Altus Strategies Plc announces that the maturity date of the strategic loan facility ("Facility") from La Mancha Fund SCSP ("La Mancha") has been extended by six months to 31 December 2022. All other terms of the Facility remain unchanged from those announced on 17 August 2021 and as amended on 14 February 2022. La Mancha is the Company's largest shareholder owning 35.08% of the Company's issued share capital.

On 17 August 2021, the Company entered into the Facility with La Mancha and drew down US$29 million. The Facility was applied to the acquisition of an effective 0.418% net smelter return royalty interest on the producing Caserones Copper Mine in Chile. The Facility was due to expire on 30 June 2022 and currently bears an annualised interest rate of 10% plus the three month United States dollar London Inter-bank Offered Rate.

The Company has already repaid US$5 million of the Facility, reducing the current principal and capitalised interest under the Facility to US$25.75 million.