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Variscan Mines Limited (ASX:VAR)

ALERT: Price-sensitive ASX Announcement for VAR
Current share price for VAR : $0.004 0.001 (33.33%)+
Announcement
Release
22 Jul 2026 12:03PM
Price at Release
$0.003
Full Release
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Summary
Altoro Metals Limited, previously known as Variscan Mines Limited, announced its official name change following shareholder approval. This change reflects the company’s broadened focus on zinc and polymetallic projects in Spain, particularly its flagship Novales-Udías Project and the Guajaraz Zn-Pb-Ag-Cu Project. The rebranding comes alongside a $5 million capital raise and upcoming exploration activities. The company's ASX code will change from 'VAR' to 'ARO' effective 23 July 2026. Altoro Metals aims to establish itself as a significant player in the European base and critical metals market.
Key Points
  • Change of company name from Variscan Mines Limited to Altoro Metals Limited.
  • Shareholder approval for the name change was obtained at the General Meeting on 10 July 2026.
  • The ASX code will change from 'VAR' to 'ARO' on 23 July 2026.
  • Rebranding aligns with the company's focus on zinc and polymetallic projects in Spain.
  • A $5 million capital raising has been completed to fund upcoming exploration activities.
  • Plans for maiden diamond drilling at the Guajaraz Zn-Pb-Ag-Cu Project and ongoing exploration at Novales-Udías Zinc Project.
  • The name change reflects the company's aim to expand its base and critical metals opportunities.
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.