trending Market Intelligence /marketintelligence/en/news-insights/trending/VtndzEgal5TpgZzGM1baxA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Altair Resources to acquire solvent extraction plant from Atlas Precious Metals

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Altair Resources to acquire solvent extraction plant from Atlas Precious Metals

Altair Resources Inc. said Aug. 9 that it signed an asset purchase agreement with Atlas Precious Metals Inc. for the acquisition of a solvent extraction plant, which was initially offered to the miner in April when it acquired the Pan American zinc mine and Caselton mill in Nevada.

The plant will be acquired in exchange for US$150,000 in cash and US$270,000 worth of common Altair shares at a deemed value of 40 Canadian cents apiece.

Altair will use the plant to modify the zinc and lead/silver flotation circuits at Caselton in order to treat tails produced from flotation containing manganese carbonate. After leaching, the clarified soluble manganese sulfate solutions will pass through the solvent extraction plant for upgrading and purification and then to electro-winning to produce electro-manganese dioxide.

The acquisition is expected to close on or around Aug. 31.