Midland - James Bay Projects
In mid 2018 Altius restructured its 50/50 James Bay exploration alliance with Midland Exploration Inc. (MD:TSX-V) to a shareholding in Midland. Consistent with its strategy Altius converted its 2 years of exploration expenditures and 50% project ownership to an equivalent value in shares of Midland plus retention of a 1% underlying NSR royalty to all projects generated by the Alliance. The 2 years of exploration by the alliance and the work since then by Midland has already resulted in generation of several prospective target areas including the Mythril copper-gold project (https://www.midlandexploration.com/projet/mythril/) which is being actively drilled by Midland as part of a strategic financing with BHP.
For further information regarding Midland and their exploration efforts focused in Quebec please visit their website at www.midlandexploration.com.