Altona Rare Earths cuts costs and secures U.S. support as Monte Muambe progresses

Altona Rare Earths (LSE:REE) reported improved interim financial results for the six months to 31 December 2025, highlighting lower administrative expenses, reduced losses and a strengthened balance sheet. The company bolstered its financial position through warrant exercises, repayment of debt and the extension of an existing loan facility. Non-current assets increased as investment continued at the Monte Muambe project, while cash of approximately £1.1 million remained available at period end to fund near-term activities.

Operational progress centred on advancing land access and technical work at the Monte Muambe rare earths project in northwest Mozambique. The company also completed a 3,419-metre drilling campaign targeting fluorspar and gallium mineralisation, with a JORC-compliant resource estimate expected in April 2026.

Following the reporting period, Altona secured a non-dilutive grant of US$1.875 million from the U.S. Trade and Development Agency (USTDA) to support prefeasibility studies. The company also reported high-grade fluorspar assay results, completed a cross-listing on the OTCQB market to expand its reach to North American investors, refreshed its board and outlined a 2026 strategy focused on de-risking Monte Muambe, advancing gallium extraction opportunities and broadening its project portfolio.

The company’s outlook remains constrained by weak financial metrics, including the absence of revenue, ongoing losses, continued cash burn and rising leverage. However, technical indicators provide some positive signals, with the share price trading well above key moving averages and supported by a positive MACD trend. Valuation metrics offer limited guidance due to negative earnings and the lack of dividend information.

More about Altona Rare Earths

Altona Rare Earths is a London-listed explorer and developer of critical raw materials with a focus on Africa. Its flagship asset is the Monte Muambe project in northwest Mozambique, targeting rare earth elements alongside fluorspar and gallium. The company aims to build a diversified portfolio of projects that combines near-term monetisation opportunities with longer-term development assets.