Altona Rare Earths Share News (REE)

Altona Rare Earths shares soar as strikes Botswana asset deal

(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.

EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens

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

TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV

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

IN BRIEF: Altona to receive Monte Muambe PFS results in second quarter

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."

IN BRIEF: Altona Rare gets approval for majority stake in Monte Muambe

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.

TRADING UPDATES: Graft Polymer raises GBP500,000 in placing

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

UK shareholder meetings calendar - next 7 days

Altona Rare Earths firm files Mozambique mining licence application

(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.

IN BRIEF: Altona acquires majority stake in Monte Muambe company

Altona Rare Earths PLC - mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Increases holding in Monte Muambe Mining Limitada from 20% to 51%. MMML is the Mozambican subsidiary holding the prospective licence encompassing Altona's flagship Monte Muambe project, located in northwestern Mozambique's Tete Province. Transfer is subject to final approval by Mozambique's Minister of Mineral Resources & Energy. The news follows successful completion in mid-October of Phase 2, a scoping study which indicated an average yearly production of 15,000 tonnes of mixed rare earth carbonate at an average price of USD13,558.40 per tonne.

EARNINGS AND TRADING: Robinson hit by Storm Babet, Altona loss widens

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

Altona Rare Earths scoping study results show Monte Muambe's potential

(Alliance News) - Altona Rare Earths PLC on Wednesday said the results of the scoping study for its Monte Muambe rare earths project in northwestern Mozambique were positive and indicated the project's potential.

IN BRIEF: Altona Rare Earths mineral resource estimate as hoped

Altona Rare Earths PLC - mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Announces its maiden JORC compliant mineral resource estimate for its Monte Muambe rare earths project in Mozambique. Says this shows 13.6 million tonnes at 2.42% rare earth oxide using a cut-off grade of 1.5% rare earth oxide. Says the estimate, which is focused on the high-grade zones of the deposit, is in line with its expectations.

Altona touts potential at Monte Muambe on drilling results at site

(Alliance News) - Altona Rare Earths PLC on Wednesday said it is planning additional work on one of its targets at Monte Muambe, after confirming high-grade ore at the site.

Altona to resume drilling at Mozambique rare earths project next week

(Alliance News) - Altona Rare Earths PLC on Wednesday said its Monte Muambe rare earths project in Mozambique reopened on Monday, with drilling to resume on or around Saturday next week.

UK shareholder meetings calendar - next 7 days