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ALTAIR INTERNATIONAL CORP.

(ATAO)
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ALTAIR INTERNATIONAL CORP. : Entry into a Material Definitive Agreement (form 8-K)

01/14/2021 | 11:04am EST

Item 1.01 Entry into a Material Definitive Agreement.

On November 23, 2020, the registrant ("Altair International") entered into an Earn-In Agreement with American Lithium Minerals, Inc. under which Altair International must make total payments of $75,000 to obtain a 10% undivided interest in 63 unpatented placer mining claims comprised of approximately 1,260 acres, and three lode mining claims comprising approximately 55 acres in Nevada. The first payment in the amount of $30,000 has been made by Altair International and a second payment of $45,000 which was due by January 7, 2021 has been made. Altair International has the option to increase its ownership interest by an additional 50% by a total payment of $1,300,648 for exploration and development costs as follows: $100,648 within year one for an additional 10/%, $600,000 in year two for an additional 20% and $600,000 in year three for an additional 20% ownership interest. The foregoing description of the Earn-In Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement which was filed as Exhibit 10.1 to the Current Report on Form 8-K filed December 14, 2020 and is incorporated herein by reference.

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Financials (USD)
Sales 2021 - - -
Net income 2021 -12,0 M - -
Net Debt 2021 0,27 M - -
P/E ratio 2021 -6,80x
Yield 2021 -
Capitalization 32,2 M 32,2 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 32,8%
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Managers and Directors
Leonard Lovallo President, CEO, CFO, Secretary & Treasurer
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