NeoTerra plc has produced premium acid-grade fluorspar while separating heavy rare earths and gallium-bearing materials in a “metallurgical breakthrough” for its Monte Muambe project in Mozambique. STAGES The metallurgical testwork, at Cardiff-based Maelgwyn Mineral Services’ laboratory, has so far involved 14 scout flotation tests on blended fluorspar ore samples. NeoTerra, formerly Altona Rare Earths*, said […]
Tag: heavy rare earths (HREE)
Altona secures £2m growth facility
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 […]