Altona Rare Earths plc hopes to raise its profile for future funding and partnerships by joining the German Federation of International Mining and Resources (FAB). OPPORTUNITIES The Berlin-based organisation is “deeply” involved in policy making in the “mining and mineral transformation” sector, including funding of critical raw materials’ development. FAB represents its members’ interests in […]
Tag: Sesana – Northwest District – Botswana
Altona issues 2m shares as directors’ salary
Altona Rare Earths plc today issued a total 2,080,494 ordinary shares of £0.01 each in lieu of cash salary payments to its directors. TVRs The move is accordance with agreed measures to conserve cash on a month-by-month basis. Chief executive officer Cedric Simonet received 573,276 shares to hold 3,398,986 shares in total, representing 2.05% holding […]
Altona signs final agreement for Sesana
Altona Rare Earths plc has signed a final agreement for the Sesana copper project within prospecting licence PL2329/2023 in the Kalahari copper belt, Botswana. PERMITTING The deal allows the company to acquire up to 85% in the tenement currently owned by Ignate African Minerals (Pty) Ltd. Altona will make payments in three tranches over four […]
Altona continues investments as cash falls
Altona Rare Earths plc posted a fall in cash reserves as it continues to diversify its portfolio alongside investing in its flagship Monte Muambe project in Mozambique. VALUE Year results ended 30 June show a decrease from £1.1 million to £400,000 although offset by new loans totalling £900,000. Altona’s investments rose from £1.6m to £2.1m […]
Altona exercises Sesana option
Altona Rare Earths plc has exercised its option to acquire up to 85% in the Sesana copper-silver project within PL2329/2023 in Botswana’s Kalahari copper belt. COMPANY MOVES The company and vendor Ignate African Minerals (Pty) Ltd are expected to sign the final agreement shortly. Altona said that activities relating to Botswana environmental and administrative processes […]
Altona secures more time for Sesana option
Altona Rare Earths plc has agreed a further extension to the Sesana copper option in Northwest District, Botswana. The binding agreement for the PL2329/2023 is valid for copper, cobalt, gold, silver, lead, zinc, aluminium, chromium, iron, titanium and platinum group metals. The company has extended the exclusivity period with Ignate African Minerals Ltd until 15 August […]