Altona Rare Earths plc plans to include gallium in its fluorspar JORC mineral resource estimate at Monte Muambe in Tete Province, northwest Mozambique. DRILLING The decision follows metallurgy work on a sample of gallium-bearing fluorspar ore, which confirmed that the “flotation process would lead to a separation of fluorspar (in the concentrate) and gallium (in […]
Tag: fluorspar
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 […]
Altona’s results bolster case for fluorspar mine
Altona Rare Earths plc said “very encouraging” assays from Monte Muambe “significantly” strengthened the case for a 50,000 tonnes per annum acid-grade fluorspar mine at the Mozambiqe project. GLOBAL The company confirmed grades ranging from 69.72 to 93.31% calcium fluoride from assays of grab samples. The results also validated gallium soil geochemistry as an effective exploration […]