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...
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