Altius Minerals closes C$181.5M share offering

Altius Minerals Corporation (TSX: ALS, OTCQX: ATUSF) has completed a bought deal public offering of 3,000,000 common shares at C$60.50 per share, raising gross proceeds of C$181.5 million, according to a press release from the St. John's, Newfoundland-based company.

The offering was underwritten by a syndicate that included National Bank Financial Inc., Scotia Capital Inc., and TD Securities Inc. as co-bookrunners, alongside ATB Capital Markets Corp., Canaccord Genuity Corp., Raymond James Ltd., and BMO Capital Markets.

The company said it intends to use the net proceeds to strengthen its balance sheet following several acquisitions completed in 2026, as well as for general corporate purposes. Altius also noted that its credit facilities are being adjusted and expanded to reflect the integration of those acquisitions.

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