ST. JOHN–S, NEWFOUNDLAND AND LABRADOR — (Marketwired) — 12/10/14 — Altius Minerals Corporation („Altius“ or the „Corporation“) (TSX: ALS) reports attributable revenue(1) of $7,027,000 and net loss attributable to common shareholders of $25,348,000 or ($0.78) per share for the three months ended October 31, 2014 compared to attributable revenue(1) of $1,338,000 and a net loss of $731,000 for the same period last year. The current period results were affected by royalty revenues from Prairie Royalties and Voisey–s Bay of $5,900,000 and $683,000 respectively, while various unrealized investment losses and adjustments to carrying values of $29,543,000 were incurred, primarily related to the Corporation–s investment in Alderon Iron Ore Corp.
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 Annual Information Form, MD&A, and Financial Statements, which were filed on SEDAR today and are also available on the Corporation–s website at .
Non-IFRS Measures
Attributable royalty is intended to provide additional information only and do not have any standardized meaning prescribed under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. For a reconciliation of these measures to various IFRS measures, please see below.
About Altius
Altius is diversified minerals royalty company with royalty interests in 12 producing mines located in Canada. The royalty interests include mining operations that produce thermal (electrical) and metallurgical coal, potash, nickel, copper and cobalt.
Altius holds other significant pre-development stage royalty interests that include a 3% gross sales royalty on the development stage Kami iron ore project of Alderon Iron Ore Corp. („Alderon“), a 2% gross sales royalty for the advanced exploration stage Central Mineral Belt uranium project of Paladin Energy Limited, and several other resource stage project royalties. Its project generation pipeline contains a diversified portfolio of exploration stage projects and royalties, many of which are being advanced through various partner-funding arrangements.
Altius has also built a portfolio of directly and indirectly held junior resource investments, including a approx. 25% shareholding in Alderon (TSX: ADV), an approx. 8% shareholding in Virginia Mines Inc. (TSX: VGQ), and a approx. 5.9% shareholding in Callinan Royalties Corporation (TSX VENTURE: CAA).
Altius has 32,356,826 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.
Contacts: Altius Minerals Corporation Ben Lewis 1.877.576.2209
Altius Minerals Corporation Chad Wells 1.877.576.2209
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