Alphamin shareholder Tremont agrees to sell majority stake

Alphamin Resources Corp. (JSE:APH) announced today that its majority shareholder, Tremont Master Holdings ("TMH"), has entered into a definitive agreement to sell 718,990,967 common shares, representing approximately 56% of outstanding shares, to International Resource Holding ("IRH"). The price is set at C$0.70 per share, totaling C$503,293,677 (US$367,001,749) in the aggregate. IRH is an Abu Dhabi-based global mining company focused on securing and optimizing industrial metals supply chains. The transaction is subject to customary closing conditions, including regulatory and internal corporate approvals. Alphamin's board is currently evaluating the potential impact of the transaction on the company.