RE: No cash28 Oct 2025 08:06
Well I saw this and was put off...
Read Rns
13 October 2025
Tell me what is wrong with my post.
I've analysed the cash situation, looks dire.....
ALTONA RARE EARTHS PLC
("Altona" or "the Company")
Fundraise to Repay Debt, Debt Extension and Appointment of Corporate Broker
Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to announce that it has raised a further gross amount of £600,000 through the exercise of existing warrants (the "Fundraise"). The net proceeds of the Fundraise will be used to repay outstanding debt of £600,000.
This Fundraise follows the successful £851,950 raise completed in August 2025, the net proceeds of which are principally being used to advance the fluorspar scoping study at Monte Muambe. Drilling at Monte Muambe has already commenced, and an operational update is anticipated to be released in the coming weeks.
The net proceeds raised via the Fundraise will be used to repay, in full, a single debt facility with Tracarta Limited. In addition, the Company is pleased to announce an extension to the remaining debt provider Catalyse Capital Limited ("CCL") facility of £500,000 until 30 October 2026.
Details of the Fundraise