Altius Minerals Corporation Reports Annual Net Earnings of $70,239,000

Altius Minerals Corporation (TSX:ALS) reports net earnings of $70,239,000 or $2.42 per share for the year ended April 30, 2011.

The press release is quoted as saying,

The current year’s earnings include a recognized pre-tax gain of $84,675,000 on the transfer of 100% of its interest in the Kami iron ore mineral property to Alderon Resource Corporation (“Alderon”) in exchange for 32,285,006 shares of Alderon.

For the complete press release, click here.