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Altus Strategies Plc (OTCQX: ALTUF) released its audited final results for the year ending December 31, 2020. Key operational highlights include a significant Mineral Resource Estimate at the Diba gold project, with 217,000 ounces in the Indicated category, and an updated Preliminary Economic Assessment showing a 32% increase in NPV to $107 million. The company secured a £6.5 million investment from La Mancha, elevating their interest to 35.45%. Altus raised £7.7 million post-period and commenced trading on the OTCQX, enhancing visibility for US investors.
Altus Strategies Plc announced the issuance of 7,266 ordinary shares following the exercise of warrants at an exercise price of C$1.125, generating gross proceeds of C$8,174.25. The shares will be admitted to trading on the AIM market, effective around April 15, 2021. Following this issuance, the total number of ordinary shares will rise to 80,391,535, which represents the total voting rights in the Company. The funds raised will be allocated for working capital purposes.
Altus Strategies Plc has announced that its total issued share capital with voting rights is 80,384,269 Ordinary Shares at a par value of five pence each, in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules (DTRs). The company does not hold any shares in treasury. This figure is significant for shareholders who need to determine their interest notifications under the DTRs. Altus continues to build its portfolio focused on mining royalties, particularly in Africa.
Altus Strategies announces the completion of a Strategic Review by Mining Plus UK Ltd on its 97%-owned Bikoula iron project in Cameroon. The review assessed processing, product specifications, and shipping options. Historical drilling shows significant mineralization, including 30.8m at 57.9% Fe. The project has a JORC compliant Mineral Resource Estimate of 46 million tonnes at 44% Fe, with 75% of the priority target area untested. Recent infrastructure improvements and supportive iron ore prices enhance its development potential.
Altus Strategies Plc (AIM:ALS)(TSXV:ALTS)(OTCQX:ALTUF) has announced the issuance of 20,000 ordinary shares following warrant exercises at C$1.125 each. This results in gross proceeds of C$22,500 (approximately £13,000), intended for working capital. The shares will be admitted to trading on the AIM market, expected on or around March 19, 2021. After this issuance, Altus will have 70,117,601 ordinary shares in circulation, which also represents the total voting rights in the company.
Altus Strategies has identified high-priority gold targets across four projects in Egypt, covering 1,565 km2. Awarded to its subsidiary Akh Gold Ltd by the Egyptian Mineral Resource Authority, these projects include historical gold mining camps and over 100 potential hard rock workings. The company plans to commence fieldwork in Q2 2021. Notable projects include Wadi Jundi, Bakriyah, Abu Diwan, and Wadi Dubur, with geological formations indicating significant mineralization potential. CEO Steven Poulton expressed optimism about the exploration efforts.
Altus Strategies Plc (AIM:ALS)(TSX-V:ALTS)(OTCQX:ALTUF) announced promising gold intersections from recent drilling at the Tabakorole gold project in Mali. The results included 0.94 g/t over 89m, highlighting potential for resource expansion. Altus holds a 49% interest and a 2.5% Net Smelter Return royalty on the project, currently funded by Marvel Gold. The 6,300m drilling program aims to extend gold mineralization along the strike. Results from 28 additional holes are anticipated shortly, indicating that the resource estimate may improve significantly.
Altus Strategies Plc announced its total issued share capital of 70,097,601 Ordinary Shares with voting rights, as of February 26, 2021. This update aligns with the Financial Conduct Authority's Disclosure and Transparency Rules (DTRs). The company holds no treasury shares, and this figure should be used by shareholders to determine their notification requirements regarding share interests. For more information, visit www.altus-strategies.com.
Altus Strategies Plc disclosed significant stock transactions involving Executive Director Matthew Grainger on February 25, 2021. Between February 22 and 24, 2021, Grainger purchased 55,500 Ordinary Shares at an average price of 83.72p and sold the same quantity at 81.91p through his spouse. Despite these transactions, his total holding remains unchanged at 2,085,566 shares, equating to 2.98% of the company's issued share capital. This disclosure aligns with EU Market Abuse Regulation requirements.
Altus Strategies Plc (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) disclosed that its CFO Martin Keylock purchased 6,728 ordinary shares at an average price of 86.55p each on February 22, 2021. This acquisition marks Keylock's first shareholding, representing approximately 0.01% of the company's outstanding shares. The transaction was reported in compliance with the EU Market Abuse Regulation. As a mining royalty company focused on Africa, Altus Strategies emphasizes responsible engagement with stakeholders and minimizing environmental impact.
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