Ms. Ashley Lastinger reports
ALTURA ENERGY PROVIDES FURTHER UPDATE ON $3 MILLION STRATEGIC INVESTMENT TO EXPAND HELIUM PRODUCTION IN ARIZONA
Altura Energy Corp. is continuing to work with its strategic investor, a leading Southeast Asian conglomerate, to complete its $3-million non-brokered private placement of units into the company.
The company has obtained the conditional acceptance of the TSX Venture Exchange to complete the offering. The investor has received approval from its local Ministry of Finance and is awaiting approval from its state bank before it can move forward with closing of the offering. The company has obtained approval from the TSX Venture Exchange to extend the deadline for completion of the offering through until Nov. 30, 2026.
As a reminder, the offering consists of 18,541,400 units of the company at a price of 16.18 cents per unit for gross proceeds of $3-million. Each unit consists of one common share and one common share purchase warrant exercisable at 25 cents for 36 months from closing. Upon completion of the offering, the investor will have the right to nominate one member to the board of directors of the company. For further information concerning the terms of the offering, readers are encouraged to review the news release issued by the company on July 28, 2026.
About Altura Energy Corp.
Altura Energy is a helium-focused exploration and production company advancing a portfolio of assets in Arizona's prolific Holbrook basin. The company is focused on developing a reliable domestic source of helium, a critical and non-renewable gas essential to applications in health care, semiconductor manufacturing, aerospace and advanced technologies.
Altura is currently advancing its flagship project in the Holbrook basin of Arizona, where existing infrastructure and recent operational milestones position the company to commence near-term helium production. With helium concentrations significantly above those typically encountered in conventional natural gas reservoirs, Altura is working to unlock the value of one of North America's emerging helium districts.
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