managing risk and exercising financial discipline. As a result, the company will continue to build upon its rock solid reputation and successful track record.
The constant challenge is to build and supply a pipeline of strong projects year over year that attract industry investors/partners who provide both financial resources to exploration programs and technical endorsement. While the scale and scope of attractive opportunities has increased our commitment to productive partnerships and relationships is stronger than ever.
Current Operations
LABRADOR NICKEL ROYALTY LIMITED PARTNERSHIP
Voisey's Bay Royalty
In 2007, Voisey's Bay generated in excess of $5 million in revenues for the Company.
Altius owns a 10% interest in the Labrador Nickel Royalty Limited Partnership (LNRLP), which owns a 3% net smelter return (NSR) royalty in the Voisey's Bay nickel district.
Altius' royalty entitles it to a share of revenues less certain costs incurred after concentrates leave the mine site for final processing. The costs of mining or onsite processing are not deducted from our share of revenues.
The acquisition of this royalty is strategic to Altius both from the perspective of its inherent attributes as well as the positive impact it will have on Altius' existing exploration business.
CENTRAL MINERAL BELT URANIUM - AURORA ENERGY
Altius maintains an underlying 2% gross uranium sales royalty and a 2% net smelter return royalty on base and precious metals that may be produced from Aurora's Central Mineral Belt ("CMB") projects in Labrador, Canada.
The royalty was created in June 2005 following 2 years of successful exploration in the CMB when Altius and its partner, Fronteer Development Group, restructured their exploration alliance as part of a longer-term business strategy to create a new pure uranium company - Aurora Energy Resources Inc. (TSX:AXU). The agreement structure and launch of Aurora effectively converted Altius property ownership into an equity stake in the new uranium company and an underlying royalty covering Aurora's Labrador properties. By October 2007 Altius had sold its entire equity stake in Aurora for gross proceeds in excess of $200 million, while still retaining its royalty position over the properties.
The Central Mineral Belt project generation initiative in early 2003 and the subsequent Aurora co-founding in 2005 is a testament to the success of Altius’s chosen business model.
FOUNDING EQUITY STAKES
Aurora Energy Resources
Rambler Metals & Mining Plc
MINERAL EXPLORATION JOINT VENTURES
South Tally Pond (Paragon)
Rocky Brook (Jnr Resources)
Taylor Brook (Northern Abitibi Mining)
Notakwanon Uranium (Golden Cross)
Nuiklavik Uranium (Golden Cross)
Alexis River Uranium (Monroe Minerals)
Viking Gold (Northern Abitibi Mining)
Topsails Uranium (Jnr Resources)
Kamistaitusset Iron Ore property (Norvista Resources)
St. George’s Potash (Sprott Resource Corp.)
ENERGY OPPORTUNITIES
Lower Churchill Hydro Royalty
Newfoundland & Labrador Refining Corporation
Albert Oil Shale
EXPLORATION ALLIANCES
Labrador Trough Alliance (Cornerstone Resources)
SEEKING PARTNERS
Natashquan PGE
Meshikamau Nickel
Geographical Spread
Newfoundland and Labrador (and New Brunswick)
Board of Directors and Key Management
| Management & Directors | |
| Brian F. Dalton | President & CEO |
| Roland W. Butler Jr. | Director, Vice-President |
| J. Geoffrey Thurlow | Director |
| John A. Baker | Director |
| Donald J. Warr | Director |
| Susan Sherk | Director |
| Fred Mifflin | Director |
| Ben Lewis | CFO |
| Chad S. Wells | VP Corporate Development and Corporate Secretary |
| Lawrence Winter | VP Exploration |
Company AddressSuite 202, Kenmount Business Center, 66 Kenmount Road
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Additional Address/Key ContactMailing Address: |
CapitalAs of January 31, 2009
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Annual General MeetingOctober | Year EndApril 30 |
Related News
03/11/09 - Steady Royalty Streams Support Altius Minerals In Its More Speculative Exploration Activities29/06/09 - Altius Minerals Widens The Reach Of Its Royalty Portfolio, And Steps Out Beyond Eastern Canada
27/01/09 - Any Time Now The Bottom Fishers Will Be Sizing Up The Unique Strengths Of Altius Minerals
19/06/08 - Altius Minerals Stays Ahead Of The Junior Mining Pack With Its Moves Into Energy
Most Recent Statement
04/03/10 - ALDERON RESOURCES CORP. (ADV:TSX‐V) TO EXPLORE ALTIUS' IRON ORE PROPERTY23/02/10 - Altius to Receive Proceeds Worth Approximately $61.8 M
24/12/09 - ALTIUS ANNOUNCES NORMAL COURSE ISSUER BID
18/12/09 - Schedule 13D/A Filing (ammendment) - US SEC Filing - Common Shares of International Royalty Corporation - Lock up Agreement
10/12/09 - Altius Minerals Corporation Reports Second Quarter Financial Results
09/12/09 - ALTIUS UPDATES OIL SHALE EXPLORATION AND EVALUATION IN NEW BRUNSWICK, CANADA