Altair Minerals Limited (ALR) – $28.2m Strategic Placement

Argonaut acted as Joint Lead Manager to the placement, which was completed at a premium to Altair’s last closing price.

Proceeds from the placement will support a significant expansion of exploration activities across Greater Oko, including increasing the current drill program to ~50,000m, accelerating geochemical and regional targeting programs, and scaling exploration infrastructure and technical capabilities across the project area.

The transaction also establishes a Joint Technical Committee between Altair and Endeavour to leverage key technical synergies to advance the project.

Congratulations to CEO Faheem Ahmed, Non-Executive Director Rob Curtis and the broader Altair team on the successful transaction.

Argonaut’s Corporate Finance team was led by Rob Telford.

For more information, visit the Altair Minerals website here.