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Pin to quick picksAltus Strategi. Share News (ALS)

Share Price Information for Altus Strategi. (ALS)

London Stock Exchange
Share Price: 4.50
Bid: 4.00
Ask: 5.00
Change: 0.00 (0.00%)
Spread: 1.00 (25.00%)
Open: 4.50
High: 4.50
Low: 4.50
Yest. Close: 4.50
ALS Live PriceLast checked at -

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Altus Strategies Unit Signs Option Deal With Firering On Toura Project

Thu, 25th Jul 2019 11:48

(Alliance News) - Altus Strategies PLC on Thursday said its subsidiary Aeos Resources Ltd has signed an option agreement with Firering Holdings Ltd, in respect of the application for the Toura nickel-cobalt licence, located in the west of the Republic of Cote d'Ivoire.

"Toura is strategically located within an emerging and prospective nickel-cobalt province," said Altus Chief Executive Steven Poulton.

The exploration company said, following the grant of Toura licence, Firering will pay Altus EUR15,000 in cash and Aeos will transfer to Firering a 95% interest its locally incorporated and 100% owned subsidiary Apalex Sarl.

The 5% ownership retained by Aeos in Apalex will be subject to anti-dilution provisions, until such time that Firering has invested a total of USD1 million into Apalex. Thereafter Aeos will retain co-funding rights.

Aeos will also be granted a royalty on gross revenue generated by the sale of ore minerals mined from Toura, net of transportation costs, it said. The royalty will be subject to a separate agreement, Altus said, which will be entered into between Aeos and Firering, within six months of the grant of the application.

"We look forward to the grant of the application and to working with Firering thereafter," added Poulton.

Altus shares were trading 9.3% lower on Thursday in London at 4.40 pence each.

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5 Nov 19 14:26

Altus Strategies completes royalty and property sale deal with Desert Gold

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced the successful completion of the royalty and property sale transaction with TSX-V listed Desert Gold Ventures on Thursday, on the firm's contiguous Sebessounkoto Sud and Djelimangara gold projects in western Mali.

31 Oct 19 12:14

Altus Strategies Reports Further Drilling Finds In Ethiopia

Altus Strategies Reports Further Drilling Finds In Ethiopia

29 Oct 19 14:07

Altus Strategies Discovers "Significant New" Gold Prospect In Mali

(Alliance News) - Altus Strategies PLC said Thursday it has defined a "potentially significant" new prospect at its Diba gold project in western Mali.Altus said the mine is about

5 Sep 19 16:07

Altus Strategies Narrows First Half Losses As Expenses Fall

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC on Thursday reported that it narrowed its first half losses as it made gains on investments and administrative expenses to

29 Aug 19 17:40

Altus discovers multiple hard rock gold workings at Zager

(Sharecast News) - Africa-focussed project and royalty generation company Altus Strategies announced the discovery of multiple hard rock gold workings at its 100% owned 285 square kilometre Zager exploration licence on Thursday, which was targeting volcanogenic massive sulphide (VMS) gold deposits, in the Tigray National Regional State of northern Ethiopia.

15 Aug 19 14:44

Altus Strategies Discovers Gold Workings At Ethiopia Mining Licence

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC said Thursday hard rock gold workings have been discovered at its recently acquired Ethiopian licence.Altus said at

15 Aug 19 12:09

Altus Strategies Unit Signs Option Deal With Firering On Toura Project

(Alliance News) - Altus Strategies PLC on Thursday said its subsidiary Aeos Resources Ltd has signed an option agreement with Firering Holdings Ltd, in respect of the application for the Toura in

25 Jul 19 11:48

Altus Strategies Promotes Financial Controller To Finance Chief

(Alliance News) - Altus Strategies PLC said Wednesday it has promoted Financial Controller Martin Keylock to chief financial officer.He will be replacing David Miles, who stay on in an role

10 Jul 19 16:22

UK Shareholder Meetings Calendar - Next 7 Days

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20 Jun 19 16:02

Altus Strategies Finds New Gold Prospect At Ethiopian Daro Project

(Alliance News) - Altus Strategies PLC on Wednesday said it has discovered a new gold prospect at its Daro copper-gold-solver volcanogenic massive sulphide project in Ethiopia.Rock samples

12 Jun 19 14:27

Altus Strategies Defines Potential Drill Targets At Mali Gold Projects

LONDON (Alliance News) - Altus Strategies PLC said Thursday it has defined several drill and trench targets at its Djelimangara and Sebessounkoto Sun gold licences in Mali.The drill targets

6 Jun 19 12:07

Altus Strategies Unit Gains New Exploration Licence In Ethiopia

LONDON (Alliance News) - Altus Strategies PLC on Monday said its Ethiopian subsidiary, Altau Resources Ltd, has been granted the Zager exploration licence, targeting copper and gold in the grant a

3 Jun 19 13:34

Altus Strategies First Quarter Loss Widens On Expenses, Reduced Fees

LONDON (Alliance News) - Altus Strategies PLC on Thursday said its pretax loss widened in the first quarter of 2018 through a combination of increased administrative expenses and a reduction in to

30 May 19 14:54

Altus Strategies extends southern Mali joint venture with Resolute Mining

(Sharecast News) - Altus Strategies has signed a variation and accession deed with Resolute Mining in respect of the joint venture on its 106 square kilometre Pitiangoma Est project in southern Mali, it announced on Wednesday.

8 May 19 15:23

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