16th Aug 2022 19:30
Altus Strategies PLC - Oxfordshire, England-based mining royalty company - For the first half of 2022, pretax loss widens to GBP6.2 million from GBP2.3 million the same period a year before, as a result of higher costs, including, listing, acquisition and exploration-related expenses.
This more than offsets a jump in revenue to GBP406,000 from GBP2,000.
In June, Altus and Elemental Vancouver, Canada-headquartered Elemental Royalties Corp agreed on an all-share merger. Under the deal, Elemental Royalties will issue Altus shareholders 0.5940 new shares in the enlarged group. As a result, Elemental shareholders will own about 52.9% of the new firm, with Altus shareholders holding 47.1%.
Current stock price: 44.44 pence, currently suspended
12-month change: down 24%
By Dayo Laniyan; [email protected]
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