(Alliance News) - Altona Rare Earths PLC on Friday said it has raised a further nearly GBP345,000 of funding through a subscription and exercise of warrants. Read More
Altona Rare Earths PLC - Africa-focused resource exploration and development - Raises total GBP507,450, via subscription of GBP407,450 and a warrant exercise notice of GBP100,000. Subscription price 2.965 pence per share. Proceeds will be used to fund the activities at Monte Muambe to advance the fluorspar scoping study, including resource drilling and advanced metallurgical work. Funds will also support the Sesana Copper-Silver project through environmental permitting, as well as initial geophysical surveys. They will also be used to continue assessing the recent Gallium discovery and to secure a strategic partner for the development of the Monte Muambe rare earths project. The board continues to seek additional, alternative funding sources, including proposed strategic investments at project level through equity, debt, grants, or pre-payments in the context of off-take agreements. Read More
(Alliance News) - Altona Rare Earths PLC on Thursday said it has signed a non-disclosure agreement with a "leading international critical metals mining industry group" for a potential strategic investment in a project in Mozambique. Read More
(Alliance News) - Altona Rare Earths PLC on Wednesday said initial metallurgical test results from its Monte Muambe project in Mozambique were "very encouraging", indicating strong potential to produce higher-value acid-grade fluorspar. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and Tuesday, and not separately reported by Alliance News: Read More
(Alliance News) - Altona Rare Earths PLC on Monday said it has received "very encouraging" results from the assay of fluorspar ore samples collected at the Monte Muambe fluorite zone. Read More
Altona Rare Earths PLC - developing Monte Muambe magnet rare earths project in northwest Mozambique - Promotes Non-Executive Director Simon Charles to chair effective from its general meeting on Tuesday. Charles joined the Altona board in June last year. He was senior partner at City solicitors Marriott Harrison LLP. Earlier this month, Martin Wood stepped down as chair after four years on the board. Read More
Altona Rare Earths PLC - Africa-focused resource exploration and development - Martin Wood will step down as non-executive chair on Saturday, having served four years on the board. Wood oversaw Altona's move from the Aquis Stock Exchange to the London Main Market last year. Altona says it will make an announcement about a new chair "in due course". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Altona Rare Earths PLC on Tuesday said it has struck a deal to acquire an up to 85% stake in a copper and silver asset in Botswana. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Altona Rare Earths PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Expects flotation results from Monte Muambe prefeasibility study in the second quarter of 2024. PFS activities for Monte Muambe are underway and currently focused on advanced metallurgical testing, it says. Chief Executive Officer Cedric Simonet said: "To complement Monte Muambe, we are looking to build a balanced portfolio of carefully selected critical raw materials projects across different African countries." Read More
Altona Rare Earths PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Receives formal regulatory approval from Mozambique's minister of Mineral Resources & Energy for the increase of its holding in Monte Muambe Mining Ltd to 51% from 20%. Monte Muambe is the Mozambican subsidiary holding the prospecting licence encompassing the Monte Muambe project. Chief Executive Officer Cedric Simonet says: "The speed with which approval was granted by the ministry shows the level of support our Monte Muambe project has." The project is located in the Tete province of northwestern Mozambique and has a surface area of 39.4 square kilometres. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Altona Rare Earths PLC on Thursday said its subsidiary Monte Muambe Mining Limitada lodged an application for a mining licence at its Mozambique project. Read More