Altius wins final Silicon royalty arbitration award

Executive Summary

• Altius Minerals Corp. received a final arbitration award confirming its 0.5 % NSR royalty covers ~195.6 sq km in Nevada’s Silicon (Arthur) gold district.
• The award satisfies the royalty‑area condition of Altius’ recent sales agreement with Franco‑Nevada Corp., triggering a $25 million contingent payment to Altius once appeal periods expire.
• The expanded royalty footprint enhances Altius’ exposure to future production from the district and supports its growth strategy.

Key Details

• Arbitration tribunal affirmed that the 0.5 % NSR royalty applies to:
• All of the 26.8‑sq km base area of interest (AOI) defined in the February 20, 2015 royalty agreement.
• Additional surrounding lands totaling ~168.8 sq km, for a combined royalty area of approximately 195.6 sq km.
• The award meets the royalty‑area requirement set out in Altius’ recent sales agreement with Franco‑Nevada Corp. for a 1.0 % NSR royalty.
• Upon expiration of any appeal or challenge periods, the agreement provides an additional $25 million (U.S.) contingent payment to Altius.
• No immediate cash flow impact until the contingency is satisfied; however, the decision removes uncertainty around the royalty’s geographic scope.

Notable Quotes

(No direct quotes were provided in the release.)