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Altius Minerals Corporation (TSX:ALS) announced an update on projects in the Labrador West iron ore district.
Altius Minerals Corporation (TSX:ALS) announced an update on projects in the Labrador West iron ore district.
As quoted in the press release:
In particular, Altius has active exploration agreements with Rio Tinto Exploration Canada and Century Iron Mines (TSX:FER). Altius is also a co-founder and the largest shareholder of Alderon Iron Ore Corp (TSX:ADV). These agreements cover several individual project areas that range from early stage through to feasibility stage that are all subject to underlying Altius royalties. Expenditures on these Altius generated projects are anticipated to reach approximately $40 million in 2012.
Click here to read the Altius Minerals Corporation (TSX:ALS) press release.
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