“As with many junior mining companies, Alturas is currently going through a tight cash position and does not have sufficient funds to continue its exploration operations in the normal course. However it maintains positive expectations and is in the process of seeking to secure sufficient additional capital to maintain its existing property holdings until the industry downward cycle recovers. Alturas also remains very optimistic with respect to the mineral potential of its projects and is evaluating alternative plans for exploration. We are currently having conversations with various mining companies and private investors that are strongly interested in a joint venture partnership to develop these and other projects from our high-quality property portfolio in Peru and Chile.”
- Tight cash position
- Positive expectations
- Very optimistic
- Alternative plans
- Joint venture partnership
- High-quality property portfolio