REG - ALT Resources PLC - Gold Royalty Transaction Terminated

Alt ResourcesAnnouncement

Today 07:00

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RNS Number : 9262G  ALT Resources PLC  01 May 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK
LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI
2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

ALT Resources PLC

("ALTR" or the "Company")

 

Gold Royalty Transaction not concluded - Long Stop Date Passed

 

  Additional Pipeline Activities Progressing

 

 

Further to its announcement of 24 February 2025, ALTR, the mining royalty, and
streaming company announces that the long stop date of 18 April 2025 to
acquire a near-producing gold mining royalty (the "Proposed Acquisition") has
now passed. Therefore, the Company is no longer moving forward with the
Proposed Acquisition. However, the Company is progressing other opportunities
in its pipeline of activities ("Pipeline Acquisitions"). Completing one or
more of the Pipeline Acquisitions will be subject to certain conditions,
including, inter alia, due diligence, legal documentation, and fundraising.

 

The Company still plans to seek admission of the Company's entire issued and
to be issued share capital to trading on AIM concurrent with the completion of
a new proposed acquisition.

 

Prad Mazumder, Director of ALTR, commented:

 

"We were disappointed not to have concluded our original transaction due to
significant and unexpected changes in market conditions at the time of
closing. However, other opportunities in our portfolio became more attractive,
and therefore, we have decided to pursue these other opportunities more
aggressively to minimise any delay in listing the Company. These investments
are expected to be value accretive to the Company's shareholders, as we
believe they will generate significant revenues in the near-term and lock in
high net asset values for ALTR."

 

Further updates regarding pipeline acquisitions will be made in due course.

 

For further information:

www.altresources.co.uk (http://www.altresources.co.uk/)

 

ALT Resources PLC
stacey@altresources.co.uk

Prad Mazumder, Director

 

Celicourt Communications                     +44 207 770
6424 / altresources@celicourt.uk

Mark Antelme / Jimmy Lea

 

 

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