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Altamin Limited ( (AU:AZI) ) has shared an announcement.
Altamin Limited has acquired full ownership of the Gorno Project by purchasing Appian’s 29% stake, allowing for greater flexibility in project development and potential strategic partnerships. The company also raised $3.2 million through an Entitlement Offer, which will support its dual strategy of advancing the Gorno and Lazio projects. The Lazio project, in particular, is poised to benefit from growing demand for lithium and sulphate of potash, aligning with global sustainability goals and regional regulatory frameworks. Altamin’s recent developments and strategic focus on Italy’s mining sector are expected to enhance shareholder value by attracting new partners and optimizing project outcomes.
More about Altamin Limited
Altamin Limited, listed on the ASX, operates in the mining industry with a focus on projects in Italy. The company holds 100% interest in the Gorno and Lazio projects, which are prominent for their potential in zinc, lead, and critical raw materials like lithium and sulphate of potash. Altamin’s strategic endeavors align with the EU Critical Raw Materials Act and Italy’s revised Mining Decree, positioning it to capitalize on growing market demands.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €9.28M
See more data about AZI stock on TipRanks’ Stock Analysis page.
