Altona Rare Earths plc has issued an additional 4.8 million new ordinary shares of one pence each to an existing shareholder, who transferred their warrants as part of two August fundraises. TVRs The company will therefore issue in aggregate 9,600,000 new ordinary shares to the shareholder. Following admission, Altona’s enlarged share capital and total voting […]
Tag: Sesana – Northwest District – Botswana
Altona raises £344,500
Altona Rare Earths plc has raised £344,500 via a subscription for 9,630,000 new ordinary shares of one pence each, at 3.6p per subscription share, and the transfer and exercise of warrants. TVRs The warrants were over 40.5 million ordinary shares, at an exercise price of one pence each. Existing shareholders participated in the fundraise, which […]
Altona to use £507,450 at Monte Muambe-Sesana
Altona Rare Earths plc has raised £407,450 through a subscription for 6,913,333 new ordinary shares of one pence each at 2.965p per subscription share, and the transfer and exercise of warrants. DIRECTORS Each new subscription share carries one warrant to subscribe for one new ordinary share at two pence for a period of 12 months […]
Altona joins FAB
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 […]
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 […]