Altius receives arbitration award for Nevada gold district royalty

Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) received a final arbitration award determining the extent of its royalty interests in Nevada's Silicon gold district, also known as the Arthur Gold district.

The arbitration tribunal ruled that Altius holds a 0.5% net smelter returns royalty over approximately 195.6 square kilometers within the district. This includes the 26.8 square kilometer base area of interest specified in a February 20, 2015 royalty agreement, plus an additional 168.8 square kilometers of surrounding areas.

The award satisfies requirements outlined in a sales agreement between Altius and Franco-Nevada Corporation for a 1.0% net smelter returns royalty. This triggers an additional $25 million contingent payment to Altius once any appeal or challenge periods expire.

The arbitration resolved disputes over the geographic scope of Altius's royalty interests under the 2015 agreement. The company said a map depicting the awarded royalty area is available on its website.

Altius operates a diversified portfolio of royalty assets and runs a project generation business that creates mineral projects for sale to developers in exchange for royalties. The company has 46,315,304 common shares outstanding listed on the Toronto Stock Exchange.

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