Altius strengthens management team
Published by Louise Mulhall,
Editorial Assistant
World Coal,
Altius Minerals Corp. has announced the strengthening of its management team with Chad Wells accepting an expanded senior management role as Vice President of Business Development and the appointment of Ms. Flora Wood as Director of Investor Relations and Mr. Mark Raguz as Royalty Manager and Analyst.
Under the newly created position of Vice President Business Development, Chad will have responsibility for business origination with respect to both of Altius's Project Generation and Royalty business segments. In particular, Chad will lead efforts to commercialise Altius's mineral exploration project interests and manage the related portfolio of public equities, while continuing to seek out new development stage royalty investment opportunities. Chad is an exploration geologist who has played a key role in developing and implementing Altius's strategies since 2003.
Flora Wood has 20 years of experience leading investor relations and communications for equity and debt stakeholders, mainly concentrated in the mining, construction and steel-making sectors. She is a past recipient of IR Magazine's Best IRO award (Canadian mid-cap) and was most recently Director of Investor Relations at Sherritt International. Flora will be responsible for further professionalising and expanding Altius's institutional and retail investor awareness as the company now begins to achieve significant scale in terms of its cash flow generation and investment realisation.
Mark Raguz joins Altius from Dundee Capital Markets where he served as Vice President, Investment Banking in their mining group. Prior to investment banking, Mark worked as a buy-side mining analyst for a resources-focused investment fund and in equity research at a leading independent investment dealer. He has served as a director of various listed companies and holds a Bachelor of Applied Science from the Lassonde Mineral Engineering program at the University of Toronto. Mark will lead our efforts to analyse new development and production stage royalty investment opportunities while also taking responsibility for ongoing analysis and optimisation of the existing royalty portfolio.
Brian Dalton, CEO of Altius commented:
"As Altius approaches its 20th anniversary its royalty revenues and investments are growing strongly. Mineral sector sentiment and commodity prices have turned positive again after a solid five year down-turn, during which we seized upon many counter-cyclical opportunities that are now beginning to generate outsized returns. In addition, we have gained excellent access to capital as a result of our relationships with several major commercial banks and through our new association with Fairfax Financial. Altius therefore finds itself well positioned to maximise value creation potential for its shareholders and this strengthening of our management team reflects on our commitment to do just that."
Read the article online at: https://www.worldcoal.com/coal/16082017/altius-strengthens-management-team/
You might also like
Coal exit and workforce shortages keep short-term Australian power prices high
Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.