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Altamin Limited ( (AU:AZI) ) just unveiled an announcement.
Altamin Limited has completed its acquisition of a 29.85% interest from Appian Italy B.V., resulting in full ownership of Vedra Metals Srl and the Gorno Project. This acquisition enables Altamin to streamline its operations and potentially enhance the value of its holdings through sale or development, with provisions for Appian to receive proceeds from future sales or production. This move is expected to facilitate the Gorno Project’s progress towards commercial production, significantly impacting Altamin’s strategic positioning in the industry.
More about Altamin Limited
Altamin Limited is an ASX-listed company engaged in the exploration and development of base and critical metals in Italy. It focuses on projects like the Gorno Zinc Project in Lombardy, known for producing high-grade zinc and lead concentrates, the Lazio Geothermal Brine Project for geothermal energy and lithium, and the Punta Corna Cobalt project in Piedmont, historically noted for cobalt and other metals.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.6M
For an in-depth examination of AZI stock, go to TipRanks’ Stock Analysis page.
