Altair Minerals Secures AU$13 Million to Accelerate Greater Oko Exploration
Highlights:
Altair Minerals Limited (ASX: ALR) has raised AU$13 million via an institutional share placement at AU$0.016 per share, drawing interest from several prominent international mining investors.
The funding will fully support a ~15,000m drilling campaign at the Greater Oko Project, alongside ongoing geochemical and geophysical exploration work.
1832 Asset Management will become a substantial shareholder, signaling strong institutional confidence in Altair’s long-term project strategy.
Altair Minerals Limited (ASX: ALR) has received firm institutional commitments to raise AU$13 million through a placement that will fund an expanded drilling campaign at the company’s Greater Oko Project. At the time of writing, the placement price has been set at A$0.016 per share, positioning the company to begin a major phase of exploration in early 2026.
Institutional Support Strengthens Shareholder Base
The capital raising has been led by a group of international mining investors, including 1832 Asset Management, which will now become a substantial shareholder in Altair. The company said attracting institutional backing of this calibre signals market confidence in the geological potential of Greater Oko and the broader project portfolio.
The placement will see 812.5 million new shares issued, with the majority released under ASX Listing Rule 7.1 and the remainder under Listing Rule 7.1A. The issue price represents a 15–16 percent discount to recent trading levels, aligning the raise with prevailing market conditions.
Funding to Accelerate Exploration and Development
Proceeds from the placement will fully fund a ~15,000m drill program across priority targets at North Peters and South Oko. The company is also advancing geochemical sampling and geophysical survey integration to refine high-probability drill targets. In addition to drilling, funds will support camp infrastructure, project development, and general working capital. The placement was led by 62 Capital Pty Ltd and Argonaut Securities Pty Limited, with Morgans Financial Corporate Limited supporting the raise in a co-manager role.
Company Signals Strong Momentum Ahead
Chief Executive Faheem Ahmed said the capital raise positions Altair to accelerate exploration “at greater scale and speed,” adding that Greater Oko represents a high-potential, growth-stage gold district in a stable mining jurisdiction.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Altair Minerals Secures AU$13 Million to Accelerate Greater Oko Exploration
Highlights:
Altair Minerals Limited (ASX: ALR) has received firm institutional commitments to raise AU$13 million through a placement that will fund an expanded drilling campaign at the company’s Greater Oko Project. At the time of writing, the placement price has been set at A$0.016 per share, positioning the company to begin a major phase of exploration in early 2026.
Institutional Support Strengthens Shareholder Base
The capital raising has been led by a group of international mining investors, including 1832 Asset Management, which will now become a substantial shareholder in Altair. The company said attracting institutional backing of this calibre signals market confidence in the geological potential of Greater Oko and the broader project portfolio.
The placement will see 812.5 million new shares issued, with the majority released under ASX Listing Rule 7.1 and the remainder under Listing Rule 7.1A. The issue price represents a 15–16 percent discount to recent trading levels, aligning the raise with prevailing market conditions.
Funding to Accelerate Exploration and Development
Proceeds from the placement will fully fund a ~15,000m drill program across priority targets at North Peters and South Oko. The company is also advancing geochemical sampling and geophysical survey integration to refine high-probability drill targets. In addition to drilling, funds will support camp infrastructure, project development, and general working capital. The placement was led by 62 Capital Pty Ltd and Argonaut Securities Pty Limited, with Morgans Financial Corporate Limited supporting the raise in a co-manager role.
Company Signals Strong Momentum Ahead
Chief Executive Faheem Ahmed said the capital raise positions Altair to accelerate exploration “at greater scale and speed,” adding that Greater Oko represents a high-potential, growth-stage gold district in a stable mining jurisdiction.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au