08:27 AM EDT, 10/03/2024 (MT Newswires) -- Altius Minerals ( ATUSF ) on Thursday said the value of equities held in its portfolio rose 17% in the third quarter.

The royalty company said the market value of the equities it acquired through founding stakes and option-related payments rose to $65.3 million at the end of September, up from $55.8 million at the end of the second quarter. Altius said the figure does not include $6.5 million realized from sales of its holdings during the quarter.

The company holds a royalty interest in 11 properties, including six potash mines and a coal mine in Western Canada, as well as a royalty on the Voisey's Bay mine in Labrador. It also has streaming investment in Lundin Mining's (LUN.TO) Chapada Mine in Brazil, among other holdings.

Altius also noted updates from its portfolio companies, including record revenue from Orogen Royalties ( OGNRF ) , the closing of Silvercorp Metals ( SVM ) acquisition of Adventus Mining, and a successful financing completed by Churchill Resources ( CRICF )

The company's shares closed down $0.22 to $26.08 Wednesday on the Toronto Stock Exchange.