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Altius Releases Project Generation Update for 3rd Quarter 2023

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Altius Minerals Provides 3rd Quarter 2023 Project Generation Update

Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) is pleased to provide an update on its Project Generation (PG) business activities and its public junior equities portfolio. The market value of equities in the portfolio as of September 30, 2023, was $44.6 million, compared to $41.8 million at the end of June 2023. No significant additions or sales were made during the quarter.

Project Generation

In August, Altius, in collaboration with Bitterroot Resources Ltd., sold the Voyageur nickel-copper-cobalt-PGM project in Michigan to Perseverance Metals. Altius received approximately 10% ownership in Perseverance's equity and retains a 2% net smelter return (NSR) royalty. Altius continues to advance other alliance-related and wholly-owned projects available for joint venture or sales.

Portfolio Updates

Notable updates within Altius' junior equities portfolio include Orogen Royalties Inc., Adventus Mining, Wolfden Resources Corporation, Sterling Metals Corp., Churchill Resources, and AbraSilver. These updates highlight ongoing activities, including production increases, drilling programs, rezoning applications, and favorable drill results. In conclusion, Altius Minerals' 3rd Quarter 2023 Project Generation update showcases the company's progress in its PG business activities and the performance of its public junior equities portfolio. The updates reflect Altius' commitment to strategic growth and value creation in the mining sector.

Implications of Altius Minerals' Q3 2023 Update for New Businesses

Altius Minerals' Q3 2023 Project Generation update provides crucial insights for new businesses, particularly those in the mining sector. The company's strategic collaboration with Bitterroot Resources Ltd. exemplifies the power of partnerships in driving business growth and diversification. This should serve as a key lesson for new businesses - leveraging strategic alliances can unlock new opportunities and enhance market presence.

Portfolio Management and Growth Strategy

Altius' junior equities portfolio growth, from $41.8 million to $44.6 million, without significant additions or sales, underscores the importance of effective portfolio management. For new businesses, this highlights the potential of strategic investments in driving business growth and value creation.
Commitment to Value Creation
Altius' ongoing activities, including production increases, drilling programs, and rezoning applications, reflect a proactive approach to value creation. New businesses must take note - fostering a culture of innovation and continuous improvement can significantly enhance business performance and competitiveness. In conclusion, Altius Minerals' Q3 2023 update offers valuable lessons for new businesses in strategic partnerships, portfolio management, and commitment to value creation. These insights could be instrumental in shaping the growth strategies of new businesses in the mining sector and beyond.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/altius-provides-3rd-quarter-2023-project-generation-update
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