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The latest announcement is out from Altona Energy ( (GB:REE) ).
Altona Rare Earths Plc has completed an expanded drilling program at its Monte Muambe project in Mozambique, significantly increasing the drilled meterage by 70% due to positive results and new target discoveries. The company is progressing with USTDA engagements for rare earths prefeasibility study funding and plans to acquire new mineral assets in 2026, enhancing its strategic positioning in the critical raw materials market.
More about Altona Energy
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on critical raw materials in Africa. The company is pursuing a diversified strategy, targeting assets with potential for near-term monetization and long-term growth. Their Monte Muambe Project in Mozambique hosts rare earths, fluorspar, and gallium mineralization, with plans to fast-track fluorspar production and explore gallium recovery. Altona also holds the Sesana Copper-Silver Project in Botswana, aligning with their growth strategy.
Average Trading Volume: 7,590,055
Technical Sentiment Signal: Sell
Current Market Cap: £4.12M
For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.