Altona Rare Earths plc hopes to raise its profile for future funding and partnerships by joining the German Federation of International Mining and Resources (FAB).
OPPORTUNITIES
The Berlin-based organisation is “deeply” involved in policy making in the “mining and mineral transformation” sector, including funding of critical raw materials’ development.
FAB represents its members’ interests in “numerous national and international political and economic bodies” including the Federation of German Industries (BDI), Brussels-based Euromines and the umbrella organisation Association of Raw Materials and Mining (VRB).
Altona owns the Monte Muambe rare earths-fluorspar-gallium project in Mozambique and the Sesana copper-silver project in Botswana.
The company said its FAB membership would strengthen its European network, unlock opportunities for collaboration, and enhance its visibility on the Frankfurt and Stuttgart Stock Exchanges.
“We are very pleased to join the FAB at a pivotal time in our growth, as we broaden our engagement with European industry stakeholders, potential offtake partners, and the wider investment community,” added chief executive Cedric Simonet.
“Altona’s diversified portfolio of critical raw material assets and clear development roadmap position us to contribute meaningfully to Europe’s efforts to enhance resource independence – particularly in securing strategic materials vital for defence, high-tech manufacturing, and the green energy transition.”