ST. JOHN’S, Newfoundland and Labrador, August 20 — Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (“Altius” or the “Corporation”) is pleased to announce that it has renewed its Normal Course Issuer Bid (“NCIB”) by which it may purchase at market price up to 587,482 common shares (“Shares”), being approximately 1% of the 58,748,220 common shares issued and outstanding as of August 11, 2026, through the facilities of the Toronto Stock Exchange (“TSX”) or a Canadian alternative trading system. The bid is subject to regulatory approval. The NCIB will commence August 22, 2026 and will end no later than August 21, 2027. Any Shares purchased during the NCIB will be cancelled and returned to treasury.
The TSX rules permit Altius to purchase through TSX facilities a daily maximum of 65,157 Shares under the NCIB, being approximately 25% of the average daily trading volume (ADTV) of 260,629 shares in the preceding six calendar months of trading prior to the bid.
Under its current NCIB, which commenced on August 22, 2025 and will terminate on August 21, 2026, Altius has purchased, as of August 17, 2026, a total of 249,800 Shares through market purchases on the TSX at a weighted average price of $42.30 per Share, while its approval allowed for it to purchase a maximum number of 1,864,265 Shares.
The reason for the NCIB is that, in the opinion of the board of directors, the value of Altius, based on anticipated cash flows and underlying asset values, is from time to time greater than the market price of the Shares and accordingly the acquisition of Shares under the NCIB represents an appropriate use of funds. Altius has had an active NCIB program every year since 2010.