Finance Metals & Minerals News

Altona lists on OTCQB

Altona Rare Earths plc shares were due to begin trading today on the OTCQB Venture Market in the United States.

Africa: exploring for rare earths, fluorspar, gallium, copper and silver (Pixabay)

MUAMBE

The company also continues to trade on the main market of the London Stock Exchange.

Altona, which recently received US$1,875,000 (£1.4m) grant from the American Government, said its strategy was “to position itself at the heart of the United States critical minerals supply chain initiative.”

The company owns the Monte Muambe rare earth elements-fluorspar-gallium project in Mozambique, and the Sesana copper-silver project in Boswana.

Altona added it was investigating the possibility of branching into processing, separation and magnet manufacturing.