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By Robb M. Stewart
Altius Minerals plans to buy back up to 4.2% of its shares over a one-year period
The Canadian commodities company said it has renewed its normal course issuer bid, under which it may buy and cancel up to almost 2 million shares through Aug. 21, 2024.
The bid is subject to regulatory approval.
The company’s shares last closed at 19.13 Canadian dollars ($14.12), down 14% this year.
Under the current buyback program, which is set to end Monday, Altius acquired 312,800 of the up to 1.7 million shares it was authorized to purchase.
Write to Robb M. Stewart at [email protected]
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