Altona Rare Earths plc non-executive chairman Simon Charles will step down after two years in the post, with effect from 31 October 2025. Chief executive officer Cédric Simonet said: “On behalf of the board and the executive team, I want to extend our deepest thanks to Simon for his dedicated service to Altona, during which […]
Tag: Altona Rare Earths plc
Altona issues 40m shares to settle debt
Altona Rare Earths plc has issued 40 million ordinary shares of one pence each, following an exercise of 40m warrants, at a price of 1.5 pence per share, for a gross £600,000. TVRs Net proceeds will repay the company’s outstanding full single debt with Tracarta Ltd. Altona said that immediately before the warrants exercise, the […]
Altona issues total 9.6m new shares
Altona Rare Earths plc has issued an additional 4.8 million new ordinary shares of one pence each to an existing shareholder, who transferred their warrants as part of two August fundraises. TVRs The company will therefore issue in aggregate 9,600,000 new ordinary shares to the shareholder. Following admission, Altona’s enlarged share capital and total voting […]
Altona raises £344,500
Altona Rare Earths plc has raised £344,500 via a subscription for 9,630,000 new ordinary shares of one pence each, at 3.6p per subscription share, and the transfer and exercise of warrants. TVRs The warrants were over 40.5 million ordinary shares, at an exercise price of one pence each. Existing shareholders participated in the fundraise, which […]
Altona submits Monte Muambe plan for US funds
Altona Rare Earths plc has submitted a project proposal for United States’ funding for its Monte Muambe rare earths-fluorspar-gallium project in Tete Province, northwest Mozambique. DRILLING The company sent a formal proposal to the US Trade and Development Agency after the US Government had “re-engaged” on possible financing for a rare earths prefeasibility study. Altona […]
Altona to use £507,450 at Monte Muambe-Sesana
Altona Rare Earths plc has raised £407,450 through a subscription for 6,913,333 new ordinary shares of one pence each at 2.965p per subscription share, and the transfer and exercise of warrants. DIRECTORS Each new subscription share carries one warrant to subscribe for one new ordinary share at two pence for a period of 12 months […]