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Altona Energy ( (GB:REE) ) has shared an update.
Altona Rare Earths PLC has announced an update on its Monte Muambe project in Mozambique, highlighting the inclusion of gallium in its JORC Mineral Resource Estimate for fluorspar. The company has confirmed that the flotation process used in fluorspar recovery can also separate gallium, providing a potential two-step pathway to recover both minerals. This development is expected to enhance the value of the Monte Muambe project and support Altona’s strategic positioning in the market for critical raw materials. The drilling program, which has commenced, aims to further define the resource and is expected to conclude by the end of 2025, potentially leading to the discovery of additional fluorspar resources.
More about Altona Energy
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on unlocking the value of critical raw materials across Africa. The company targets assets with potential for near-term monetisation alongside long-term growth, with a diversified portfolio that includes the Monte Muambe Project in Mozambique, which hosts rare earths, fluorspar, and gallium mineralisation. Altona also holds the Sesana Copper-Silver Project in Botswana, aligning with its strategy to contribute to the global supply of critical materials essential for clean energy, high technology, defence, and industrial applications.
Average Trading Volume: 3,569,832
Technical Sentiment Signal: Hold
Current Market Cap: £4.06M
See more data about REE stock on TipRanks’ Stock Analysis page.