08:13 AM EDT, 08/28/2025 (MT Newswires) -- Altai Resources ( ARSEF ) overnight Wednesday said it sold its ownership of a 50% working interest in the exploration gold property in Malartic Township, Quebec to the owner of the other 50% working interest, and the property's operator, Globex Mining Enterprises ( GLBXF ) , for cash consideration of $142,000.

The property is comprised of 6 claims and the cash consideration was paid by an inter-bank cash transfer to Altai. The company said the sale price represents a premium of $18,289 or about 15% over its carrying value of the Malartic Gold Property per its most recent interim consolidated financial statements for the period ended June 30.

Shares of the company closed unchanged at $0.080 on Wednesday on the TSX Venture Exchange.