Altona Rare Earths pl has secured a US$1,875,000 (£1.4m) grant from the American Government to go towards a rare earths prefeasibility study at Monte Mumabe, in northwest Mozambique. PARTNERSHIP The company today signed the agreement with the United States Trade and Development Agency (USTDA) at the US Embassy in Maputo. The grant will fund the […]
Tag: prefeasibility study
Strategic raises £4m for Redmoor
Strategic Minerals plc has raised gross £4 million through the issue of an aggregate 307,692,308 new ordinary shares in the company of 0.1 pence each, at a price of 1.3p per new ordinary share. TVRs The fundraise comprised a placing and a subscription for 123,076,922 and 184,615,386, respectively. Strategic said that demand had exceeded expectations, […]
Altona positive on fluorspar tests and discoveries
Altona Rare Earths plc returned “very encouraging” fluorspar metallurgical test results along with new fluorspar discoveries at its Monte Muambe rare earths project in Tete Province, northwest Mozambique. OUTCROPS Initial flotation tests of ore samples showed a concentrate at 93.62% calcium fluoride, with impurities reduced to “acceptable or near-acceptable levels” for hydrofluoric acid production. “These […]
Altona to expand and diversify Africa assets
Altona Rare Earths plc is assessing potential new metals opportunities with low-cost entry in Africa to balance its main Monte Muambe project in Mozambique. TRANSFORMATIVE The company said that following a review of its corporate strategy the time was right to add further rare earths interests as well as other raw materials such as copper, […]