Altius Minerals Corporation
TSX : ALS

Altius Minerals Corporation

December 01, 2011 11:48 ET

Altius Reports on 2011 AGM Results

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 1, 2011) - Altius (TSX:ALS) reports that all resolutions presented at its November 30th, 2011 Annual and Special Meeting were approved by shareholders, including the re-election of directors John Baker, Brian Dalton, Fred Mifflin, Susan Sherk, Jamie Strauss and Don Warr. The final voting results on each item of business and respective resolutions have been filed on SEDAR.

About Altius

Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. The Corporation has a strong financial position with approximately $189 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 Resource Corp. (TSX:ADV).

Altius owns an effective 0.3% net smelter return royalty in the producing Voisey's Bay nickel-copper-cobalt mine, a 2% gross sales royalty in the Central Mineral Belt uranium project of Paladin Energy Limited, a 3% gross sales royalty in the Kami iron ore project of Alderon and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which it have attracted joint venture funding partners.

Altius is a member of the S&P/TSX Global Mining Index and currently has 28,865,662 shares outstanding.

Contact Information