Altius Receives Final Silicon Royalty Arbitration Award
The tribunal has determined that the lands that are subject to the Altius 0.5% NSR royalty under the royalty agreement between the parties dated Feb. 20, 2015 include the entirety of those encompassed within the 26.8 km 2 base area of interest (base AOI) described in the royalty agreement and also additional areas around the base AOI that total approximately 168.8 km 2, for a combined royalty area within the district that totals approximately 195.6 km 2.
The final award meets the royalty area requirement set out in the recent sales agreement between Altius and Franco-Nevada Corporation for a 1.0% NSR royalty that is to cause an additional US$25 million contingent payment to Altius, following the expiry of any relevant appeal or challenge periods.
A map that depicts the royalty area provided for under the final award can be found on our website at https://altiusminerals.com/royalties/silicon-arthurgold/
About Altius
Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership. These macro-trends each hold the potential to cause higher demand for many of Altius's commodity exposures including potash, high purity iron ore, renewable energy, base metals, and gold. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for royalties and that has a demonstrated track record of driving outsized direct returns from its overall royalty investment portfolio. Altius has 46,315,304 common 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 and the S&P/TSX Canadian Dividend Aristocrats Index.
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