Mr. Maritz Smith reports
ALPHAMIN ANNOUNCES CAD$0.07 PER SHARE INTERIM FY2025 DIVIDEND/ APPOINTMENT OF TWO NEW DIRECTORS/ FILES Q2 2025 FINANCIAL STATEMENTS AND MD&A
Alphamin Resources Corp. has appointed two new directors, declared an interim FY (fiscal year) 2025 dividend, and filed its unaudited condensed consolidated financial statements, and accompanying management's discussion and analysis (MD&A), for the quarter and six months ended June 30, 2025, on SEDAR+.
Appointment of directors
Following its acquisition of a 56-per-cent shareholding in the company, completed on July 22, 2025, International Resources Holding's (IRH) subsidiary, Alpha Mining Ltd., requested the appointment of two additional directors to the board of Alphamin.
The board has appointed, subject to regulatory approval, Ravi Sharma (chief operating officer of IRH) and Abhinay Khowala (group chief financial officer of IRH) as additional directors of the company, and looks forward to their respective contributions to the company's continued success.
Mr. Sharma is the COO at IRH. With 36 years in the mining industry, he has worked across multiple continents, gaining extensive experience in a range of commodities. He is a JORC competent person and a National Instrument 43-101 qualified person for mineral resource estimates.
Mr. Khowala is the group CFO at IRH. He is a finance professional with over 20 years of experience in financial management, strategic planning and corporate governance across the mining and logistics sectors. Mr. Khowala is a qualified chartered accountant from The Institute of Chartered Accountants of India.
Interim FY 2025 dividend declared
The board has declared an interim FY 2025 cash dividend of seven Canadian cents per share on the common shares (approximately $65-million (U.S.) in the aggregate). The dividend will be payable on Sept. 15, 2025, to shareholders of record as of the close of business on Aug. 29, 2025.
The board intends to consider a further top-up FY 2025 dividend in November, 2025, taking into account the company's financial position and prevailing market conditions.
The company, together with its new majority shareholder, wishes to reaffirm Alphamin's objectives of declaring semi-annual dividends, and to grow its globally significant tin production base by increasing the intensity of exploration efforts in order to significantly add to the current life of mine, as well as focus on grassroots exploration in search of tin deposits in close proximity to the Bisie mine.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.