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LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
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Altius's equities portfolio at $49.3M at Dec. 31

By The Northwire Desk — AI Analysis Jan 08, 2026 · 19:30 ALS · 43.12 Altius Minerals Corporation
ALS · Price

Executive Summary

  • Altius Minerals reported a Q4 2025 project generation update, with its public junior equity portfolio reaching a market value of $49.3 million as of Dec. 31, 2025, up from $44.0 million at the end of Q3.
  • The company executed approximately $1.3 million in net portfolio investments, including financing Centauri Minerals, increasing its stake in Perseverance Metals, and receiving equity/royalty considerations for the vending of the Firenze and Celts gold projects.
  • Altius anticipates a highly active exploration cycle ahead, with portfolio companies announcing over 75,000 metres of planned discovery-oriented drilling, alongside continued evaluation of new exploration alliances and royalty-generating opportunities.

Key Details

  • Portfolio Valuation: Market value of public junior equities stood at $49.3 million as of Dec. 31, 2025, compared to $44.0 million at Sept. 30, 2025.
  • Q4 Investment Activity: Net portfolio investment of approximately $1.3 million was completed during the quarter.
  • Centauri Minerals: Altius participated in the financing of this newly formed private company.
  • Perseverance Metals Inc.: Altius increased its existing equity position.
  • Firenze Gold Project (Nevada): Project was vended to a developer; Altius received equity shares and retained a 1.5% net smelter return (NSR) royalty, subject to a 0.5% buydown right.
  • Celts Project: Altius received shares in Eminent Gold Corp. as consideration for a prior period sale.
  • Project Origin: Both the Firenze and Celts projects were developed through Altius's ongoing exploration alliance with Orogen Royalties Inc.
  • Exploration Outlook: More than 75,000 metres of planned, discovery-oriented drilling announced by portfolio companies for the upcoming year, supplemented by significant planned drilling at operating and development-stage royalty projects.
  • Strategic Mandate: Ongoing evaluation of potential exploration alliances and junior equity investments designed to create royalties across multiple jurisdictions.
  • Qualified Person: Lawrence Winter, PhD, PGeo, Vice-President, Generative and Technical, reviewed and approved the scientific and technical data.
Read the original news release →

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