ALS Altius Minerals Corporation

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES, OR FOR DISSEMINATION IN THE
UNITED STATES


Altius Minerals Corporation ("Altius" or the "Company") (TSX:ALS) is pleased to
announce that the Company has approved an offering price of $14.00 per share for
the previously announced offering of common shares under its preliminary short
form prospectus dated April 28, 2014 for gross proceeds of approximately $65
million with no over-allotment option (the "Offering"). An Agency Agreement with
the syndicate of investment dealers co-led by Scotia Capital Inc. and Haywood
Securities Inc., and including BMO Nesbitt Burns Inc., Sprott Private Wealth
L.P., Raymond James Ltd. and Salman Partners Inc. (collectively, the "Agents")
will be executed on these terms. 


About Altius

Altius is focused on the mining and resources sector through prospect generation
and the creation and acquisition of royalties. 


Altius holds royalty interests in 12 producing assets that include 5 coal mines
and 6 potash mines located in western Canada and a royalty on the producing
Voisey's Bay nickel-copper-cobalt mine in Labrador. 


It has a 3% gross sales royalty on the development stage Kami iron ore project
of Alderon Iron Ore Corp. ("Alderon"), a 2% gross sales royalty for the advanced
exploration stage Central Mineral Belt uranium project of Paladin Energy
Limited, and several other resource stage project royalties. Its project
generation pipeline contains a diversified portfolio of exploration stage
projects and royalties, many of which are being advanced through various
partner-funding arrangements. 


Altius has also built a portfolio of directly and indirectly held junior
resource investments, including an approx. 25% shareholding in Alderon
(TSX:ADV), an approx. 8% shareholding in Virginia Mines Inc. (TSX:VGQ), and a
approx. 5.9% shareholding in Callinan Royalties Corporation (TSX VENTURE:CAA). 


Altius has 27,595,821 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. 


Caution Regarding Forward-Looking Statements and Information

This news release contains forward-looking information about the Offering. The
forward-looking statements in this news release are subject to a number of risks
and uncertainties that could cause actual events or results to differ materially
from current expectations, including those related to the business generally,
which are set out in materials filed with the securities regulatory authorities
in Canada from time to time, including the risk section of the Company's annual
Management's Discussion and Analysis report, Annual Information Form and the
short form preliminary prospectus. No assurance can be given that the Offering
will be completed or the timing of same. 


The Company does not undertake to update any forward-looking statements that may
be made from time to time by or on behalf of the Company other than as required
by applicable securities laws. 


This Offering is only made by short form prospectus. Copies of the short form
prospectus may be obtained from any of the Agents. Investors should read the
short form prospectus before making an investment decision. There will not be
any sale of the securities being offered until a receipt for the final short
form prospectus has been issued. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Altius Minerals Corporation
Chad Wells
1-877-576-2209
www.altiusminerals.com

Altius Minerals (TSX:ALS)
Historical Stock Chart
From Mar 2024 to Apr 2024

Altius Minerals (TSX:ALS)
Historical Stock Chart
From Apr 2023 to Apr 2024