Altamira Gold raises C$6.3M as warrants exercised to fund Brazil drilling programs

Altamira Gold secures C$6.3M from warrant exercises to advance drilling at the Cajueiro gold project in Brazil’s Juruena Belt, targeting expanded resources and new porphyry discoveries.

Altamira Gold (TSX-V:ALTA) has raised C$6.285 million since September 1, 2025, following the exercise of 31.3 million share purchase warrants and 131,700 broker warrants, both with an exercise price of C$0.20. The warrants, originally issued on November 6, 2023, expired on November 6, 2025.

The company said the funding underscores continued shareholder confidence as Altamira advances its extensive exploration and drilling programs across the Cajueiro gold district in Brazil’s Juruena Gold Belt.

“These funds will allow us to continue with our extensive drill program at Maria Bonita and the Central Resource area, with the goal of increasing our current mineral resources and testing several new targets identified over the last 18 months,” said Michael Bennett, CEO of Altamira Gold.

Expanding gold potential in Brazil

Altamira controls a large exploration portfolio of five gold projects covering more than 100,000 hectares in western-central Brazil — within the prolific Juruena Gold Belt, which has historically produced over 6 million ounces of placer gold.

The company’s Cajueiro project hosts two independently established gold deposits. Current NI 43-101 compliant resources for the Central area include:

• Indicated: 5.66 Mt @ 1.02 g/t gold for 185,000 oz Au
• Inferred: 12.66 Mt @ 1.26 g/t gold for 515,000 oz Au

Exploration and fieldwork continue to reveal multiple porphyry-style gold systems across the district, suggesting district-scale discovery potential.

Altamira says these hard-rock sources are spatially linked to historical alluvial gold deposits, confirming the area’s exceptional endowment and long-term scalability.