ASX:ALR

3 stories mentioning ASX:ALR

Every FINWIRES story that references ASX:ALR, newest first.

ASX Midday Sector Update: Materials Stocks Gain, Energy Declines

Materials stocks were rising about 0.6% in midday trading on Monday, as almost all other sectors were in the red amid a continued blockade of the Strait of Hormuz.Altair Minerals (ASX:ALR) shares surged 20% after it received a firm commitment from an Endeavour Mining subsidiary to raise AU$28.2 million through a placement of 656.3 million shares.Meanwhile, energy stocks were leading broader declines with a fall of 1.7% even as oil prices edged higher.Shares of Origin Energy (ASX:ORG) were down nearly 3% after it reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier.

ASX 200ASX:ALRASX:ORG

Asia49d ago

Altair Minerals to Raise AU$28 Million via Share Placement; Shares Reach Near 14-Year High

Altair Minerals (ASX:ALR) received a firm commitment from Endeavour Mining's Endeavour Gold subsidiary to raise AU$28.2 million through a placement of 656.3 million shares at AU$0.043 apiece, according to a Monday filing with the Australian bourse.In tranche one, 398 million shares will be issued, while the remaining 258.3 million shares will be issued in tranche two, subject to shareholder approval, the filing said.Proceeds will be used to advance the company's drilling and geochemical programs.Endeavour is expected to become a 9.9% shareholder of the company upon completion of the placement, per the filing.Shares rose 20% in recent Monday trade and earlier reached their highest since June 2012.

ASX:ALR

Asia62d ago

Altair Minerals Starts Inaugural Drilling Program at Guyana Project; Shares Reach Five-Year Peak

Altair Minerals (ASX:ALR) said its inaugural drilling program started at the Greater Oko project in Guyana, comprising of 15,000 meters of diamond drilling and 15,000 meters of rotary air blast drilling, according to a Tuesday Australian bourse filing.Initial drilling will start at the North Peters prospect, per the filing. Ongoing geochemical and geophysics works across the project will support a multi-year pipeline of priority targets.The company reported trenching results of 16.5 meters at 9.7 grams per tonne (g/t) grade of gold, as well as 39 meters at 3.8 g/t grade of gold from the North Peters prospect, the filing said.Altair Minerals' shares rose 10% in recent trading on Tuesday, reaching a five-year peak.

ASX:ALR