REG - ALT Resources PLC - Strategic LOIs Signed with Tartana Minerals Ltd

Alt ResourcesAnnouncement

18/11/2025 14:00

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RNS Number : 0327I  ALT Resources PLC  18 November 2025

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18 November 2025

ALT Resources PLC (ALTR.L)

Strategic LOIs Signed with Tartana Minerals Ltd

Further to the Company's announcement on 23 October 2025, ALT Resources PLC
("ALTR" or the "Company"), a company formed to pursue value-accretive
opportunities in the mining, precious metals, and critical minerals sectors,
is pleased to announce that it has entered into non-binding Letters of Intent
("LOIs") with Tartana Minerals Ltd ("Tartana" or "TAT"), an ASX-listed copper
producer and critical minerals exploration and development company. Completion
of the Proposed Acquisition will be subject to certain conditions,
including, inter alia, due diligence, legal documentation, fundraising, and
admission of the Company's entire issued and to be issued share capital to
trading on AIM.

The LOIs relate to:

1.   Proposed Financing Transaction - ALTR intends to provide financing to
Tartana to support the optimisation of commercial copper sulphate production
at its project located in the Chillagoe region of North Queensland (the
"Proposed Transaction").

2.   Joint Venture Formation - ALTR and Tartana propose to form a joint
venture to explore and develop a portfolio of assets in Queensland with
potential for tin, copper, and other critical minerals.

The Proposed Transaction is consistent with ALTR's stated strategy of
originating differentiated royalty and streaming investments in assets that
are either in production or approaching production. Royalty financing provides
an alternative to conventional debt and equity funding, enabling operators to
access capital while maintaining operational control and upside. In addition,
the Company intends to incubate the joint venture assets, advancing resource
development and monetisation while retaining a royalty interest.

The Company expects this investment to coincide with its proposed admission to
trading on AIM and a concurrent capital raise to fund the copper transaction
and provide additional working capital.

 

 

For further information:

www.altresources.co.uk.com

ALT Resources

Prad Mazumder

Paris Christofides

Joint-CEOs
            +44 207 193 2376 /
stacey@altresources.co.uk
 

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

Mark Antelme / Kathleen Beams

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