Altamin's strategic financial initiative

Altamin (ASX:AZI) has completed the institutional component of its pro-rata accelerated non-renounceable entitlement offer, raising approximately $2.1 million. This includes significant participation from major shareholder VBS Exchange Pty Ltd. The funds will support the sale process of the Gorno Project, advance other key projects, and cover corporate expenses.

Altamin's future outlook and strategic plans

Altamin has successfully raised $2.1 million through the institutional component of its entitlement offer, with VBS Exchange Pty Ltd playing a crucial role. The funds will be allocated to the Gorno Project sale process, and the advancement of the Lazio Project, with additional investments in other projects like Punta Corna cobalt, Corchia copper, and Villar graphite. The retail component of the offer opens on 7 November 2024, allowing eligible shareholders to subscribe at $0.024 per share. The company emphasizes the importance of professional advice for investors and outlines its commitment to project development and corporate governance.

Executive insights on Altamin's achievement

The institutional component of our entitlement offer has been successfully completed, with substantial support from our major shareholder, VBS Exchange Pty Ltd. This funding will enable us to advance key projects and manage corporate expenses effectively.