{"id":408638,"date":"2021-01-05T09:04:23","date_gmt":"2021-01-05T14:04:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=408638"},"modified":"2021-01-05T09:04:23","modified_gmt":"2021-01-05T14:04:23","slug":"altius-provides-update-on-coal-litigation-hearings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/","title":{"rendered":"Altius Provides Update on Coal Litigation Hearings"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Altius Provides Update on Coal Litigation Hearings<\/b><\/p>\n<p>ST. JOHN\u2019S, Newfoundland and Labrador&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX)<\/b> (\u201cAltius\u201d or the \u201cCorporation\u201d) would like to update investors in connection with its lawsuit against both the Governments of Canada and Alberta (collectively, the \u201cDefendants\u201d) in relation to regulatory changes that will force the discontinuation of coal-fired electrical generation from the Genesee and other Alberta power plants by 2030. The lawsuit seeks compensation for actions that Altius believes are tantamount to expropriation of its Genesee royalty asset.\n<\/p>\n<p>\nIn the Company\u2019s most recent MD&amp;A disclosure Altius noted that the Defendants had filed an application for dismissal of the Altius Statement of Claim and that this had been set for hearing by the Alberta Court of Queen\u2019s Bench (the \u201cCourt\u201d) on December 8-11, 2020. This hearing took place before a Master of the Court on those dates. On January 4, 2021, the Master granted the application to dismiss the Statement of Claim on a summary basis and without a trial.\n<\/p>\n<p>\nAltius believes that this decision is in error and incorrectly applies the law on taking and constructive expropriation. It is entitled to a full hearing before a Justice of the Court and intends to appeal the decision to a Justice of the Court promptly.\n<\/p>\n<p><b>About Altius <\/b><\/p>\n<p><span style=\"font-weight:normal\">Altius\u2019s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius\u2019s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 41,464,462 common shares issued and outstanding that are listed on Canada\u2019s Toronto Stock Exchange. It is a member of both the S&amp;P\/TSX Small Cap and S&amp;P\/TSX Global Mining Indices.<\/span><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210105005583r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210105005583\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210105005583\/en\/<\/a><\/span><\/p>\n<p><b>Flora Wood<br \/>\n<\/b><br \/>Email: <a rel=\"nofollow\" href=\"mailto:Fwood@altiusminerals.com\">Fwood@altiusminerals.com<br \/>\n<\/a><br \/>Tel: 1.877.576.2209<br \/>\n<br \/>Direct: +1(416).346.9020\n<\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Legal Natural Resources Coal Alternative Energy Energy Professional Services Mining\/Minerals<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210105005583\/en\/850214\/3\/4320321cArtboard_3-100-%28002%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Altius Provides Update on Coal Litigation Hearings ST. JOHN\u2019S, Newfoundland and Labrador&#8211;(BUSINESS WIRE)&#8211;Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (\u201cAltius\u201d or the \u201cCorporation\u201d) would like to update investors in connection with its lawsuit against both the Governments of Canada and Alberta (collectively, the \u201cDefendants\u201d) in relation to regulatory changes that will force the discontinuation of coal-fired electrical generation from the Genesee and other Alberta power plants by 2030. The lawsuit seeks compensation for actions that Altius believes are tantamount to expropriation of its Genesee royalty asset. In the Company\u2019s most recent MD&amp;A disclosure Altius noted that the Defendants had filed an application for dismissal of the Altius Statement of Claim and that this had been set for hearing by the Alberta &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Altius Provides Update on Coal Litigation Hearings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-408638","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Altius Provides Update on Coal Litigation Hearings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altius Provides Update on Coal Litigation Hearings - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Altius Provides Update on Coal Litigation Hearings ST. JOHN\u2019S, Newfoundland and Labrador&#8211;(BUSINESS WIRE)&#8211;Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (\u201cAltius\u201d or the \u201cCorporation\u201d) would like to update investors in connection with its lawsuit against both the Governments of Canada and Alberta (collectively, the \u201cDefendants\u201d) in relation to regulatory changes that will force the discontinuation of coal-fired electrical generation from the Genesee and other Alberta power plants by 2030. The lawsuit seeks compensation for actions that Altius believes are tantamount to expropriation of its Genesee royalty asset. In the Company\u2019s most recent MD&amp;A disclosure Altius noted that the Defendants had filed an application for dismissal of the Altius Statement of Claim and that this had been set for hearing by the Alberta &hellip; Continue reading &quot;Altius Provides Update on Coal Litigation Hearings&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T14:04:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210105005583r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altius-provides-update-on-coal-litigation-hearings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altius-provides-update-on-coal-litigation-hearings\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Altius Provides Update on Coal Litigation Hearings\",\"datePublished\":\"2021-01-05T14:04:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altius-provides-update-on-coal-litigation-hearings\\\/\"},\"wordCount\":422,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altius-provides-update-on-coal-litigation-hearings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210105005583r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altius-provides-update-on-coal-litigation-hearings\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altius-provides-update-on-coal-litigation-hearings\\\/\",\"name\":\"Altius Provides Update on Coal Litigation Hearings - 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JOHN\u2019S, Newfoundland and Labrador&#8211;(BUSINESS WIRE)&#8211;Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (\u201cAltius\u201d or the \u201cCorporation\u201d) would like to update investors in connection with its lawsuit against both the Governments of Canada and Alberta (collectively, the \u201cDefendants\u201d) in relation to regulatory changes that will force the discontinuation of coal-fired electrical generation from the Genesee and other Alberta power plants by 2030. The lawsuit seeks compensation for actions that Altius believes are tantamount to expropriation of its Genesee royalty asset. In the Company\u2019s most recent MD&amp;A disclosure Altius noted that the Defendants had filed an application for dismissal of the Altius Statement of Claim and that this had been set for hearing by the Alberta &hellip; Continue reading \"Altius Provides Update on Coal Litigation Hearings\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-05T14:04:23+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210105005583r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Altius Provides Update on Coal Litigation Hearings","datePublished":"2021-01-05T14:04:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/"},"wordCount":422,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210105005583r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-provides-update-on-coal-litigation-hearings\/","name":"Altius Provides Update on Coal Litigation Hearings - 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