Altai Resources Inc. (1IA)
XFRA 
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Altai Resources Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Kursat Kacira CEO | XFRA Exchange | CA02136K1084 ISIN |
| CA Country | - Employees | 10 Oct 2025 Last Dividend | - Last Split | 9 Aug 1999 IPO Date |
Overview
Altai Resources Inc. is a distinguished natural resource exploration and development enterprise based in Canada, with a rich history dating back to its incorporation in 1955. With its headquarters in Toronto, Canada, Altai Resources is primarily engaged in the exploration and development of oil and natural gas, as well as gold properties. The company's strategic focus on these valuable resources underscores its commitment to contributing to the energy and mining sectors, leveraging Canada's diverse and abundant natural resources. Through its exploration activities, Altai Resources Inc. seeks to uncover and develop sites with significant potential for resource extraction, thereby contributing to both the local and national economy.
Products and Services
- Oil and Natural Gas Exploration
Altai Resources Inc. is actively involved in the exploration of oil and natural gas, primarily focusing on regions with high potential for discovery. The company holds a significant interest in the Cessford oil property, which spans an area of 240 acres located in the southern part of Alberta. This key asset represents one of the company's main ventures into the oil and gas sector, highlighting their strategic approach to identifying and developing sources of hydrocarbons. By tapping into these resources, Altai aims to contribute to the growing energy needs while ensuring sustainable practices in their exploration and development activities.
- Gold Exploration
Another core focus for Altai Resources Inc. is the exploration of gold properties. The company possesses a 50% interest in the Malartic gold property, which comprises six map designated claims over an area of 127.6 hectares. Located in the Malartic Township within the Val d'Or area of Quebec, this gold property signifies Altai Resources' strategic investment in the precious metals sector. The exploration of gold not only diversifies the company's portfolio but also aligns with its objective to explore and develop natural resources that offer significant economic potential.
