Altius Resources Inc. Receives Shares and Royalty from Labrador Uranium Inc.

ST. JOHN’S, Newfoundland and Labrador–( BUSINESS WIRE )– Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) reports that on February 22, 2022 Altius Resources Inc. (“Altius Resources”), a wholly owned subsidiary of the Corporation, completed its previously announced transaction with Labrador Uranium Inc. (“LUR”) and its parent company, Consolidated Uranium Inc. (“CUR”) (CUR:TSXV). LUR has accordingly acquired a 100% interest in the Central Mineral Belt Uranium-Copper Project and the Notakwanon Uranium Project in Labrador (the “Altius Projects”) from Altius in exchange for 8,000,000 common shares of LUR (the “Shares”) and a 2% gross overriding royalty on the Altius Projects.

Early Warning Disclosure

Pursuant to this transaction Altius acquired 8,000,000 LUR Shares, representing approximately 16.8% of the issued and outstanding LUR Shares on a non-diluted basis. The Shares are subject to a hold period expiring four months and one day from issuance. Prior to completion of this transaction Altius did […]

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