Altius Minerals Corporation Reports Annual Net Earnings of $21 Million

Altius Minerals Corporation (TSX:ALS) reported net earnings of $20,963,000 for the year ended April 30, 2010 compared to net earnings of $28,501,000 for the prior year.

The press release is quoted as saying:

Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. The Corporation has a strong financial position with approximately $204 million in cash and investments and no debt. Altius owns an effective 0.3% net smelter return in the producing Voisey’s Bay nickel-copper-cobalt mine located in Labrador, Canada and has numerous active mineral exploration agreements principally in eastern Canada targeting a variety of mineral commodities. Altius is a member of the TSX SmallCap index and currently has 28,556,895 shares outstanding.

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