Altius Minerals gets $25-million contingent payment

Executive Summary

• Altius Royalty Corp. received a contingent payment of $25 million (U.S.) related to the sale of a partial royalty interest in the Arthur gold project to a subsidiary of Franco-Nevada Corp.
• The payment concludes an arbitration process that defined the extent of the royalty lands, confirming the royalty covers approximately 195.6 square kilometers.
• The release also highlights the Arthur gold project's recognition with the PDAC's 2026 Thayer Lindsley Award and provides an update on AngloGold Ashanti’s drilling program and resource conversion plans.

Key Details

• Contingent Payment: Altius Royalty Corp. received $25 million (U.S.), less withholding taxes.
• Transaction Context: Payment relates to the sale of a partial royalty interest in the Arthur gold project to a wholly owned subsidiary of Franco-Nevada Corp. (FNV).
• Arbitration Resolution: The payment follows the conclusion of an arbitration process that defined the extent of royalty lands, satisfying conditions set out in the agreement completed in July.
• Royalty Structure: Altius and Franco-Nevada hold respective one-third and two-third interests in a 1.5% Net Smelter Return (NSR) royalty.
• Royalty Land Extent: The royalty is confirmed to cover an approximate 195.6-square-kilometre area within the mineral district.
• Award Recognition: AngloGold Ashanti PLC, Renaissance Gold, and Callinan Royalties received the PDAC's 2026 Thayer Lindsley Award for the discovery of the Silicon and Merlin gold-silver deposits (Arthur gold project), described as "one of the most significant greenfield gold discoveries in the United States in over a decade."
• Mineral Resources:
  • Merlin: 12.1 million ounces gold (Moz) inferred.
  • Silicon: 3.4 Moz indicated and 0.8 Moz inferred.
• Operator Activity (AngloGold Ashanti):
  • Currently completing an extensive drilling program to convert mineral resources to mineral reserves by year-end.
  • Goal is to support delivery of a prefeasibility study in early 2026.
  • Plans to expand on known mineralized structures between Silicon and Merlin.
  • Plans to test several additional resource expansion targets in 2026 to 2027.

Notable Quotes

• "Altius also congratulates the teams of AngloGold Ashanti PLC, Renaissance Gold and Callinan Royalties for being honoured as the recipients of the PDAC's 2026 Thayer Lindsley Award."