Altius Provides 3rd Quarter 2026 Project Generation Update
ST. JOHN'S, Newfoundland, October 19, 2026--Altius Minerals Corporation (TSX:ALS) (OTCQX:ATUSF) ("Altius") is pleased to update its Project Generation ("PG") business activities and its junior equities portfolio for the quarter ended September 30, 2026.
The market value of equities in the portfolio at September 30, 2026 was approximately $97.6 million, compared to $80.4 million at June 30, 2026. Net portfolio investment of approximately $5.0 million was completed during the quarter.
The main investments during the quarter were a $1.7 million follow-on investment in TNR Gold Corp. (TSX-V: TNR), participation in the Centauri Minerals Inc. (TSX-V: CENT) seed financing prior to their IPO and an approximate 5% shareholding and further investment into private exploration company Gilpas Resources Ltd.
The largest holding in the portfolio remains Orogen Royalties Inc. ("Orogen") (TSX-V: OGN), where Altius holds an approximately 17% interest. During the quarter, Orogen added four new copper and gold projects to its property portfolio, all within southwestern USA. In addition, Orogen acquired a 2% NSR royalty on the Haldane high-grade silver project in the Yukon and announced an exploration alliance with Arum Discovery in Norway for the generation of orogenic gold targets. Orogen holds over $33 million in working capital and in H1-2026 received over $6 million revenue from its royalty and prospect generation business. Altius also continues in an exploration alliance with Orogen in Nevada updated below.
An updated list of the public equity holdings has been posted to the Altius website at https://altiusminerals.com/investor-information/junior-equities-portfolio/.
Development and Exploration Stage Royalty Updates
The Altius-Orogen Alliance was established in 2022 to generate precious metal exploration targets in central and southern Nevada, focused on mineral systems considered geologically analogous to the Arthur Project in Nevada. To date, seven projects have been generated with five of those now vended and converted to equity holdings and retained royalties. The most recent gold project to be generated and staked is the Serpent Project, located 100 km northeast of Arthur. The project hosts a new discovery of multi-kilometre scale, structurally controlled low sulphidation epithermal gold- and silver-bearing silicification and adularia with anomalous mercury-arsenic-antimony, recognized initially from an eight kilometre long trend of kaolinite and illite alteration identified from airborne hyperspectral data.