Altona Rare Earths launches USTDA-backed RFP for Monte Muambe study

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

Altona Rare Earths has published a USTDA-funded Request for Proposals seeking U.S. firms to undertake metallurgy and process engineering work for a pre-feasibility study at its Monte Muambe rare earths project in Mozambique. The RFP covers drilling for metallurgical samples, extensive processing test work, environmental and commercial studies, engagement with U.S. off-take partners and an updated financial model.

The move activates a key workstream under a US$1.875 million USTDA grant, marking a pivotal step in de-risking Monte Muambe’s technical and economic parameters and advancing it toward development. By deepening links with the U.S. rare earths value chain and running in parallel with Altona’s broader U.S.-focused partnership strategy, the programme could enhance project valuation and reinforce the company’s positioning as a future supplier of critical minerals.

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-listed exploration and development company focused on critical raw materials projects across Africa. Its flagship Monte Muambe project in northwest Mozambique hosts rare earths, fluorspar and gallium, alongside the Sesana copper-silver project in Botswana, positioning the group to supply key inputs for clean energy, high-tech, defence and industrial applications.

At Monte Muambe, Altona has already defined a JORC-compliant rare earths resource, secured a 25-year mining licence and completed early-stage technical studies. The company is also advancing plans to produce acid-grade fluorspar and evaluate gallium by-product recovery, pursuing a strategy that blends near-term monetisation with longer-term growth across a diversified portfolio.

Average Trading Volume: 16,645,813

Technical Sentiment Signal: Hold

Current Market Cap: £12.19M

For an in-depth examination of REE stock, go to TipRanks’ Overview page.