ST. JOHN’S, Newfoundland and Labrador / Apr 05, 2024 / Business Wire / Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) reports on a decision issued on April 4, 2024 by the Alberta Court of Appeal regarding the earlier dismissal of its Statement of Claim against the governments of Alberta and Canada for the constructive taking or de facto expropriation by regulation of its Genesee mine “interest in land” royalty asset.
In its decision, the Court of Appeal upheld the earlier decision to summarily dismiss Altius’s claim on the grounds that it did not believe that the legal test for constructive taking or de facto expropriation was met. Altius’s mineral royalty rights to Genesee were fully economically defeated by the governments’ actions. In contrast with Altius, compensation was previously paid to the operator of the Genesee power plant.
Given the impact of the Court’s…
