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Altura Energy Corp. reports developments tied to its helium assets in Arizona's Holbrook Basin, including pipeline installation, well tie-ins, workovers, and acreage expansion around the Pinta South Helium Field. Company updates also cover farm-in agreements, field infrastructure, helium production plans, and project-level activity at the Saddle Horse Draw target.
Altura news also includes public-company capital and governance items such as common-share issuances for services, advisory and investor-relations arrangements, and shareholder ownership notifications.
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.
Altus Strategies announced that reverse circulation drilling has extended the FT Prospect at the Tabakorole gold project in Mali by at least 150m, now exceeding 3km in strike length. The current drilling program involves 39 holes totaling 6,300m, with promising initial results including 2.0 g/t over 23m. Marvel Gold, Altus' joint venture partner, is funding this exploration and has plans for further drilling and a high-resolution magnetic survey. Altus retains a 2.5% Net Smelter Return royalty on production.
Altus Strategies Plc (OTCQX: ALTUF) announced the issuance of 6,000 ordinary shares following the exercise of warrants at C$1.125 (approx. £0.64) each, generating gross proceeds of C$6,750 (approx. £3,800). The new shares will be admitted to trading on the AIM market of the London Stock Exchange on or around February 19, 2021. Total voting rights will be updated to 70,097,601 following this issuance. The funds will be utilized for working capital purposes. The company focuses on generating royalties within Africa and has garnered significant institutional investor backing.
Altus Strategies has received 10 million ordinary shares from Canyon Resources Ltd, valued at approximately £0.64M / C$1.15M. This issuance completes the terms of the Joint Venture Termination Agreement related to the Birsok bauxite project in Cameroon. In total, Altus has acquired 25 million shares from Canyon, now holding a 4.25% stake in the company and a US$1.50/tonne royalty on Birsok. Canyon's Mineral Resource Estimate shows 892 million tonnes of bauxite, which is beneficial for future operational developments.
Altus Strategies has been awarded four gold exploration licences in Eastern Egypt, covering 1,565 km². This significant development follows a competitive bid process and allows the company to explore areas with historical artisanal mining. The licences target the Arabian-Nubian Shield, known for its gold potential, with plans for initial exploration programs underway. Altus aims to enhance its project portfolio, backed by a strategic investment from La Mancha, which holds a 35% stake in the company.
Altus Strategies Plc reports significant discoveries of copper and silver at its Agdz project in Morocco, including a new 450m long zone at Makarn North Prospect with grades up to 3.50% Cu and 308 g/t Ag. Additional findings from other prospects yielded grades of 4.67% Cu and 308 g/t Ag at Makarn North, 3.59% Cu and 149 g/t Ag at Makarn South, and notable results from Amzwaro and Minière prospects. An Induced Polarisation geophysical survey is scheduled for Q1 2021 to further explore the project.
Altus Strategies Plc reports that the shareholders of Canyon Resources Ltd have approved issuing 10 million shares to Altus following a Joint Venture Termination Agreement. This decision was made during Canyon's Annual General Meeting on November 30, 2020. Altus now holds approximately 16.1 million Canyon shares, equating to a 2.6% interest, with shares trading at around A$0.11 each. The issued shares will be subject to a 12-month escrow period.
Altus Strategies Plc (OTCQX: ALTUF) published its unaudited financial results for the three and nine months ending September 30, 2020. Key highlights include a mineral resource estimate for the Diba gold project in Mali, reporting 217,000 ounces in the Indicated category and 187,000 ounces in the Inferred category. Furthermore, an updated Preliminary Economic Assessment shows a 32% increase in after-tax net present value to US$107 million. The company also holds a cash balance of £6.8m and signed agreements for gold projects in Côte d'Ivoire.
Altus Strategies has updated the Preliminary Economic Assessment (PEA) for its Diba gold project in Mali, resulting in a 32% increase in Net Present Value (NPV) to US$107 million after tax. This update reflects improved oxide gold recoveries, increasing from 80% to 95%. The project indicates a pre-tax NPV of US$152 million and a payback period of 6.1 months. The updated PEA supports a low-cost, low-strip ratio open-pit mine with average annual production of 57,000 oz of gold. The company has initiated a 10,000m drilling program aimed at expanding resources.