Altona Rare Earths plc has secured a growth capital facility with Zeus Capital Ltd, to raise up to gross £2 million, to progress its Monte Muambe project in northwest Mozambique. TVRs The funds will add to Altona’s cash balance of £1m, as at 30 April, and also protect shareholders from “unnecessary dilution”. Altona will draw […]
Tag: gallium
Altona fluorspar-gallium MREs ‘revalue’ Monte Muambe
Altona Rare Earths plc has published a “transformative” JORC-compliant mineral resource estimates for fluorspar and gallium at its Monte Muambe project in Tete Province, northwest Mozamabique. TONNAGE Results showed 3.48 million tons at 20.6% calcium fluoride (CaF2) for 716,000 tons of calcium fluoride contained. The initial base case life of mine is 9.5 years at […]
Panther positive on further Winston pond assays
Panther Metals plc posted further positive sample results from the frozen tailings pond at the Winston Lake polymetal mine recovery project near Schreiber in Ontario, Canada. CONTINUITY In February 2026 Bayside Geoscience Ltd used a platinum vibracore sampler, mounted on a purpose-built ice barge stationed on the frozen tailings pond, to extract a cylinder of […]
Altona issues 5m new shares
Altona Rare Earths plc has issued a total of 4,933,334 new ordinary shares via a warrants exercise and to a service provider to settle fees. TVRs The company issued 1,533,334 new ordinary shares of £0.01 each to a service provider, following an exercise of warrants at two pence each, for £30,667. The proceeds will fund […]
Altona issues 10.6m new shares
Altona Rare Earths plc has issued 10,666,667 new ordinary shares following notices to exercise warrants over ordinary shares of £0.01 each in the company. TVRs A total of 10 million warrants each had an exercise price of 1.5 pence per ordinary share, while 666,667 warrants had an exercise of two pence per ordinary share, for […]
Altona issues 1m new shares
Altona Rare Earths plc has issued one million new ordinary shares of £0.01 each following an exercise of warrants, at a price of two pence per ordinary share, for £20,000. TVRs Following admission, Altona’s enlarged issued share capital will comprise 430,066,112 ordinary shares, each with voting rights The company has no shares held in treasury. […]