Firering Strategic Minerals Plc completed the acquisition of Altar Resources Limited from Altus Strategies plc for 0.015 million.
Firering Strategic Minerals Plc (AIM:FRG) acquired Altar Resources Limited from Altus Strategies plc (AIM:ALS) for 0.015 million on March 14, 2022. The consideration will be paid in cash on completion. Firering will also pay a Gross Revenue Royalty of up to 1.0% on nickel and cobalt sales from the Project. For the year ended December 31, 2021, Altar generated zero revenue, made a net loss of £0.005425 million (0.00645028 million) and had net liabilities of £0.003339 million (0.00397 million). SPARK Advisory Partners Limited acted as a financial advisor to Firering Strategic Minerals Plc.
Firering Strategic Minerals Plc (AIM:FRG) completed the acquisition of Altar Resources Limited from Altus Strategies plc (AIM:ALS) for 0.015 million on March 14, 2022.