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Altai Resources Inc. is a Canadian-based enterprise primarily focused on the exploration and development of natural resources. The company's activities specifically target crude oil, natural gas, and gold deposits. Its asset portfolio includes full ownership (100%) of the Sorel-Trois Rivieres natural gas property in Quebec's St. Lawrence Lowlands, which consists of five oil and gas exploitation and reservoir permits spanning 68,483 hectares. Additionally, Altai holds a 45% stake in the Cessford oil property, an area of 240 acres situated in Southern Alberta's Cessford region. The company also…
TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- Altai Resources Inc. (NEX: ATI.H) (“Altai” or the “Company”) is pleased to announce the appointment of Mr. Allister Avard to the Company's Board of Directors (the “Board”), effective immediately, replacing Mr. Jeffrey Ackert who has resigned today as a Director of the Company. The Board thanks Mr. Ackert for his service and contributions to the Company, and wishes him continued success in his future endeavors. Mr. Avard has over seven years of capital markets experience in financings, due diligence, and reverse takeover transactions, most recently at Haywood Securities in Toronto, where he held Canadian securities licensing and the U.S. Series 7 (General Securities Representative) registration.
TORONTO, June 03, 2026 (GLOBE NEWSWIRE) -- Kursat Kacira, the Chairman and CEO/President of Altai Resources Inc. (“Altai” or the “Company”), announced that he has disposed (the “Disposition”) of an aggregate of 11,100,000 common shares in the capital of the Company (the “Shares”). Prior to the Disposition, Mr. Kacira beneficially owned and controlled, directly and indirectly, an aggregate of 11,100,000 Shares, representing in aggregate approximately 19.8% of the total issued and outstanding Shares. After giving effect to the Disposition, Mr. Kacira does not beneficially own or control any securities in the capital of the Issuer.
TORONTO, April 06, 2026 (GLOBE NEWSWIRE) -- Altai Resources Inc. (NEX: ATI.H) (“Altai” or the “Company”) announced that, effective today, the TSX Venture Exchange (the “TSXV”) has transferred the listing of the common shares of the Company (the “Common Shares”) to the NEX board of the TSXV (the “NEX”) and has withdrawn the 90-day Notice to Transfer to NEX that had been previously issued by the TSXV and that had been announced by the Company in its news release dated February 17, 2026, as instructed by the TSXV. In accordance with the transfer of the listing of the Common Shares to the NEX, the Company's trading symbol has changed from ATI to ATI.H. There is no change in the Company's name, no change in its CUSIP number, and no consolidation of capital. The Company continues to pursue strategic alternatives, including seeking new mining exploration properties to acquire.
TORONTO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that further to the Company's news release dated September 4, 2025 regarding the declaration by the board of directors of the Company of a special cash distribution of $0.06 per common share (the “Special Cash Distribution”), the Company has completed the payment of the Special Cash Distribution by way of a return of capital. The total amount paid by the Company for the Special Cash Distribution was approximately $3.4 million, which was funded from the Company's cash and cash equivalents. As of today's date, the Company has approximately $0.7 million of cash and cash equivalents remaining, or approximately $0.013 per common share based on the total issued and outstanding common shares of 56,033,552. As of today's date, the Company is debt-free.
TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that it has sold its ownership of a 50% working interest in the oil wells property located in Cessford, Alberta, comprised of 4 oil wells (the “Cessford Oil Wells Property”), to the owner of the other 50% working interest, and the property's operator, Canadian Natural Resources Limited (“CNRL”), for a net liability settlement of $50,674 (the “Net Liability Settlement”), which is comprised of the sale of the asset portion and the settlement of the liability portion. The Net Liability Settlement has been paid for by an inter-bank cash transfer from the Company to CNRL. The Net Liability Settlement represents a gain of $111,728 (or approximately 69%) over the Company's decommissioning liability, net of the carrying value of the asset, for the Cessford Oil Wells Property as reported in the Company's most recent interim consolidated financial statements for the period ended June 30, 2025.