Altona Rare Earths plc has issued an aggregate 4,817,996 new ordinary shares for directors’ salaries and to clear part of a debt. TVRs The Africa explorer issued 1,484,663 ordinary shares of £0.01 pence each, in lieu of cash salary payments, to its directors as part of cash conservation measures. A total of 3,333,333 new ordinary […]
Tag: Catalyse Capital Ltd
Altona agrees £250,000 loan for Monte Muambe PFS
Altona Rare Earths plc has agreed a £250,000 loan to advance the prefeasibilty study for Monte Muambe in northwest Mozambique. The two-tranche loan from Catalyse Capital Ltd, which has previously supported the company, will progress work focused on metallurgy. The repayment date is 20 December 2024 and the loan carries a fixed interest of 20% […]