FULL DISCLOSURE: Altamira Gold is a sponsor of theDeepDive.ca.
Altamira Gold (TSXV: ALTA) has seen a major shareholders increase their stake in the company rather significantly. Aura Minerals (NASDAQ: AUGO) last night indicated that they had acquired further shares to grow their 11.3% interest in the company.
That growth comes via the exercise of warrants, with Aura exercising 24.0 million common share purchase warrants which had an exercise price of $0.20 per share, generating proceeds for Altamira of $4.8 million in the process. The move is significant, considering that Altamira last traded at $0.20 per share.
Post warrant exercise, Aura Minerals holds 54.0 million shares and an additional 3.0 million warrants in Altamira, which equates to an ownership interest of 18.22% on a non-diluted basis, and an interest of 19.04% on a partially diluted basis.
In making the decision to exercise the warrants, Aura indicated that the action was a a result of “the exploration potential of Altamira.”
The move follows Altamira earlier this week announcing the addition of a second drill rig to the ongoing exploration program at their flagship Cajueiro gold project in Brazil. Drilling is currently working to grow two separate resources held at the property, while also looking to test several porphyry targets that exist across the Cajueiro gold district.
Altamira separately this morning indicated that they have received gross proceeds of $6.3 million following the exercise of warrants from investors since September 1, 2025.
“The exercise of these warrants reflects the confidence of our shareholders in our expanding Cajueiro Porphyry Gold District. These funds will allow us to continue with our extensive drill program at Maria Bonita and the Central Resource area with the goal of increasing our current mineral resources in those zones, and to drill test several of the new target areas identified over the last 18 months. We look forward to advancing our exploration efforts and realising the potential of the Cajueiro district,” commented Michael Bennett, CEO of Altamira.
Altamira Gold last traded at $0.20 on the TSX Venture.
FULL DISCLOSURE: Altamira Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Altamira Gold. The author has been compensated to cover Altamira Gold on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
