Altona Rare Earths Expands Share Capital as It Advances African Critical Minerals Portfolio

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

Altona Rare Earths, a London Main Market-listed exploration and development company, focuses on critical raw materials projects across Africa, anchored by its multi-commodity Monte Muambe project in Mozambique and the Sesana copper-silver asset in Botswana. The group targets exposure to rare earths, fluorspar, gallium and base metals that underpin clean energy, high technology, defence and industrial applications.

The company has admitted an additional 102,383,810 ordinary shares to trading on the London Stock Exchange’s Main Market, bringing its total issued share capital to 429,066,112 ordinary shares, all carrying voting rights and with none held in treasury. This enlarged capital base, reported under new U.K. disclosure rules, clarifies the voting rights denominator for investors and underscores Altona’s ongoing funding and growth trajectory as it advances Monte Muambe through prefeasibility and seeks to monetise fluorspar and potential gallium by-products.

Altona’s progress at Monte Muambe includes over 7,800 metres of drilling, a maiden JORC mineral resource of 13.6Mt at 2.42% TREO, a 25-year mining licence and a Competent Person Report and scoping study on the rare earths component. Alongside the USTDA grant and plans to produce 50,000 tonnes per annum of acid-grade fluorspar over at least 12 years, these steps reinforce its emerging role in critical mineral supply chains.

The identification of gallium mineralisation, which the company expects to concentrate in fluorspar tailings, offers additional optionality as it assesses recovery as a by-product. Together with its copper-silver exploration in Botswana and stated intent to acquire further aligned projects, Altona is sharpening its industry positioning as a diversified African-focused supplier of critical materials to global markets.

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 is a London Main Market-listed exploration and development company focused on critical raw materials projects across Africa. Its flagship Monte Muambe project in Mozambique hosts rare earths, fluorspar and gallium, while its portfolio also includes the Sesana copper-silver exploration asset in Botswana, positioning the group in key clean energy and high-tech supply chains.

The company has advanced Monte Muambe with drilling, a maiden JORC resource, a 25-year mining licence and scoping work, supported by a USTDA grant to progress prefeasibility studies. It is also planning to fast-track fluorspar production and evaluate gallium recovery from tailings, reflecting a strategy of combining near-term monetisation with long-term growth in critical minerals.

Average Trading Volume: 16,746,271

Technical Sentiment Signal: Hold

Current Market Cap: £12.66M

For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.