Altius Minerals (ALS.TO) on Wednesday afternoon provided updates on its project-generation business activities and its junior-equities portfolio.
The company said as of March 31, the market value of equities in its portfolio had grown to about $70 million from $49.3 million at the end of 2025. It also took part in funding rounds for three companies it already invests in, namely High Tide Resources, Perseverance Metals (PMI.V), and Sun Valley Minerals.
The company also plans to invest $4.2 million in TNR Gold (TNR.V), pending TSXV approval. This would give Altius nearly a 10% ownership stake. TNR holds royalty interests in two mining projects in Argentina and as part of the deal, Altius would gain a "right of first offer."
Separately, Orogen Royalties (OGN.V) and Altius, through their joint partnership, signed a binding letter of intent on March 2 with Toogood Gold related to a gold project in Nevada. To earn ownership of the Table Mountain project, Toogood will issue nearly 16.7 million shares to the partnership over two years. Altius and Orogen will keep a 3% net smelter return royalty subject to certain partial buydown provisions.
"As part of its project generation investment mandate Altius continues to evaluate potential exploration alliances and junior equity investment opportunities that support royalty creation across multiple jurisdictions," the company said.
The company's shares closed up $0.49 to $52.07 on the Toronto Stock Exchange.