Manufacturing

Altius Releases 1st Quarter 2018 Project Generation Update

April 27, 2018

Altius Minerals Corp. updated its Project Generation (PG) business activities and its public junior equities portfolio.

In a release on April 24, the Company noted market value of the junior equities portfolio at the close of trading April 23, was $52.9 million.

This value includes an increased shareholding in Alderon Iron Ore Corp., as detailed in a press release dated March 23. It does not include a $10 million debenture that is convertible into Champion Iron Ore shares, various in-the-money share purchase warrants or other equities to be received in exchange for announced project transactions that remain subject to final closing.

Project Updates and New Agreements

Altius continued to advance the new diamond discovery at its Lynx project in Manitoba during the quarter with the execution of an Exploration Agreement with the Bunibonibee Cree Nation. Microdiamond analysis data received to date from 15 samples from the Eastern Bay zone has yielded 1,693 microdiamonds (+0.106 mm to +0.850 mm size fraction) from 240 kg of ultramafic host units collected over an approximately 3 km strike length. An independent NI 43-101 report will be provided in Q2 as Altius prepares to launch a new public company vehicle around the project. This is anticipated to be undertaken in partnership with certain strategic investors in order to facilitate the advancement of the project through bulk sampling programs as quickly as technically feasible.

Aethon Minerals Corp. is expected to begin trading in the first week of May. Aethon was created when Altius vended a portfolio of copper-gold projects to Watusi Capital Corp. As a condition of the transaction, Aethon raised $7.7 million via a non-brokered private placement led by Sprott Capital Partners and affiliates.

Following the transaction Altius will hold or control approximately 19.9 percent of Aethon and a 2 percent gross sales royalty covering its current portfolio of projects.

A Letter of Intent has been executed to vend the Sail Pond silver-copper-lead-zinc project, located in northwestern Newfoundland, to New Found Gold Corp. (NFG). As consideration, Altius will receive 12 million common shares of NFG and will retain a 2 percent net smelter return (NSR) royalty over the project. Other key conditions of the Letter of Intent include NFG listing its common shares on a recognized Canadian stock exchange and raising a minimum of $7.5 million via a private placement, of which Altius would invest a minimum of $1 million.

Altius has received 7,754,371 common shares of Sokoman Iron Corp. as payment for its option of the Moosehead gold project in Central Newfoundland while retaining a 2 percent NSR royalty.

Junior Equities Portfolio Highlights

In April, Adventus Zinc Corp., in which Altius holds an approximately 27 percent shareholding, released infill drilling results from the El Domo VMS deposit at its Curipamba copper-lead-zinc project in Ecuador. To date Adventus has completed approximately 2,100 metres of its planned 7,500 metre program. Seven drill holes have returned significant intersections of semi-massive to massive sulphide mineralization with a highlight being drill hole CURI-250 which intersected 10.35 metres grading 3.85 percent copper, 5.12 g/t gold, 10.34 percent zinc, 139.0 g/t silver, and 0.95 percent lead. On April 16th, Evrim Resources Corp. announced significant exploration results from its 100 percent-owned Cuale gold project in Mexico that included assays from a surface trench that graded 13.61 g/t gold (uncut) over 106.2 metres. Altius holds a 1.5 percent NSR royalty for precious metals on the Cuale Project and is Evrim's largest shareholder with approximately 17 percent of the outstanding shares of the company plus additional common share purchase warrants.

On April 4th, Wolfden Resources Corp. announced results from five of the 15 holes drilled in the current 10,000 metre exploration program at its Picket Mountain Project in Maine, with the highlight being an intercept of 7.9 metres grading 14.8 percent Zn, 5.7 percent Pb, 2.4 percent Cu, 187.3 g/t Ag & 1.3 g/t Au from hole PM-18-007. The intent of this program is to confirm and expand upon historical drilling done in the 1980s as Wolfden works to complete a qualified mineral resource estimate by year end.

More Information:

http://www.altiusminerals.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

THE DAILY VIEW

  • Alexandra Scarborough
    Gilt and Sarah Jessica Parker Unveil SJP by Sarah Jessica Parker Bridal Collection for Spring

    Sarah Jessica Parker, in partnership with Gilt, kicked off the exclusive launch of SJP by Sarah Jessica Parker Bridal, Gilt’s first foray into bridal ready-to-wear that would have Carrie Bradshaw swooning.

    The collection includes dresses, skirts, bodysuits and other pieces, ranging in price from $295 to $2,395 and from sizes 0 to 14.

    "Collaborating with Gilt on my first bridal ready-to-wear collection was an opportunity I couldn't pass up," said Sarah Jessica Parker. "The team there is brilliant and allowed me to be imaginative and take risks as I was designing for the non-traditional bride. It has been quite fun to play around with colors, fabrics and details to create unique pieces for all kinds of brides." The collection, comprised of ten styles, is inspired by Parker's vision of a modern, non-traditional bride, and is designed to dress a woman for a variety of wedding milestone moments; from her bridal shower through her wedding reception. Styles offered are a unique mix of classic dresses and gowns, modern bodysuits, full skirts, and a jumpsuit. The color palette includes traditional bridal white, sleek black, plus pops of blush, poppy, light gray and blue.

    Designed in collaboration with Gilt, the collection was produced in New York City utilizing fabrics like cashmere and stretch crepe sourced from Spain, Italy and France.

    The pieces all feature carefully curated details like elegant bows, sophisticated cutouts, feathers, intricate embroidery and beautiful hand-stitched beading. 

    The actress and style icon is no stranger to chic bridal wear. Carrie Badshaw, famously played by Parker, took part in an elaborate bridal photo shoot in Sex and the City: The Movie. The shoot featured gowns from designers like Christian Lacroix and Lanvin. Parker famously wore a black wedding gown for her own wedding to Matthew Broderick in 1997.

    "Not only is Sarah Jessica Parker's style known around the world, her point of view is one-of-a-kind," says Tom Ott, Chief Merchant of Gilt. "Sarah Jessica brings her impeccable taste and fashion sensibility to life in this collection. We think our customers will be delighted with the offering which is stylish and well-priced in the bridal category."

    As part of the bridal launch, Gilt will also offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear line, each of which are complementary to the bridal collection. 

    To correspond with the bridal collection launch, Gilt City will present offers from some of Sarah Jessica Parker's favorite places in New York City.

    The offers were each chosen as a way to help brides plan for and celebrate the big day with highlights including, Leather Spa, Lars Nord Studio Tailoring, Mah-Ze-Dahr Bakery, among others.

    More Information:
    http://www.Gilt.com/SJP

  • Alexandra Scarborough
    Tea Forté Introduces ‘Matcha’ Collection

    Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.

    The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.

    "The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."

    Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.

    According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.

    Available now in select stores and online at teaforte.com.

 

 

QUICK 5


Expedia.com has released a year-end look at U.S. traveler behavior and trends for 2017, analyzing data to identify the most in-demand destinations, hotels, activities and more.

Among other insights, the roundup revealed:
  1. Labor Day was the busiest weekend for car rental
  2. Disney Theme Parks topped the list of things to do
  3. The average hotel stay was two nights
  4. Top destinations based on 2017 air travel included major global cities like New York, London and Bangkok
  5. Popular tourist destinations included Orlando, Cancun and Las Vegas