Latest news with #ProjectGeneration
National Post
07-07-2025
- Business
- National Post
Altius Provides 2nd Quarter 2025 Project Generation Update
Article content ST. JOHN'S, Newfoundland and Labrador — Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ('Altius') is pleased to update its Project Generation ('PG') business activities and its public junior equities portfolio. Article content The market value of equities in the portfolio at June 30, 2025 was $87.3 million, compared to $71.4 million at March 31, 2025. In addition, net cash proceeds of $293,000 were generated from modest portfolio sales. Article content Article content An updated list of the public equity holdings has been posted to the Altius website at Article content Portfolio Highlights Article content Overall performance of the portfolio during the quarter was largely driven by its holding of 39,557,961 common shares or an approximate 19.6% interest in Orogen Royalties Inc. (TSX-V:OGN) ('Orogen'), which announced a plan of arrangement with Triple Flag Precious Metals Corp. ('Triple Flag') on April 22 nd, 2025 effectively resulting in Triple Flag's acquisition of Orogen's 1.0% NSR royalty on the Expanded Silicon project. Altius subsequently reported its support of the agreement and at Orogen's Annual General and Special Meeting on June 27, 2025 shareholders overwhelmingly approved the Plan of Arrangement. Triple Flag is acquiring all the issued and outstanding common shares of Orogen for total consideration of approximately $421 million, or $2 per share. In exchange for Orogen shares, Altius will receive cash, Triple Flag shares, and 9,889,490 shares (16.7%) of a spin out company ('Orogen SpinCo') that will hold all of Orogen's exploration assets, early-stage royalties, and the producing Ermitaño royalty. Total implied gross proceeds to Altius are expected to be in the range of $80 million, with some variability depending on the final allocation of cash and shares and the value of Orogen SpinCo. This compares to an original cost base of under $15 million. Altius also renewed its exploration alliance with Orogen (henceforth Orogen SpinCo) for the fourth consecutive year, whereby both parties will continue to conduct early-stage mineral exploration work in Nevada. Altius also directly holds a separate 1.5% NSR royalty covering the Expanded Silicon project for which it is currently considering strategic alternatives. Article content Article content announced Article content Article content a potential new porphyry copper discovery at the La Coipita project in the San Juan Province of Argentina. Hole DDH-LC25-006 was highlighted by 621 metres ('m') grading 0.38% Cu, 0.07 g/t Au and 62 ppm Mo, from 410 m to 1,031 m, which included 114 m grading 0.70% Cu, 0.07 g/t Au and 81 ppm Mo, from 410 m to 524 m down-hole depth, interpreted as a secondary enrichment zone. The project lies within the Miocene porphyry-epithermal belt of Argentina and Chile which hosts significant porphyry Cu-Mo-Au mineral deposits such as Filo del Sol to the north and Los Azules, Los Pelambres, and El Pachón to the south. Article content The project is being advanced by a subsidiary of Teck Resources Limited under the terms of an earn-in and joint venture agreement between it and Abra. Altius holds a royalty acquisition right to acquire a 1.10% net smelter return royalty covering the project as part of a strategic equity investment in Abra in 2020 when it entered into the option agreement to acquire a 100% interest in the La Coipita project. As per the terms of the Option Agreement, the Vendor retained a 1.10% royalty and of Abra assigned to Altius an exclusive right to purchase the royalty for US$5,000,000 at any time up to the commencement of construction on the project. Article content In late June Altius sold its Roebucks base metals project in central Newfoundland to a private company, VMS Mining Inc. ('VMS'), for 10 million common shares while also retaining a 2.5% NSR royalty covering the project. Canstar Resources Inc. (TSX-V:ROX) ('Canstar') also announced the execution of a letter of intent (LOI) with VMS establishing terms for an $11.5-million exploration joint venture exploring the company's polymetallic volcanogenic massive sulphide assets in Newfoundland. Altius retains a 2% NSR royalty over certain mineral licenses in the Buchans/Mary March area being explored by Canstar. Altius also owns 11,855,524 (~8%) common shares of Canstar and a 2% NSR royalty covering its Golden Baie precious metals project in Newfoundland. Article content Altius is also presently active in evaluating and negotiating potential exploration alliances and/or investment opportunities that support royalty creation in multiple current and new jurisdictions. Article content Qualified Person Article content Lawrence Winter, Ph.D., Vice President, Generative and Technical for Altius, a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed, prepared and approved this release. Article content About Altius Article content Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius's commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,315,304 common 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. Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content Chad Wells Article content Article content Email: Article content Cwells@ Article content Article content Tel: 1.877.576.2209 Article content Flora Wood Article content Article content Email: Article content Article content Article content
Sydney Morning Herald
05-06-2025
- Business
- Sydney Morning Herald
He designed the new World Trade Centre. Now this superstar is building a Caulfield school
A Melbourne private school has snared one of the world's top architects to help design its new 'mega campus' on the site of Caulfield Racecourse in the city's inner south-east. Daniel Libeskind – who drew up the masterplan for rebuilding New York's World Trade Centre after it was destroyed in the 2001 terrorist attacks – will be announced on Friday as part of the design team for Mount Scopus College's new Caulfield campus. The private Jewish school kick-started its ambitious plans for an early learning to year 12 campus, a sports precinct and a centre for Jewish life last year with a $195 million deal to buy a large tract of the racecourse from the Victoria Racing Club. There are currently 1210 students enrolled at Mount Scopus' three campuses, in Burwood, Caulfield South and St Kilda East. Annual fees are more than $42,000 for students in its senior levels. Loading The school has dubbed the build 'Project Generation,' and says it is not only one of the largest educational developments under way in Australia, but also among the biggest projects ever undertaken for the nation's Jewish community. The project team will announce the design coup on Friday – with Libeskind, who shot to international renown with his design for Berlin's famous Jewish Museum – considered by some as the No 1 global contemporary architect. He has designed landmark buildings around the world, including Dublin's Grand Canal Theatre, the Royal Ontario Museum as well as the Berlin museum project, which electrified world architecture when it was built in 1999. University of Melbourne associate professor of architecture Rory Hyde was excited by the appointment, describing the 'hugely influential' Libeskind as the 'real deal' among the giants of modern architecture and a perfect fit to design a new centre for Australian Jewish life.
The Age
05-06-2025
- Business
- The Age
He designed the new World Trade Centre. Now this superstar is building a Caulfield school
A Melbourne private school has snared one of the world's top architects to help design its new 'mega campus' on the site of Caulfield Racecourse in the city's inner south-east. Daniel Libeskind – who drew up the masterplan for rebuilding New York's World Trade Centre after it was destroyed in the 2001 terrorist attacks – will be announced on Friday as part of the design team for Mount Scopus College's new Caulfield campus. The private Jewish school kick-started its ambitious plans for an early learning to year 12 campus, a sports precinct and a centre for Jewish life last year with a $195 million deal to buy a large tract of the racecourse from the Victoria Racing Club. There are currently 1210 students enrolled at Mount Scopus' three campuses, in Burwood, Caulfield South and St Kilda East. Annual fees are more than $42,000 for students in its senior levels. Loading The school has dubbed the build 'Project Generation,' and says it is not only one of the largest educational developments under way in Australia, but also among the biggest projects ever undertaken for the nation's Jewish community. The project team will announce the design coup on Friday – with Libeskind, who shot to international renown with his design for Berlin's famous Jewish Museum – considered by some as the No 1 global contemporary architect. He has designed landmark buildings around the world, including Dublin's Grand Canal Theatre, the Royal Ontario Museum as well as the Berlin museum project, which electrified world architecture when it was built in 1999. University of Melbourne associate professor of architecture Rory Hyde was excited by the appointment, describing the 'hugely influential' Libeskind as the 'real deal' among the giants of modern architecture and a perfect fit to design a new centre for Australian Jewish life.
