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Altius Minerals renews NCIB to buy back up to 4% shares

By The Northwire Desk — AI Analysis Aug 18, 2025 · 17:27 ALS · 29.23 Altius Minerals Corporation
ALS · Price

Executive Summary

  • Altius Minerals Corp. renewed its Normal Course Issuer Bid (NCIB), allowing the company to purchase up to 1,864,265 common shares (≈4.02% of outstanding shares) between Aug. 22 2025 and Aug. 21 2026.
  • The NCIB will be executed through TSX facilities with a daily maximum of 22,105 shares (≈25% of average daily trading volume).
  • To date, Altius has purchased 215,100 shares under the prior NCIB at a weighted‑average price of $25.69 per share.

Key Details

  • Authorized Purchase Amount: Up to 1,864,265 common shares (≈4.02% of 46,315,304 outstanding shares).
  • Program Period: Commences Aug. 22 2025; terminates no later than Aug. 21 2026.
  • Daily Purchase Limit: Maximum of 22,105 shares per day, representing ~25% of the average daily trading volume (ADTV) of 88,423 shares over the prior six months.
  • Shares Purchased to Date (under previous NCIB): 215,100 shares at a weighted‑average price of $25.69 per share.
  • Maximum Authorized Shares under Prior NCIB: 1,865,313 shares.
  • Purpose Statement: Board believes Altius’s intrinsic value may exceed market price; repurchasing shares is deemed an appropriate use of funds.
  • Regulatory Condition: Bid subject to regulatory approval.
  • Share Cancellation: Any shares purchased under the NCIB will be cancelled and returned to treasury.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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