Altius Minerals is pleased to report that it has completed three new agreements covering eight exploration projects from its project generation portfolio. This brings the total number of exploration projects that it has structured into equity/option and royalty agreements to 22 over the past 11 months.
It is anticipated that partner‐funded drilling programs in Canada, the Republic of Ireland and Chile will occur in 2017 and that further details will be provided as partner budgets are finalized.
This is the business model for Altius. Option land to third parties which will then explore and hopefully develop any commercially found deposits. Altius will hold a royalty on any developed property. Very low risk for Altius yet tremendous optionality at very low cost.