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IN BRIEF: Altus Strategies shareholders back merger with Elemental

Mon, 08th Aug 2022 19:09

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%.

Current stock price: 45.50 pence

12-month change: down 20%

By Lucy Heming; lucyheming@alliancenews.com

More News

6 Jun 2019 12:07

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

3 Jun 2019 13:34

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

30 May 2019 14:54

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

8 May 2019 15:23

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.

3 May 2019 14:55

Altus Strategies gives Indiana Resources an extension to exclusivity period

(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.

30 Apr 2019 18:40

Altus Strategies Considering Funding Options, Quarterly Loss Widens

LONDON (Alliance News) - Altus Strategies PLC on Tuesday mulled funding options for 2019 as it reported a wider fourth quarter loss.The company's fourth quarter pretax loss amounted to

30 Apr 2019 12:57

Altus Strategies Outlook Confident As 2018 Loss Narrows On Cost Cuts

LONDON (Alliance News) - Altus Strategies PLC on Tuesday expressed a confident outlook for the year ahead, as it recorded higher gains on investments and lower costs in 2018.The royalty and

17 Apr 2019 11:24

Altus Strategies Outlines New Gold Prospect At Mali's Diba Project

LONDON (Alliance News) - Altus Strategic PLC has found another "significant" gold prospect at the Diba project in the west of Mali.The prospect, found via surface geochemistry, is

11 Feb 2019 13:13

Altus Strategies jumps after forking over Cameroon licences

(Sharecast News) - Altus Strategies climbed on Monday after the company terminated its joint-venture, Aucam Resources, selling its stake in mining licenses in Cameroon to joint-venture partner Canyon Resources.

11 Feb 2019 10:40

WINNERS & LOSERS SUMMARY: Smith & Nephew Slips On NuVasive Deal Report

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 4.5%. The Anglo-German travel operator of

1 Feb 2019 09:54

Altus Strategies Ends Talks With Raptor Resources For Morocco Unit

LONDON (Alliance News) - Altus Strategies PLC on Friday said it will advance discussions with other parties interested in acquiring a Moroccan unit after the termination of an agreement with said

12 Dec 2018 11:01

Altus Strategies Finds Further Mineralisation At Moroccan Project

LONDON (Alliance News) - Altus Strategies PLC said Wednesday it has discovered further zinc, cobalt, and copper at its Takzim project in central Morocco.Altus shares were trading 8.3% at on

22 Nov 2018 15:32

Altus Strategies Swings To Third-Quarter Profit On Fair Value Gains

LONDON (Alliance News) - AIM-listed precious metals explorer Altus Strategies PLC said it swung to a profit in the third quarter of 2018 after making a loss in the first and second the three to a

22 Oct 2018 13:06

DIRECTOR DEALINGS: Altus Strategies CEO And Co-Founder Buy Shares

LONDON (Alliance News) - Altus Strategies PLC on Monday said Chief Executive Steven Poulton and co-founder Matthew Grainger purchased shares in the copper company, both in separate transactions on

2 Oct 2018 11:59

Altus Strategies Defines Targets At Potential Gold Deposit Lakanfla

LONDON (Alliance News) - Altus Strategies PLC said Tuesday it has defined drill targets at its 100% owned Lakanfla gold project in western Mali that has the "potential for a karst-style gold

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IN BRIEF: Altus Strategies shareholders back merger with Elemental

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