Altius Minerals Corporation Closes C$181.5 Million “Bought Deal” Public Offering of Common Shares
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Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (“Altius” or the “Company”) is pleased to announce that it has completed its previously announced bought deal public offering of 3,000,000 common shares of the Company (the “Common Shares”) at a price of C$60.50 per Common Share (the “Issue Price”), for aggregate gross proceeds of C$181,500,000 (the “Offering”).
The Offering was conducted by a syndicate of underwriters, with National Bank Financial Inc., Scotia Capital Inc., and TD Securities Inc. acting as co-bookrunners, together with ATB Capital Markets Corp., Canaccord Genuity Corp., Raymond James Ltd. and BMO Capital Markets.
The Company intends to use the net proceeds of the Offering to strengthen the Company’s balance sheet following the completion and announcement of several acquisitions to date in 2026 as well as for general corporate purposes. Together with Altius’ credit facilities that are currently being adjusted and expanded to reflect the integration of its acquisitions, the net proceeds of the Offering will bolster Altius’ liquidity and better position it to consider additional accretive opportunities while maintaining its conservative leverage profile.
