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Alt Resources PLC - mining royalty and streaming company formerly known as ACP Energy PLC - Enters a conditional agreement to buy a cash-generative mining royalty. The deal is with Sydney-listed Theta Gold Mines Ltd, which has a ‘near-producing’ gold asset in the Mpumalanga province of South Africa, consisting of shallow underground and open-pit resources, together with a plant and tailings storage facility on site. As part of the investment, Alt Resources will move its listing to the AIM market from the London Main Market, and it will conduct a ‘financing’, with details on this to follow. After the raise, Aaron Kidd, an Australian and executive director of Zephyr Capital Pty Ltd, will join the Alt board as an independent non-executive director. ‘The directors believe mining royalty and streaming assets represent an attractive opportunity for shareholders and new investors, providing exposure to commodity prices with a lower risk profile than mining equities,’ Alt Resources says. ‘The company’s strategy to provide alternative finance in the mining sector by creating new royalties and continued consolidation of existing royalties and streams available on attractive terms, takes advantage of gaps in the market under-exploited by peers.’ Alt Resources shares remain suspended from trading in London. Theta Gold Mines closed up 3.0% to A$0.17 in Sydney on Monday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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