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Altamin Limited (ASX:AZI)

ALERT: Price-sensitive ASX Announcement for AZI
Current share price for AZI : $0.023 -0.003 (-11.54%)+
Announcement
Release
31 Oct 2025 3:16PM
Price at Release
$0.026
Full Release
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Summary
The September 2025 Quarterly Report for Altamin Limited highlights several key developments across its projects. The Lazio Project, focused on geothermal lithium in brine extraction, received a significant A$3.62 million grant from the Italian government. Technical work for this project is progressing with design and feasibility studies. Meanwhile, the Gorno Project is seeking strategic partnerships following a consolidation of assets. The company underwent board and management restructuring, including appointing new leadership. Altamin raised A$4.39 million from a non-renounceable entitlement offer to support its projects. The report elaborates on financial activities, indicating a cash balance of A$3.83 million at the quarter's end. The company affirms its commitment to advancing projects aligned with EU and Italian energy and environmental objectives.
Key Points
  • Lazio Project granted A$3.62 million from Italian Ministry.
  • Technical advances include design and feasibility studies for Lazio.
  • Gorno Project seeking strategic partnerships post asset consolidation.
  • Board restructuring with new Chairman and CEO.
  • Raised A$4.39 million through entitlement offer.
  • Cash balance of A$3.83 million reported at quarter's end.
  • Focus on projects aligned with EU and Italian energy objectives.
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.