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Company Information for Altius Minerals Corp
Company stock charts - 12 Month chart
 TSX.V; ALS
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Company Statement
Altius is a diversified natural resources whose principal business activities include the generation and advancement of natural resource related projects located in Eastern Canada.
Altius generally prefers to create partnerships or corporate structures related to the opportunities it generates, which results in the carrying of minority and non-operating project or equity interests and/or royalty interests.
The Company holds an effective 0.3% production stage royalty interest in the Voisey’s Bay nickel-copper-cobalt project in Labrador which in 2007 generated in excess of $5 million in revenues for Altius. Currently the mine life at Voisey's Bay is estimated at ~25 years, thus enhancing the Company's ability to minimize equity dilution risk while maximizing the number of project generation opportunities that it can advance. In addition to its annual revenues from Voisey’s Bay the Company also boasts a strong treasury position in excess of $170 million providing it the financial strength to pursue and foster further investment opportunities in natural resources.
Altius maintains prevalent exposure to gold, base metals, iron ore, potash, oil shale and uranium through a varied exploration portfolio of 13 active joint ventures with select partners from around the globe. It also holds various investments in mining and mineral related companies (like Rambler Metals & Mining Plc - www.ramblermines.com), through direct investment and through the vending of earn-in agreements on its mineral exploration properties.
Altius continues to actively generate concepts and projects for traditional metal deposits but it now also seeks opportunities to participate in energy related opportunities in Newfoundland and Labrador.
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., B.Sc., B. Ed., Director, Vice-President |
| J. Geoffrey Thurlow, Ph.D., P. Geo., Director |
| John A. Baker, Q.C., Director |
| Donald J. Warr, F.C.A, Director |
| Susan Sherk, Director |
| Fred Mifflin, Director |
| Ben Lewis, B.Comm., C.A., CFO |
| Chad S. Wells, B.Sc. (Honours), Corporate Secretary |
Company AddressCivic Address
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Additional Address/Key ContactCompany Address |
CapitalIssued shares: 30,974,425 Options: 864,000(2.7%) Fully Diluted: 31,838,425 |
Annual General MeetingOctober | Year EndApril 30 |
Related News
19/06/08 - Altius Minerals Stays Ahead Of The Junior Mining Pack With Its Moves Into Energy22/10/07 - Altius Minerals Holds A Trump Card At the Newfoundland Oil Refinery
20/03/07 - Altius Minerals Sets The Stage For Further Growth
Most Recent Statement
02/10/08 - Altius Served with Statement of Claim by SNC’s BAE-Newplan24/09/08 - Altius Announces Increase to Share Repurchase Program
15/09/08 - Altius Reports Quarterly Net Earnings of $380,000
28/07/08 - REPORTS ANNUAL NET EARNINGS OF $12.1 MILLION
24/06/08 - NEWFOUNDLAND AND LABRADOR REFINING CORPORATION OBTAINS COURT ORDERED STAY OF PROCEEDINGS
23/06/08 - ALTIUS AND NORVISTA SIGN LABRADOR IRON ORE AGREEMENT