Altamira Gold raises $6.28 million from the exercise of warrants
Altamira Gold Corp. [ALTA-TSXV, EQTRF-OTC Pink, T6UP-FSE] a company that is drilling a new gold discovery on its Cajueiro project in Para state, Brazil, said it has raised $6.28 million via the exercise of warrants. Since September 1, 2025, the company said 31.3 million share purchase warrants and 131,700 broker warrants were exercised. The warrants had an exercise price of 20 cents and were issued on November 6, 2023, in connection with a non-brokered private placement.
Altamira Gold shares were unchanged at 20 cents on Friday. The shares trade in a 52-week range of 38 cents and $0.085.
Aura Minerals Inc. [AUGO-NASDAQ, AURA32-B3] said it has exercised 24 million common share purchase warrants at the exercise price of 20 cents. As a result, Aura owns 54 million shares and 3.0 million warrants representing 18.22% of the issued and outstanding shares on a non-diluted basis and 19.04% on a diluted basis.
Altamira is focused on exploration and development of gold projects in western central Brazil where it is advancing five projects spanning over 100,000 hectares within the Juruena Gold Belt, an area that historically yielded over 6.0 million ounces of placer gold. The company’s advanced Cajueiro project contains two gold deposits. The central area hosts a NI 43-101-compliant resource of 5.66 million tonnes of 1.02 g/t gold for 185,000 ounces in the indicated category and 12.66 million tonnes at 1.26 g/t gold or 515,000 ounces in the inferred category. In addition, the Maria Bonita gold deposit consists of an open pit indicated resource of 24.19 million tonnes at 0.46 g/t or 357,800 ounces, and an inferred resource of 25.64 million tonnes at 0.44 g/t or 362,400 ounces.
The Cajueiro project is located approximately 75 kilometres northwest of the town of Alta Foresta in the state of Mato Grosso in central western Brazil and is easily accessible by road and grid power. Cajueiro is one of three key projects that Altamira controls in the region, the other two being Apiacas and Santa Helena.
“We are pleased to have continued support of our shareholders as we advance drilling across our Cajueiro project porphyry gold district in Brazil,’’ said Alamira President and CEO Michael Bennett. “These funds will allow us to continue with our extensive drill program at the Maria Bonita and the Central Resource area with the goal of increasing our current mineral resource in those zones, and to drill test several of the new target areas identified over the last 18 months.”
The company has said ongoing exploration and fieldwork at the Cajueiro project indicates the presence of multiple porphyry gold systems, reinforcing its potential for district-scale development.
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