NeoTerra Group plc has applied for a US$5 million grant to assess expansion of its Monte Muambe fluorspar project in Tete Province, northwest Mozambique.
Tag: Monte Muambe – Tete Province – northwest Mozambique
NeoTerra testwork ‘milestone’ boosts Muambe potential
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 […]
Altona chairman increases shareholding
Altona Rare Earths plc non-executive chairman Harvey Sinclair has bought 154,995 ordinary shares of £0.01, at £0.032 per share. HOLDING The £4,959.84 purchase on 8 May results in Mr Sinclair’s beneficial holding increasing to 2,100,757 shares, representing 0.47% of the company’s issued share capital. Altona owns the Monte Muambe rare earth elements-fluorspar-gallium project in Mozambique and […]
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 […]
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 […]
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 […]