Altius provides Q3 project generation, equity update

Executive Summary

• Altius reported $67.6 M cash proceeds from Orogen’s plan of arrangement and received ~9.89 M Orogen shares valued at ~$25 M, bringing total transaction consideration to >$92 M for the Arthur NSR royalty acquisition.
• On July 23 2025 Altius sold 1 % of its own 1.5 % NSR royalty on the Arthur project for $275 M USD (≈$375 M CAD).
• The company made multiple equity investments and secured new royalty/option agreements, including a $1.3 M stake in Sun Valley Minerals and an exclusive option to purchase the Firenze gold project for up to $400 k USD.

Key Details

• Portfolio Valuation: Market value of equities in Altius’s public junior portfolio declined to $44.0 M at Sept‑30 2025 from $87.3 M at June‑30 2025.
• Orogen Transaction: Received $67.6 M cash plus 9,889,490 Orogen shares (≈$25 M) for the acquisition of a 1 % NSR royalty on the Arthur gold project; total consideration >$92 M versus original cumulative investment < $15 M.
• Royalty Sale: Sold 1 % of its own 1.5 % NSR royalty covering the Arthur project for $275 M USD (≈$375 M CAD).
• Equity Investments:
• $1 M invested in Blue Moon Metals Inc. public offering.
• $250,000 invested in Perseverance Metals Inc.; holds 7.35 % of Perseverance and retains a 2 % NSR on the Voyageur nickel project sold to Perseverance in 2024.
• Partner Project Updates:
• Eminent Gold Corp completed two IP lines at Celts gold project; Altius holds equity and a 1.5 % NSR with a 0.5 % buydown right.
• Altitude Minerals Ltd. granted exclusive option (50/50 with Orogen) to purchase Firenze gold project for up to $400 k USD, retaining a 1.5 % NSR and 0.5 % buydown right.
• Wolfden Resources completed first 600‑m core hole of ~1,800‑m program at Rockland gold project; Altius holds >10 % equity.
• Sun Valley Minerals Agreement: $1.3 M equity investment for a 9.2 % stake, plus rights to first offer on land underlying Uruguayan mineral titles that could convert to a 1 % gross sales royalty.
• Operational Highlights from Orogen (Sept‑24 2025): Active drilling in seven partner‑financed programs across Nevada, British Columbia, Colombia, and Western Kenya where Orogen holds projects or royalties.

Notable Quotes

(No direct CEO/President quotes were included in the release.)