RE: Update12 Nov 2025 10:29
See bottom regarding 14th Oct CEO comment ( obviously US shutdown prob meant the decision on hold till today 12th Nov now US regulators opening )
Here is a summary from various news items and discussion posts
Rare Earths at Altona
> In August 2025 US announced a price floor for NdPr oxides per KG with MP materials, a monumental ground-breaking deal.
>price floor was $110KG
It made projects valuable and economical again, Nd (neodymium) is a key component of NdFeB magnets (the magnets needed for AI datacentres, robotics, EV's, wind turbines, missile guidance, submarines, military tech etc.)
If Altona,s Monte project has 42500 tonnes of contained Neodymium, you are looking at around $110KG so x 907.185 (lets us a US ton) so around $100,000 per tonne, multiply that by the estimate of 45000 and your looking at a $4.2bn asset.
> 18 August Rns
"US Policy Shift Opens Door to Altona's Monte Muambe Rare Earths Project Funding
Altona is pleased to announce that, following a recent policy shift, the US Government has re-engaged with the Company on the possibility of providing funding support for the Monte Muambe rare earths prefeasibility study. A formal project proposal has now been submitted to the USTDA, and the Company anticipates material progress over the coming weeks."
>This development aligns with Altona's strategy to secure long-term partnerships across the critical raw materials value chain for Monte Muambe.
This comes in the context of the US Department of Defence ("US DoD") commitment to invest US$400 million through a landmark public-private agreement with MP Materials, a US rare earths mining company, to strengthen the US domestic rare earths supply chain and to reduce reliance on China.
> 14 October interview
CEO
"I expect to be able to report significant progress to our shareholders shortly "