CAPITAL MARKETS

Altus dual TSXV listing imminent

After a bit of a wait, project generator Altus Strategies’ (AIM:ALS) shares will start trading on the TSX Venture Exchange on June 6.

Staff reporter
Altus Strategies will join the other project generators on TSXV this week

Altus Strategies will join the other project generators on TSXV this week

It had said back in March that it hoped to receive approval to list soon after a C$4.1 million (US$3.2 million) fundraising offering closed around mid-April.

The shares will trade in Toronto under the ticker ALTS, with trading continuing on the London Stock Exchange's AIM market.

Altus listed in London via an £1.11 million (US$1.5 million) IPO in August, making it the only true project generator on AIM, although by listing in Toronto, it has now joined the home of the majority of project generators.

Altus chairman David Netherway said the TSXV listing followed the company's acquisition of Legend Gold and its strategic gold assets in Mali and the offering, which received support from investors in North America.
 
"Our TSXV listing marks another significant milestone in the company's growth. We believe that Altus now creates a rare opportunity for North American based investors to participate in a well-established and purely Africa-focused project generator," he said.
 
Altus currently has 19 exploration projects across six African countries and several commodities, including gold, copper, silver, bauxite, iron ore and zinc.

It also has two active joint venture partnerships, one with Resolute Mining on the Pitangoma Est gold project in southern Mali and the other with Canyon Resources on the Birsok bauxite project in Cameroon.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.