Transaction Update
Summary by AI BETAClose X
This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.
13 November 2026
ALT Resources PLC
(“ALT Resources”, "ALTR" or the "Company")
Transaction Update
ALT Resources PLC (ALTR.L), a company formed to capture value accretive opportunities in the natural resources industry, is pleased to announce that, further to the announcement dated 25 August 2026, it has now entered into a sale and purchase agreement (the "SPA") with Viking Hoard Pty Limited (“Viking”), in connection with its proposed acquisition of up to a 50% equity interest in its wholly owned subsidiary, Freedom Metals Pty Ltd (“Freedom”), and a gold stream over up to 50% of gold production from the Freedom gold mine in North Queensland, Australia (the "Project"). The maximum consideration payable by the Company to Viking under the SPA is AUS$2 million in cash and AUS$1 million in new ordinary shares in ALTR.
Completion of the transaction remains conditional upon, amongst other matters, the admission of the Company's ordinary shares to trading on AIM ("Admission") and the achievement of certain agreed project milestones in respect of the Project.
Upon satisfaction of these conditions, the transaction is expected to provide ALT Resources with significant exposure to the Project through both a direct equity interest and a long-term gold streaming arrangement.
The Company continues to progress its proposed Admission and will provide a further update in due course.
For further information:
|
ALT Resources PLC
Paris Christofides Prad Mazumder Joint-CEOs |
+44 (0) 207 193 2376 / pc@altresources.co.uk |
Forward-Looking Statements
This announcement may contain forward-looking statements. These statements are made by the Directors in good faith based on the information available to them at the time of their approval of this announcement and such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.
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