Altamin Secures US$65m Appian funding deal for Gorno
- Altamin (AZI) will receive up to US$65 million (A$94 million) from global specialist mining private equity fund Appian for the Gorno zinc project in Italy
- Under the agreement, both companies will create an incorporated joint venture (JV) to operate the development and management of Gorno
- The company is expected to keep a 32.6 per cent interest in Gorno once the project has been funded to commercial production based on the scoping study parameters
- The company will retain its $4.83 million cash balance along with full ownership and autonomy of its other strategic battery metals projects
- Shares in the company were down 1.04 per cent, trading at 9.5 cents as of 12:20 pm AEST
