ACP Energy PLC ( (GB:ALTR) ) just unveiled an update.
ALT Resources PLC has announced a conditional agreement to acquire a cash-generative mining royalty from Theta Gold Mines Limited, which will provide the company with exposure to a near-producing gold asset. This acquisition is expected to enhance shareholder value by generating significant revenues and securing a high net asset value. Concurrently, ALT Resources plans to transition its shares from the London Stock Exchange’s main market to AIM, which offers greater flexibility for corporate transactions, along with a new board appointment of Aaron Kidd as an independent Non-Executive Director. These strategic moves are designed to position ALT Resources as a leading, growth-oriented mining royalty and streaming company with a strong pipeline of future opportunities.
More about ACP Energy PLC
ALT Resources PLC is a mining royalty and streaming company focused on growth and diversification in the mining sector. The company aims to provide investors with exposure to both critical and precious metals by acquiring and managing mining royalties and streams. It operates with a strategy to offer alternative finance solutions in the mining industry, capitalizing on market opportunities under-exploited by its peers.
Technical Sentiment Consensus Rating: Sell
See more data about ALTR stock on TipRanks’ Stock Analysis page.