Highlights Progress of its Julienne Lake Iron Ore Project
ST. JOHN’S, Newfoundland / Apr 09, 2025 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to update its Project Generation (“PG”) business activities and its public junior equities portfolio.
The market value of equities in the portfolio at March 31, 2025 was $71.4 million, compared to $60.4 million at December 31, 2024. In addition, net cash proceeds of $527,000 were generated from portfolio sales.
Overall performance of the portfolio was largely driven by its holding of 39,557,961 common shares or an approximate 19.6% interest in Orogen Royalties Inc. (TSX-V:OGN) (“Orogen”). Orogen most recently announced its preliminary 2024 financial results highlighting a record year in financial performance with strong revenue of $7.9 million from the Ermitaño royalty. Orogen also…
