trending Market Intelligence /marketintelligence/en/news-insights/trending/VtndzEgal5TpgZzGM1baxA2 content esgSubNav
In This List

Altair Resources to acquire solvent extraction plant from Atlas Precious Metals

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | Looking ahead to the energy transition in 2023

Video

Path to Net-Zero: How are mining companies tracking?

Blog

The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?


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.