Altona assays confirm high-grade fluorspar and strong gallium at Monte Muambe

Altona Energy ( (GB:REE) ) has issued an update.

Altona Rare Earths has received all outstanding assay results from its 2025 drilling campaign at the Monte Muambe project in Mozambique, confirming high-grade, near-surface fluorspar and stronger-than-expected gallium mineralisation. The fluorspar intercepts average 30% CaF₂, within typical commercial open-pit grades, including a record hole with 30 metres at 42.5% CaF₂ from surface, supporting the project’s open-pit mining potential.

Gallium assays show wide, consistent zones with a weighted average of 63 g/t Ga₂O₃, extending into host rock and suggesting potential recovery from both ore and waste streams. With assays now complete and only 40% of anomaly areas drilled, Altona is progressing work on a mineral resource estimate and dedicated gallium metallurgical testing, a combination that could enhance the project’s value proposition in critical minerals and justify further investment in gallium studies.

The most recent analyst rating on (GB:REE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Altona Energy stock, see the GB:REE Stock Forecast page.

Spark’s Take on REE Stock

According to Spark, TipRanks’ AI Analyst, REE is a Neutral.

The score is held back primarily by weak financial performance (no revenue, ongoing losses, sustained cash burn, and rising leverage). This is partly offset by strong technical momentum with the price well above major moving averages and a positive MACD. Valuation provides limited support due to negative earnings and no dividend data.

To see Spark’s full report on REE stock, click here.

More about Altona Energy

Altona Rare Earths Plc is a London Main Market‑listed exploration and development company focused on critical raw materials across Africa. Its multi-commodity Monte Muambe project in northwest Mozambique hosts rare earths, fluorspar and gallium, where the company is pursuing a strategy that balances near-term monetisation potential with longer-term growth.

Average Trading Volume: 16,056,717

Technical Sentiment Signal: Hold

Current Market Cap: £10.76M

See more data about REE stock on TipRanks’ Stock Analysis page.