Altona Rare Earths plc has raised £250,000 through a subscription of 25 million new ordinary shares of £0.01 each in the capital of the company.
TVRs
The company will issue the new ordinary shares at a price of £0.01 per share, representing a discount of 23% to the closing mid-price of £0.013 per share on 19 December 2025.
Following admission, Altona’s enlarged issued share capital and total voting rights will comprise 321,864,306 ordinary shares.
The company has no shares held in treasury.
Net proceeds will meet the costs for the recent expanded drill programme at the Monte Muambe rare earth elements-fluorspar-gallium project in Tete Province, northwest Mozambique.