Altona Rare Earths Plc (LSE:REE) has secured an extra £344,500 from existing shareholders, bringing the total funds raised to £851,950. The capital injection, achieved through the issuance of new ordinary shares and the exercise of warrants, strengthens the company’s financial capacity to advance its African projects in rare earths, fluorspar, and gallium. The newly issued shares are set to begin trading on the London Stock Exchange, enhancing Altona’s operational flexibility and market visibility.
About Altona Rare Earths
Altona Rare Earths Plc, listed on the London Main Market, focuses on the exploration and development of critical raw materials across Africa. The company targets assets with potential for near-term monetisation and sustainable long-term growth. Key projects include the Monte Muambe Project in Mozambique, rich in rare earths, fluorspar, and gallium, and the Sesana Copper-Silver Project in Botswana. Altona’s strategy aims to supply essential materials for clean energy, high-tech, defence, and industrial applications.
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