Altai Announces Sale of Malartic Exploration Gold Property
TORONTO, Aug. 27, 2025 (GLOBE NEWSWIRE) — Altai Sources Inc. (TSXV: ATI) (“Altai” or the “Firm”) introduced right this moment that it has bought its possession of a 50% working curiosity within the exploration gold property positioned in Malartic Township, Quebec, comprised of 6 claims (the “Malartic Gold Property” or the “Blackcliff Gold Property”), to the proprietor of the opposite 50% working curiosity, and the property’s operator, Globex Mining Enterprises Inc., for money consideration of $142,000 (the “Sale Worth”), which has been paid by an inter-bank money switch to the Firm. The Sale Worth represents a premium of $18,289 (or roughly 15%) over the Firm’s carrying worth of the Malartic Gold Property per the Firm’s most up-to-date interim consolidated monetary statements for the interval ended June 30, 2025.
ABOUT THE COMPANY
Altai Sources Inc. is a Toronto, Ontario based mostly useful resource firm with an oil property in Alberta and a Canadian funding portfolio comprised of money and money equivalents. Extra details about the Firm is obtainable on SEDAR+ at http://www.sedarplus.ca and on the Firm’s web site at http://www.altairesources.com.
For additional info, please contact:
Kursat Kacira, Chairman & CEO/President
T: (647) 282-8324, E: kursatkacira@altairesources.ca
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.
