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An update from Altamin Limited ( (AU:AZI) ) is now available.
Altamin Limited has announced significant progress in its Lazio Project, which is advancing according to planned development milestones. The project, which aims to utilize geothermal energy for brine processing, is supported by a substantial grant from the Italian Ministry of Environment and Energy Security. The Lazio Project is strategically aligned with Italy’s revised Mining Decree and the EU Critical Raw Materials Act, enhancing its potential to supply critical raw materials sustainably. Key developments include the advancement of technical and commercial workstreams, a scheduled Scoping Study, and collaboration with Italian research institutions, which collectively strengthen Altamin’s position in the market and its ability to realize the project’s full potential.
More about Altamin Limited
Altamin Limited operates in the renewable energy and mining industry, focusing on the development of geothermal brine projects. The company is primarily engaged in extracting potassium sulphate, lithium, and boron from high-temperature geothermal brines, with a market focus on supplying critical raw materials to Italy and Europe.
YTD Price Performance: 42.11%
Average Trading Volume: 228,317
Technical Sentiment Signal: Buy
Current Market Cap: A$20.25M
See more insights into AZI stock on TipRanks’ Stock Analysis page.