Altona Rare Earths Plc (LSE:REE) has strengthened its financial footing by securing £600,000 through the exercise of existing warrants. The proceeds will be used to repay outstanding debt, following on from a previous successful fundraising round. In addition, the company has extended its £500,000 debt facility with Catalyse Capital Limited, further reinforcing its liquidity position and providing added flexibility to support project development.
Altona has also appointed Zeus Capital Limited as its corporate broker — a strategic move aimed at increasing its visibility in the capital markets. Together, these financial initiatives are expected to enhance operational capacity and support long-term value creation for shareholders as the company advances its portfolio of critical mineral projects across Africa.
About Altona Rare Earths
Altona Rare Earths Plc is a London Main Market-listed exploration and development company dedicated to unlocking the potential of critical raw materials in Africa. Its flagship Monte Muambe Project in Mozambique contains rare earth elements, fluorspar, and gallium mineralisation. The company is progressing the rare earths initiative in collaboration with the US Government as a potential strategic partner, while also accelerating development of its fluorspar assets. In addition, Altona is advancing exploration at the Sesana Copper-Silver Project in Botswana as part of its broader growth and diversification strategy.
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