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Altus Strategies gives Indiana Resources an extension to exclusivity period

Fri, 03rd May 2019 14:55

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced on Friday that it has granted ASX-listed Indiana Resources an extension to the exclusivity period, to now end on 14 June.The AIM-traded firm had given Indiana the exclusivity period to complete due diligence on its Lakanfla and Tabakorole gold projects, with Lakanfla located six kilometres southeast of the Sadiola gold mine in western Mali, and Tabakorole located in southern Mali.Indiana had requested the extension in light of the time required to process the "substantial" amounts of historical data which existed on the projects.If publicly disclosing the historical data, Indiana would be required to do so in accordance with ASX reporting standards, the Altus board said.The extension was further to the announcements by the company on 7 February and 13 March in respect of the signing of, and an extension to, a non-binding terms sheet for a joint venture with Indiana on the projects, whereby - subject to entering a definitive agreement with Altus - Indiana would have the option to earn up to an 85% interest in Legend Mali BVI II, which is a wholly-owned subsidiary of Altus and which holds a 100% interest in the projects."Indiana may earn its interest in the projects by funding their exploration and development and in return the company will receive milestone based cash and equity in Indiana, retain a 2.5% net smelter return royalty on the projects and be the operator of the joint venture during the initial earn-in periods," the Altus board said."The agreement remains subject to due diligence and other conditions precedent."
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16 Aug 2022 19:30

IN BRIEF: Altus Strategies interim loss widens on rising costs

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - For the first half of 2022, pretax loss widens to GBP6.2 million from GBP2.3 million the same period a year before, as a result of higher costs, including, listing, acquisition and exploration-related expenses.

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16 Aug 2022 14:24

IN BRIEF: Altus Strategies shares suspended from trading on AIM

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Shares are temporarily suspended from trading on AIM pending an announcement.

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8 Aug 2022 19:09

IN BRIEF: Altus Strategies shareholders back merger with Elemental

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Says shareholders vote in favour of "merger of equals" with Elemental Royalties Corp, under which Elemental will acquire Altus. Back in June, the two agreed an all-share merger. Vancouver, Canada-headquartered Elemental Royalties will issue Altus shareholders 0.5940 new shares in the enlarged group. As a result, Elemental shareholders will own about 52.9% of the new firm, with Altus shareholders holding 47.1%.

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2 Aug 2022 12:22

IN BRIEF: Altus Strategies hails great potential of Diba & Lakanfla

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Receives an updated mineral resource estimate and a preliminary economic assessment for the Diba & Lakanfla gold project in Mali. Says the project has a pretax net present value of USD150 million, at an 8% discount. It has an indicated and inferred resource of 312,000 ounces and 362,000 ounces of gold, respectively. Says the project hosts numerous targets for further drill testing and resource growth. Intends to undertake a process to "potentially" monetise it and create royalty.

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2 Aug 2022 11:15

AIM WINNERS & LOSERS: Revolution Beauty tumbles; GYG eyes delisting

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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1 Aug 2022 16:01

UK shareholder meetings calendar - next 7 days

Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
Thursday 4 August 
Glantus Holdings PLCAGM
Investec PLC and LtdAGM
STM Group PLCAGM
Starcrest Education LtdAGM
Friday 5 August 
JPMorgan Global Core Real Assets LtdAGM
San Leon Energy PLCEGM
San Leon Energy PLCGM
Trian Investors 1 LtdEGM re removal of three current directors
Trian Investors 1 LtdAGM
Verditek PLCAGM
Monday 8 August 
Altus Strategies PLCGM re merger with Elemental Royalties Corp
Bushveld Minerals LtdAGM
Essentra PLCGM re unit sale
Go-Ahead Group PLCGM regarding takeover by Kinetic and Globalvia
Oscillate PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Jun 2022 16:11

UK shareholder meetings calendar - next 7 days

Wednesday 15 June 
Angling Direct PLCAGM
888 Holdings PLCAGM
Christie Group PLCAGM
Deltic Energy PLCAGM
Distribution Finance Capital Holdings PLCAGM
Ferrexpo PLCAGM
Foresight Solar Fund LtdAGM
Foxtons Group PLCAGM
IGas Energy PLCAGM
NAHL Group PLCAGM
NB Global Monthly Income Fund LtdAGM
Phoenix Spree Deutschland LtdAGM
Science in Sport PLCAGM
SourceBio International PLCAGM
Standard Life Investments Property Income Trust PLCAGM
Tortilla Mexican Grill PLCAGM
WANdisco PLCAGM
Whitbread PLCAGM
Xaar PLCAGM
Thursday 16 June 
AEX Gold IncGM re name change to Amaroq Minerals Ltd
AEX Gold IncAGM
Anexo Group PLCAGM
Anpario PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Bisichi PLCAGM
Engage XR Holdings PLCAGM
EPE Special Opportunities LtdAGM
Evraz PLCAGM
Informa PLCAGM
Kape Technologies PLCAGM
Martin Currie Global Portfolio Trust PLCAGM
Ruffer Investment Co LtdEGM re authority to issue shares
S4 Capital PLCAGM
TBC Bank Group PLCAGM
UK Commercial Property REIT LtdAGM
Friday 17 June 
Blackstone Loan Financing LtdAGM
boohoo Group PLCAGM
Directa Plus PLCAGM
Tesco PLCAGM
EnQuest PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
Monday 20 June 
Armadale Capital PLCAGM
Bank of Georgia Group PLCAGM
Globalworth Real Estate Investments LtdAGM
MetalNRG PLCAGM
Midatech Pharma PLCAGM
Silver Bullet Data Services Group PLCGM re fundraise
Venture Life Group PLCAGM
Tuesday 21 June 
1Spatial PLCAGM
Altus Strategies PLCAGM
Coca-Cola HBC AGAGM
FireAngel Safety Technology Group PLCAGM
HC Slingsby PLCAGM
HSS Hire Group PLCAGM
Mission Group PLCAGM
Novacyt SAAGM
Pendragon PLCAGM
RTW Venture Fund LtdAGM
Velocys PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Jun 2022 12:50

Altus Strategies agrees all-share merger with Elemental Royalties

(Alliance News) - Altus Strategies PLC said Tuesday it has come to an agreement with Elemental Royalties Corp over an all-share merger.

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9 Jun 2022 12:02

IN BRIEF: Altus Strategies gets record quarterly royalty income

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Receives record pretax royalty income of USD1.5 million during the first quarter of 2022 from the Caserones copper mine in Chile. Attributes increase in royalty income to stronger copper prices during period and higher production. Recieves total royalty income of USD5.1 million before tax since the company's acquisition in September last year.

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31 May 2022 11:02

AIM WINNERS & LOSERS: CPPGroup lowers outlook; Altus finds gold

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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31 May 2022 11:00

IN BRIEF: Altus Strategies makes gold discoveries across portfolio

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Announces several gold discoveries across all four of the company's projects in Egypt, with more than 100 hard rock artisanal gold workings mapped with grades up to 100 grams per tonne of gold.

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27 May 2022 19:44

EARNINGS UPDATES: BMO Capital & Income underperforms benchmark index

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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20 May 2022 14:49

Altus Strategies gets USD5.3 million from 30% stake sale in Alpha 3

(Alliance News) Altus Strategies PLC on Friday said it has agreed with AlphaStream Capital for the sale of a 30% interest in Alpha 3 SPV Ltd for USD5.3 million.

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20 May 2022 13:17

Altus Strategies sells 30pc of Alpha 3 vehicle for $5.3m

(Sharecast News) - Altus Strategies has entered into a sale and purchase agreement with AlphaStream Capital, it announced on Friday, for the sale of a 30.1% interest in the Alpha 3 special-purpose vehicle for $5.27m (£4.22m).

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16 May 2022 18:19

IN BRIEF: Altus Strategies extends La Mancha facility to December 31

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Extends maturity date of strategic loan facility from La Mancha Fund SCSP by six months to December 31.

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