RE: Strong Buy27 Feb 2026 15:04
Altona Rare Earths PLC, up 28% The resource exploration and development company focused on critical raw materials in Africa strikes a grant agreement with the US government, under the US Trade & Development Agency. Altona's subsidiary Monte Muambe Mining Ltda signed the deal at the US embassy in Maputo, Mozambique. "This signing represents a significant milestone and marks the formal commencement of the strategic partnership with the United States government to advance the Monte Muambe rare earths project in Mozambique," Altona says. As part of the deal, USTDA will provide a grant worth USD1.9 million to go towards metallurgy and process engineering components of a Monte Muambe project rare earths pre-feasibility study. The Monte Muambe project is located in the Tete province, in the northwest of the country.