Altus Strategies Plc (LON:ALS & TSX-V:ALTS), the Africa focused exploration project generator, announced that it signed a Letter of Intent with ASX listed Canyon Resources Ltd. Joining Directorstalk to discuss the agreement Steven Poulton, CEO of Altus Strategies. Steve talks about the project in Cameroon, the terms of the deal, how Canyon fits in with the broader strategy and further deals.
Altus Strategies Plc is a London and Toronto listed, diversified and Africa focused mineral exploration project generator. Through our subsidiaries we discover new projects and attract third party capital to fund their growth, development and ultimately exit optionality. This strategy enables Altus to remain focused on the acquisition of new opportunities to be fed into the project generation cycle and aims to minimise shareholder dilution. Our business model is designed to create a growing portfolio of well managed and high growth potential projects and royalties, diversified by commodity and by country. Altus currently has eighteen projects in six commodities across six countries. We aim to position our shareholders at the vanguard of value creation, but with significantly reduced risks traditionally associated with investments in the mineral exploration sector.