ST. JOHN-S, NEWFOUNDLAND — (Marketwired) — 07/04/13 — Altius Minerals Corporation („Altius“) (TSX: ALS) reports a net loss attributable to common shareholders of $13,339,000 or ($0.47) per share for the twelve months ended April 30, 2013 compared to a net loss of $4,611,000 for the same period last year. The current year was affected primarily by the losses in the share of associates and other investment losses. The prior year-s results included one-time revenue of $3,999,000 from the receipt of share payments from the vending of a mineral property.
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 $257 million, including $145 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 27,833,404 shares outstanding.
Contacts: Altius Minerals Corporation Ben Lewis 1.877.576.2209
Altius Minerals Corporation Chad Wells 1.877.576.2209 709.576.3441 (FAX)
Only registered users can comment.
