Altius Reports Net Loss, Sees Progress

Altius Minerals Corporation (TSX:ALS) reported net loss attributable to common shareholders of $0.17 per share for the year ended April 2012 compared to the year before.

As quoted in the press release:

The current year was affected primarily by the losses in the share of associates and a general decline in the market value of investments. The previous year’s earnings included a pre-tax gain of $84,675,000 recorded on the sale of the Corporation’s Kami property to Alderon Iron Ore Corporation (“Alderon”).

The Corporation saw significant progress on its wholly owned and partner-funded project interests during the year, particularly in the Labrador West iron ore mining district. Additional information on the Corporation’s results of operations is included in the Corporation’s MD&A, Financial Statements, and Annual Information Form, which were filed on SEDAR today.

Click here to read the Altius Minerals Corporation (TSX:ALS) press release.