Aethon Mineral Resources
In early May 2018 Altius effectively sold its portfolio of copper projects it had generated in Chile in partnership with Mining Equity Fund from 2013-2016 to Aethon Mineral Resources (http://www.aethonminerals.com/) in collaboration with Sprott Capital Partners for 11.2 million shares and a 2% NSR royalty covering the portfolio of which Altius owns an effective 49% interest. This is the 5th spin out from Altius since 2005 that have collectively culminated in more than a billion in market capitalization value.
More than 16 high quality projects covering >130,000 hectares of prospective lands in productive metallogenic belts like the Arcas and Maricunga Projects were opportunistically generated over a 4 year period by Altius during the prolonged downturn in the market. The exploration work that generated this collection of properties in Chile focussed upon high sulphidation gold-silver systems with emphasis on grade and porphyry copper-gold systems with favorable economics.
In late July 2019 Aethon announced an effective merger with AbraPlata, a public company focused on the advancement of the Diablillos project in Argentina which is a relatively well-known large silver-gold resource of ~40 million oz silver eq. and reasonable exploration upside potential. The overall rationale of the merger is to marry Aethon’s cash with a prospective silver project at a time in the market when silver is generating substantial investor attention.
For further information please visit http://www.aethonminerals.com/