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Altius Minerals Announces Strategic ARR Acquisition

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Altius Minerals Announces Strategic ARR Acquisition

Altius Minerals (TSE:ALS) has released an update.

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Altius Minerals Corporation has announced that its subsidiary, Altius Renewable Royalties, will be partially acquired by Northampton Capital Partners for C$162 million, with the transaction set to finalize in Q4 2024. This strategic move will result in ARR being delisted from the TSX and operating under a joint ownership structure. The deal aligns with Altius’s focus on sustainability and growth in renewable energy and various commodities.

For further insights into TSE:ALS stock, check out TipRanks’ Stock Analysis page.

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