Altona Rare Earths Plc (LSE:REE) has secured a strategic dialogue with the U.S. government regarding potential funding support for its Monte Muambe rare earths development in Mozambique. The initiative reflects Washington’s broader policy to strengthen and diversify its rare earths supply chain, reducing reliance on overseas sources.
In parallel, Altona has begun mobilization for a fluorspar drilling program at Monte Muambe, while also preparing to advance its evaluation of gallium resources. Running these activities side by side could deliver meaningful cost efficiencies and help accelerate the project’s overall timeline.
About Altona Rare Earths Plc
Altona Rare Earths Plc is a London Main Market-listed company focused on exploration and development of critical raw materials across Africa. Its flagship Monte Muambe Project in Mozambique contains rare earth elements, fluorspar, and gallium mineralization. With demand for these resources rising in clean energy and advanced technology applications, Altona aims to position itself as a key supplier of materials vital to the global energy transition.
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