Altus Strategies PLC Appointment of VP Corporate Development (5598Y)
17 January 2022 - 6:00PM
UK Regulatory
TIDMALS
RNS Number : 5598Y
Altus Strategies PLC
17 January 2022
Altus Strategies Plc / Index (EPIC): AIM (ALS); TSX-V (ALTS);
OTCQX (ALTUF) / Sector: Mining
17 January 2022
Altus Strategies Plc
("Altus" or the "Company")
Appointment of VP Corporate Development
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF)
announces the appointment of Michael Starke as VP Corporate
Development with immediate effect.
Mr. Starke has over 14 years' experience in corporate finance in
the natural resources industry. He was previously Corporate Finance
Manager for SolGold plc (LSE & TSX: SOLG), prior to which he
worked for eight years with Standard Bank (London) in investment
banking and mining equity research with a primary focus on Africa.
Michael holds a BSc in Geology and an MSc in Environmental
Geochemistry from the University of Cape Town and is registered
with the South African Council for Natural Scientific Professions
(SACNASP).
Steven Poulton, Chief Executive of Altus, commented:
"We are delighted to welcome Michael to the team at what is an
important stage in the Company's growth trajectory. Michael's
highly relevant corporate finance expertise will support and
enhance our ability to identify, create and realise value from our
growing and diversified portfolio of projects and royalties. He
will also manage the Company's corporate communications, ensuring
our shareholders as well as all other key stakeholders are provided
with the latest information with regard to our plans and
progress.
"In the last six months alone, Altus has closed two
transformational transactions and made notable progress across its
portfolio of projects. The Company has acquired up to 25 primarily
copper and gold royalties on mines and projects in Chile, Côte
d'Ivoire and Australia for approximately US$58 million. These
royalties are expected to generate significant after tax cashflow
to Altus of approximately US$6.4 million in 2022 and US$10 million
in 2023. During the same period, among other developments, Altus
commenced the ongoing resource expansion drilling programme at our
Diba gold project in Mali, announced highly encouraging
reconnaissance findings from our gold projects in Egypt and
commenced the potential divestment of our Moroccan base metal
portfolio.
"We anticipate a number of material project and royalty
developments in the year ahead and I look forward to updating the
market on these in due course."
Altus Strategies Plc Tel: +44 (0) 1235 511 767
Steven Poulton, Chief Executive E-mail: info@altus-strategies.com
SP Angel Corporate Finance LLP (Nominated
Adviser) Tel: +44 (0) 20 3470 0470
Richard Morrison / Adam Cowl
SP Angel Corporate Finance LLP (Broker)
Grant Barker Tel: +44 (0) 20 3470 0471
Rob Rees Tel: +44 (0) 20 3470 0535
Shard Capital Partners LLP (Broker)
Isabella Pierre / Damon Heath Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Charles Goodwin / Henry Wilkinson E-mail: altus@yellowjerseypr.com
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a
mining royalty company generating a diversified and precious metal
focused portfolio of assets. The Company's differentiated approach
of generating royalties on its own discoveries in Africa and
acquiring royalties globally through financings and acquisitions
with third parties, has attracted key institutional investor
backing. The Company engages constructively with all stakeholders,
working diligently to minimise its environmental impact and to
promote positive economic and social outcomes in the communities
where it operates. For further information, please visit
www.altus-strategies.com .
Cautionary Note Regarding Forward-Looking Statements
Certain information included in this announcement, including
information relating to future financial or operating performance
and other statements that express the expectations of the Directors
or estimates of future performance constitute "forward-looking
statements". These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
Such factors include, without limitation, the completion of planned
expenditures, the success of development and mining programmes by
the mine operators, fluctuations in metal markets and currency
exchange rates. Readers are cautioned not to place undue reliance
on the forward-looking information, which speak only as of the date
of this announcement and the forward-looking statements contained
in this announcement are expressly qualified in their entirety by
this cautionary statement.
Where the Company expresses or implies an expectation or belief
as to future events or results, such expectation or belief is based
on assumptions made in good faith and believed to have a reasonable
basis. The forward-looking statements contained in this
announcement are made as at the date hereof and the Company assumes
no obligation to publicly update or revise any forward-looking
information or any forward-looking statements contained in any
other announcements whether as a result of new information, future
events or otherwise, except as required under applicable law or
regulations.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
**END**
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