Altus Strategies plc (LON:ALS – Get Rating) insider Matthew Grainger acquired 7,000 shares of Altus Strategies stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average price of GBX 50 ($0.61) per share, with a total value of £3,500 ($4,248.09). Altus Strategies stock opened at GBX 47.50 ($0.58) […]
28 May 2021 | 13:27pm
StockMarketWire.com - Altus Strategies has raised £7.7 million in an over-subscribed placing, helping the mining company boost cash reserves in the first quarter.
The net proceeds of this are being used to accelerate gold exploration programmes in Egypt and Mali.
Elsewhere, in the three months to 31 March 2021, cash balance were built up to £7.4 million.
This was despite a cash outflow of £1 million from operating activities.
Operationally, the company was awarded four gold exploration licences in Egypt and the granting of three new copper and silver projects in Morocco. Drilling has also been extended in Mali.
Altus CEO Steven Poulton said: This was another exciting quarter for Altus, in which the company significantly expanded its exploration project portfolio, including its first projects awarded in Egypt.
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18 February 2021 | 10:04am
StockMarketWire.com - Altus Strategies said drilling of the strike length of the FT Prospect had been extended by at least 150m, to beyond 3km at the Tabakorole gold project in southern Mali, following encouraging initial results.
Altus held a 49% equity interest and 2.5% net smelter return royalty on the project.
Intersections included 2 grams per tonne of gold of 23 meters in length from 178 below the surface; 1.24 g/t over 24m from 13m below surface and 0.81 g/t over 25m.
Exploration activities at Tabakorole were being funded by Marvel Gold under its joint venture with Altus. These are very encouraging initial drilling results from the resource expansion programme, the company said.