Altona Energy Share News (ANR)

IN BRIEF: Altona raises funds, sees admission to Main Market on June 9

Altona Rare Earths PLC - London-based mining exploration company - Announces the publication of its prospectus in respect of the proposed admission to the Official List and to trading on the London Stock Exchange's Main Market. Expects admission June 9. Further, raises GBP2.0 million via oversubscribed GBP1.7 million placing and subscription of GBP322,700 through the issue of 40 million shares at 5 pence each. Funds will be used to complete Altona's maiden compliant mineral resource estimate and a scoping study for its flagship asset, Monte Muambe Rare Earths mining project in Mozambique, which is expected to be published in August. In addition, says in line with the company transitioning into a highly technical phase of exploration and development at admission, Christian Taylor-Wilkinson will step down as both chief executive and director. Cedric Simonet, the chief operating officer, will be appointed chief executive officer at admission.

Admission of Altona Rare Earths to London Stock Exchange delayed

(Alliance News) - Altona Rare Earths PLC on Friday said it will not start trading on the London Stock Exchange on Monday, as previously planned.

Altona achieves fundraising while preparing move to LSE market

(Alliance News) - Altona Rare Earths PLC on Friday said it had raised GBP2.0 million through the issue of new shares and will list on London Stock Exchange's Main Market.

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

EARNINGS SUMMARY: Libertine focused on future; Worsley outperforms

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Altona Rare Earths completes Mozambique drilling programme on budget

(Alliance News) - Altona Rare Earths PLC on Wednesday announced it had completed its drilling programme at its Mozambique Monte Muambe Project.

IN BRIEF: Altona Rare Earths raises GBP1.1 million through placing

Altona Rare Earths PLC - London-headquartered mining exploration company focused on projects in Africa - Conditionally raises GBP1.1 million through a placing of 13.8 million shares at 8.0 pence each. The placing is conditional on the company's admission to the Official List of the London Stock Exchange's main market. This is expected by the end of September.

IN BRIEF: Altona Rare Earths completes milestone at Monte Muambe

Altona Rare Earths PLC - mining exploration company focused on projects in Africa - Estimates an exploration target of up to 56.6 million tonnes at up to 1.65% total rare earth oxide at the Monte Muambe deposit in Mozambique, based on its ongoing exploration work. Says this includes 11.5 million tonnes at 2.4% total rare earth oxide, corresponding to a well-defined high-grade zone. Altona says Monte Muambe is on track to become a high value project.

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Altona Rare Earths notes positive results for Monte Muambe

Altona Rare Earths PLC - mining exploration company focused on projects in Africa - Reports the final phase one assay results from Monte Muambe in Mozambique on Wednesday. Results show "significant" rare earth elements levels across multiple target areas. Also notes significant neodymium-praseodymium levels. Out of the six targets drilled, four have significant rare earth element mineralisation and warrant follow-up, company explains.

IN BRIEF: Altona Rare Earths ups assets in 2021; confident in outlook

Altona Rare Earths PLC - mining exploration company focused on projects in Africa - Widens pretax loss to GBP418,000 in the half year ended December 31 from GBP120,000 the previous year. Increases total assets at December 31 to GBP1.2 million from GBP457,000 year-on-year. Post-period end, Altona says initial assay results from the Monte Muambe project in Mozambique have shown "significant" resource potential. Company also terminates the Chambe project in Malawi after it fails to meet investment criteria.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Altona Rare Earths terminates interest in Malawi project

Altona Rare Earths PLC - London-based mining company focused on east and central Africa - On Monday, terminates its interest in the Chambe Rare Earths Project in Malawi. Company says it "follows strict investment criteria for all its acquisitions" and "in this instance, certain of these criteria were not being met by its local joint venture partner, primarily the completion of the conditions precedent as set out by the joint venture agreement, leading to the board’s decision to step away from the project". Adds only minimal costs have been spent on the project to date.

TRADING UPDATES: Serabi profit cut; Altona completes Mozambique drill

TRADING UPDATES: Serabi profit cut; Altona completes Mozambique drill