Altona Rare Earths plc has issued 4,333,333 new ordinary shares of £0.01 each, following warrants exercises, at two pence per ordinary share, for £86,666. TVRs At the November 2025 general meeting, shareholders granted authorities to the company’s directors to issue the two-pence warrants. Following admission, Altona’s enlarged share capital and total voting rights will number […]
Tag: fluorspar
Altona issues 11.6m new shares
Altona Rare Earths plc will issue 11,666,666 new ordinary shares of £0.01 each, following warrant exercises over five million shares, each at 1.5 pence, and 6,666,666 ordinary shares, each at two pence, for an aggregate £208,333. TVRs Following admission of the 11,666,666 new shares, the company’s enlarged share capital and total voting rights will number 370,348,968. […]
Altona positive on drill results at Monte Muambe
Altona Rare Earths plc said it had received “excellent” initial assay results from its 2025 drilling campaign at Monte Muambe in Tete Province, northwest Mozambique. OPEN PIT Individual grades were of up to 82.76% calcium fluoride and up to 409 grams per ton gallium oxide. The weighted average grade of significant intercepts was 31% calcium fluoride, […]
Altona issues 32m new shares
Altona Rare Earths plc has issued, in aggregate, 32 million shares following notices to exercise warrants for £450,000, and to convert interest on an outstanding debt. TVRs The company received six exercise notices of 30m warrants over shares, at a price of 1.5 pence per ordinary share. A remaining lender elected to convert interest of […]
Altona: US intends to support Monte Muambe
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 […]
Altona completes 3,400m drilling at Monte Muambe
Altona Rare Earths plc has encountered visible fluorspar mineralisation in “most holes” from completed drilling at its Monte Muambe rare earth elements-gallium project in northwest Mozambique. FINANCING The expanded campaign comprised 15 holes for 691m of diamond drilling and 59 holes for 2,728m reverse circulation drilling, for a total 74 holes for 3,419m. The original […]