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Altamin Limited (ASX:AZI)

ALERT: Price-sensitive ASX Announcement for AZI
Current share price for AZI : $0.020 -0.006 (-23.08%)+
Announcement
Release
30 Jan 2026 5:24PM
Price at Release
$0.026
Full Release
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Summary
Altamin Limited's December 2025 Quarterly Report highlights the company's progress on the Lazio and Gorno Projects in Italy, focusing on advancing development through technical studies and securing funding. The Lazio Project benefits from the Italian government's streamlined permitting processes and aims to use renewable energy efficiently. Altamin raised A$5.39 million via a non-renounceable entitlement offer to fund its project activities. The company is also pursuing strategic partnerships and non-dilutive funding opportunities. The Gorno Project remains strategically relevant due to EU interest in securing raw materials. As of the end of 2025, Altamin's cash balance was A$3.914 million, with director payments amounting to $101,774.
Key Points
  • Altamin Limited continued to advance the Lazio Project with a focus on renewable energy use and streamlined permitting.
  • The company secured A$5.39 million from a pro-rata entitlement offer and additional placement.
  • Group cash balance as of 31 December 2025 stood at A$3.914 million.
  • Technical studies for a Scoping Study at Lazio are underway, leveraging historical data and expert collaboration.
  • The Gorno Project is maintained in good standing with ongoing permitting activities and has strategic relevance due to EU raw material focus.
  • Altamin is exploring non-dilutive research funding opportunities in collaboration with Italian institutions.
  • Payments to directors totaled $101,774 for the quarter.
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.