Altamira Gold (TSX-V:ALTA) has raised almost C$6.285 million ($6.88 million) since 1 September 2025 after exercising 31.3 million share purchase warrants and 131,700 broker’s warrants.
The warrants had an exercise price of $0.20, and were issued on 6 November 2023 and expired on 6 November 2025.
With two independently established mineral resources, a highly prospective geological setting and a track record of significant discoveries, the company says it is well-positioned to unlock further value across its extensive land package.
CEO Michael Bennett says it reflects the continued support of shareholders as Altamira advances drilling across its Cajueiro porphyry gold district in Brazil.
“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,” the CEO says.
Altamira is focused on the exploration and development of gold projects within western central Brazil, strategically advancing five projects spanning over 100,000 hectares within the prolific Juruena Gold Belt-an area that has historically yielded over 6 million ounces of placer gold.
The company’s advanced Cajueiro project contains two gold deposits. The central area comprises NI 43-101 resources of 5.66Mt @ 1.02g/t gold for a total of 185,000oz in the indicated resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the inferred category.
Ongoing exploration and fieldwork at Cajueiro indicates the presence of multiple porphyry gold systems, reinforcing its potential for district-scale development.
These hard-rock gold sources align with historical alluvial gold production, highlighting the region’s exceptional gold endowment and potential scalability.
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Images: Altamira
