Altius Minerals (ALS.TO) renewed its normal course issuer bid (NCIB) to buy back and cancel up to 587,482 shares, it said in a statement on Wednesday.
The bid, which is subject to regulatory approval, will start Aug. 22 and run for 12 months.
Under its current bid which expires on Aug. 21, 2026, Altius said that as of Aug. 17, it repurchased a total of 249,800 shares at a weighted average price of C$42.30 per share.
Shares of the company were last seen up 1.4% at C$62.34 on the Toronto Stock Exchange.
Price: $62.47, Change: $+0.97, Percent Change: +1.58%