linealdin

I know Altius has a “trading position” in LIF that they sold off at $32. I hope they’ve been buying it back at the recent drop to $25. Cheap stock price for such a large yield.

https://www.prnewswire.com/news-releases/aethon-minerals-announces-earn-in-agreement-with-option-to-joint-venture-with-rio-tinto-on-the-arcas-project-in-chile-300916548.html Aethon signs a farm out deal for their Arcas property with Rio Tinto. Up to US$25 million for a 75% stake in the project. Altius has an effective 1.5% royalty on Arcas. The investment by Rio Tinto validates the good work Altius did with its partners picking up Chilean properties during the mining downturn. Also Abraplata is acquiring Aethon in an all share deal. Altius becomes a significant shareholder of Abraplata.

https://ceo.ca/@newsfile/excelsior-mining-completes-pipeline-corridor-from-wellfield Excelsior construction now 90% complete. The new royalty should start flowing in a couple of months.

“Our shareholders will recall that these renewable royalty financings are intended as replacement-type reinvestments of our electrical coal royalty revenue as it is phased out over the next decade. Our confidence is growing that the scale of the opportunity that has been innovated by the team at Altius Renewable Royalties is not only sufficient to meet this objective, but likely much larger. As such, we have begun discussions with select potential co-investment partners and also begun the process of assessing the merits and potential timing of a public listing of ARR.” Larger deals, with co-investors, coming for new renewable energy royalties. A public listing is also likely coming. The market favors pure play renewable energy vehicles. Brookfield Renewable Partners, for example, is a market darling with a US$31 billion market cap.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1VA0CX The China iron ore pellet story is still intact. Steelmakers moving to the coast near environmentally fragile areas. They need to reduce emissions. Best way to do that is with imported pellets. Pellet demand in China expected to increase 40% by 2023. Implications are obvious for IOC/LIF. The iron ore grade premium story paused for over the last 6 months but will come back fiercely. IOC just paid a US$200 million dividend to its equity shareholders for Q3. LIF as a 15.1% shareholder received roughly C$40 million. The LIF dividend, in turn, should be around C$1.10 per share in Q3.

http://altiusminerals.com/projects/goethite-bay-iron-ore “In late August 2019 Altius granted a a 73% owned private subsidiary of Avidian Gold Corp. (TSX-V:AVG), High Tide Resources Corp. (“High Tide”), an exclusive option to purchase a 100% interest in its Goethite Bay Iron Project in the Labrador Trough by: (i) High Tide incurring exploration expenditures on the Project of at least $2,000,000 by December 31, 2021; (ii) the issuance of 19.9% of the issued and outstanding common shares of High Tide immediately following cumulative equity financings of no less than $5,000,000; and (iii) High Tide becoming a publicly listed company in Canada within 24 months from the execution date. “Upon High Tide acquiring a 100% interest in the Project, Pubco shall grant to Altius a 2.75% gross sales royalty (GSR) on all iron ore produced, removed, and recovered from the Project.”

https://www.google.com/amp/s/seekingalpha.com/amp/article/4283934-altius-minerals-corp-atusf-ceo-brian-dalton-q2-2019-results-earnings-call-transcript Transcript of Q2 conference call. Dalton mentioned in passing two major events in the copper space: Hudbay had its permit for Rosemont cancelled by a court while Rio Tinto announced a $1.9 billion cost overrun and up to a 30 month delay at Oyu Tolgoi. These are both mega copper projects. The supply side of the copper bull story gets better for Altius.

https://www.google.com/amp/s/www.cbc.ca/amp/1.5237586 Mosaic idles high cost potash production at Colonsay (mine with no Altius royalty) in favor of ramp up at Esterhazy K3 (on which Altius has a big royalty). Very similar to how Nutrien idled high cost production in New Brunswick (no Altius royalties) in favor of ramping up Rocanville (important Altius royalty). I want to see Altius’s potash royalties bring in around C$22 million total in 2019.

Kargl-Simard going wild raising cash for Adventus. C$14.3 million bought deal financing, at C$1 per share, follows the C$12.1 million financing, at 86.7 cents a share, by Nobis Group. Kargl-Simard’s best attribute is that he is connected with the money people. Very few resource juniors are able to conjure cash for their projects the way Adventus does. Adventus spiked to C$1.16 after the financings. Altius’s position worth C$18.1 million at that level, a little less at the current share price of C$1.08. (Kargl-Simard also sold 900,000 shares at C$1.02 recently. Taking care of his bottom line.)

Allegiance Coal currently trading at 15 cents. Market seems to like their move to purchase the New Elk mine. Altius is Allegiance’s biggest shareholder at 57.4 million shares, currently worth A$8.61 million. Altius owns so many damn shares of AHQ that it’s going to reap a big score if Allegiance executes its plans to become a met coal producer.

http://altiusminerals.com/uploads/2019-07-17--Altius-Q2-2019-royalty-revenue-FINAL.pdf Looks like Altius sold some LIF shares in Q2. C$3.494 million in LIF dividends / 90 cent per share Q2 dividend = 3.882 million shares of LIF. Last quarter Altius owned 6.3% or approximately 4.032 million shares of LIF. So Altius cashed out 150,000 shares when LIF spiked to C$34 to C$35. A quick C$5 million to help with the debt reduction campaign? Dalton in the last conference call did mention potentially establishing a small trading position within LIF holding.

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Ai7wBaZof9oke92GA%3D%3D Allegiance buys New Elk hard coking coal mine in Colorado for $1 and an agreement to pay US$11 million in debt settlement and reclamation bond. Mine is fully permitted and built. Looks like a turnkey operation. Altius is Allegiance’s largest shareholder and should benefit if Allegiance returns this mine to profitable operation.

https://www.google.com/amp/s/www.proactiveinvestors.com.au/companies/amp/news/223655 Lithium Royalty Corp spends A$8.125 million on a 2.5% royalty on the Finniss lithium project in Australia. Altius has a large equity position in LRC and has a 10% direct participation right in LRC’s royalty deals. This is LRC’s 4th royalty deal. Gaining weight for an eventual public listing. https://1hwvv3e8td62pxnul3irjfz1-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/1.-Q1-2019-Lithium-Royalty-Corp-Letter-to-Investors.pdf This is LRC’s Q1 2019 investor newsletter with corporate development highlights and an overview of the lithium market.

Altius reports spending C$803,088 to buy back 66,000 shares. Purchases in the second half of June. Yamana reports Chapada produced 31.23 million pounds of copper in Q2. Strong.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/551-tsx-venture/wlf/64063-wolfden-extends-high-grade-fwz-discovery-with-a-second-drill-hole.html Wolfden extends the footwall zone with a second drill hole hit. https://www.wolfdenresources.com/wp-content/uploads/2019/06/WolfdenPickettMtJun272019.pdf Wolfden’s current presentation shows the importance of the footwall zone to expanding the 4 million tonne resource at Mt. Pickett. It is potentially a long and rich lens.