Newfoundland and Labrador Refining Corporation (NLRC), of which Altius Minerals Corp. is a 37-per-cent shareholder, has provided an update with respect to the environmental permitting of its proposed new oil refinery project in Placentia Bay, Nfld., and Labrador.

Altius (TSX: ALS) is pleased to report that Newfoundland and Labrador Refining Corporation, of which it is a 37% shareholder, has provided an update of progress with respect to its proposed new oil refinery project in Placentia Bay, Newfoundland and Labrador.