Altus Strategies (LON: ALS) has reached a new point in its development. The acquisition of a mining royalty in Chile provides near-term income for the company, which has previously focused on developing mining projects.
This deal will provide cash to help to cover group overheads and it will be completed on 1 September. There could be further royalty deals.
Altus Strategies together with its 50/50 joint venture partner EMX Royalty is buying a 43% interest in SLM California, which owns a 1.944% net smelter royalty in the producing Caserones copper-molybdenum mine in Chile for $68.2m. The...
