Metals & Minerals News

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 […]

Finance Metals & Minerals News

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 […]

Finance Metals & Minerals News

Altona issues total 4.8m new shares

Altona Rare Earths plc has issued an aggregate 4,817,996 new ordinary shares for directors’ salaries and to clear part of a debt. TVRs The Africa explorer issued 1,484,663 ordinary shares of £0.01 pence each, in lieu of cash salary payments, to its directors as part of cash conservation measures. A total of 3,333,333 new ordinary […]

Company Moves Metals & Minerals News

Altona chairman steps down

Altona Rare Earths plc non-executive chairman Simon Charles will step down after two years in the post, with effect from 31 October 2025. Chief executive officer Cédric Simonet said: “On behalf of the board and the executive team, I want to extend our deepest thanks to Simon for his dedicated service to Altona, during which […]

Finance Metals & Minerals News

Altona issues 40m shares to settle debt

Altona Rare Earths plc has issued 40 million ordinary shares of one pence each, following an exercise of 40m warrants, at a price of 1.5 pence per share, for a gross £600,000. TVRs Net proceeds will repay the company’s outstanding full single debt with Tracarta Ltd. Altona said that immediately before the warrants exercise, the […]