Description
Altai Resources Inc. is a Canadian resource company with a diversified portfolio of natural gas, gold and industrial mineral properties in Canada and the Philippines.
Altai holds the largest, non joint ventured, land package with 100% interest in the heart of the St. Lawrence Lowlands Utica Shale gas play in Quebec – the Sorel-Trois Rivières natural gas property of seven permits aggregating to 114,344 hectares (282,544 acres) with significant potential for production and storage. In addition, Altai retains a 15% gross royalty in the adjoining permit of 13,290 hectares (32,840 acres) held by Talisman Energy Canada, and a 50% joint venture interest in Malartic gold property in the Val d'Or area, Quebec. The company is debt free with a working capital of $5.2 million.