InvestSMART

Altair Minerals Limited (ASX:ALR)

ALERT: Price-sensitive ASX Announcement for ALR
Current share price for ALR : $0.048 0.017 (54.84%)+
Announcement
Release
23 Jun 2026 9:44AM
Price at Release
$0.031
Full Release
download
Summary
Altair Minerals Limited has completed the Tranche 2 placement of their Premium Priced Placement, issuing 258,264,364 shares to Endeavour Mining plc at A$0.043 each. This has resulted in a total of A$28.2 million being raised from both Tranches 1 and 2, with Endeavour now holding a 9.90% stake in Altair. The placement boosts Altair's treasury to approximately A$38 million, facilitating a multi-year exploration program in Guyana. Additionally, a Section 708A Cleansing Notice was issued, confirming the company's compliance with the Corporations Act 2001, and ensuring that no excluded information needs disclosure.
Key Points
  • Altair Minerals Limited completed Tranche 2 of a Premium Priced Placement.
  • Issued 258,264,364 fully paid ordinary shares to Endeavour Mining plc at A$0.043 per share.
  • Tranche 1 and 2 raised a combined A$28.2 million.
  • Endeavour becomes a 9.90% shareholder of Altair.
  • Placement strengthens Altair's pro-forma treasury to approximately A$38 million.
  • Funds will be used for a multi-year exploration program in Guyana.
  • Section 708A Cleansing Notice was issued under the Corporations Act 2001.
  • Altair confirms compliance with disclosure and reporting obligations under the Corporations Act.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.