ST. JOHN-S, NEWFOUNDLAND AND LABRADOR — (Marketwire) — 12/12/12 — Altius Minerals Corporation („Altius“) (TSX: ALS) reported a net loss attributable to common shareholders of $2,885,000 or ($0.08) per share for the three months ended October 31, 2012 compared to a net loss of $2,868,000 for the same period last year. The current year was affected primarily by the losses in the share of associates.
A summary of the financial results is included in the following table.
Additional information on the Corporation-s results of operations is included in the Corporation-s MD&A, and Financial Statements, which were filed on SEDAR today and are also available on the Company-s website at .
About Altius
Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. Altius has a strong financial position with total assets of approximately $286 million, including $158 million in cash and marketable securities. It has also built a portfolio of directly and indirectly held junior resource investments, including 32.9 million shares of Alderon Iron Ore Corp. (TSX: ADV).
Altius owns a 3% gross sales royalty on the Kami iron ore project of Alderon, an effective 0.3% net smelter return royalty on the producing Voisey-s Bay nickel-copper-cobalt mine, a 2% gross sales royalty on uranium in the Central Mineral Belt project of Paladin Energy Limited, and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which have attracted joint venture funding partners.
Altius is a member of the S&P/TSX Global Mining Index and currently has 28,257,364 shares outstanding.
Contacts: Altius Minerals Corporation Brian F. Dalton President Toll Free: 1-877-576-2209 709-576-3441 (FAX)
Altius Minerals Corporation Chad Wells Vice President Corporate Development Toll Free: 1-877-576-2209 709-576-3441 (FAX)
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