Altona Rare Earths plc said it had received confirmation that the United States intended to support the Monte Muambe project in Tete Province, northwest Mozambique.
STRATEGIC
The company submitted a proposal in August last year for funding for its rare earths-fluorspar-gallium project from the United States Trade and Development Agency (USTDA).
Altona today added that USTDA’s deputy director and chief operating officer, Thomas Hardy ,made the confirmation on 8 February 2026, during his address at a meeting in Cape Town, on US support for critical mining projects in Sub-Saharan Africa.
The company said its chief executive officer Cedric Simonet and chairman Harvey Sinclair attended the meeting.
“This commitment of support from USTDA is a powerful external validation of the Monte Muambe project’s strategic quality and economic potentia,” added Mr Simonet.
“It highlights the strong, high-level interest from a leading US government institution in developing a secure, alternative source of rare earths.
“This partnership is a clear endorsement of our progress in Mozambique, reinforces our shared objective to advance a project of growing strategic relevance, and highlights the role Monte Muambe can play in building more resilient global supply chains for both rare earths and fluorspar.”
Altona is currently awaiting assay results from its recent fluorspar and gallium drilling campaign, ahead of a mineral resource estimate.
