Altona Rare Earths Raises Funds via Warrant Exercise to Advance African Projects

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

Altona Rare Earths, a London-listed explorer and developer of critical raw materials in Africa, is advancing its multi-commodity Monte Muambe project in Mozambique, which hosts rare earths, fluorspar, and gallium, alongside its Sesana Copper-Silver Project in Botswana. The company is targeting near-term monetisation of fluorspar and longer-term growth from rare earths and associated by-products to serve clean energy and high-technology markets.

The company has reported the exercise of 1,000,000 warrants by an existing shareholder at 2 pence per share, raising £20,000 to fund fluorspar and gallium resource estimates, a scoping study, and business development. The issue of these new shares increases Altona’s share capital to 430,066,112 ordinary shares, slightly diluting existing holders but modestly strengthening its balance sheet and supporting the advancement of its key African projects.

These newly issued shares will rank pari passu with existing stock and are being admitted under the company’s block listing facility, with admission scheduled for 13 April 2026. The updated share count will serve as the new reference point for investors assessing their holdings under UK disclosure and transparency rules, offering greater clarity around voting rights and ownership thresholds.

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 across Africa, including rare earths, fluorspar, gallium, copper, and silver. Its flagship Monte Muambe project in Mozambique hosts multi-commodity mineralisation, while the Sesana Copper-Silver Project in Botswana complements its diversified, clean-energy-focused portfolio.

At Monte Muambe, Altona has advanced a rare earths project with a maiden JORC resource estimate, a 25-year mining licence, and a USTDA grant to fund prefeasibility work. The company is also targeting 50,000 tonnes per year of acid-grade fluorspar and evaluating gallium recovery from tailings, positioning itself as a prospective supplier to high-tech, clean energy, defence, and industrial sectors.

Average Trading Volume: 17,182,729

Technical Sentiment Signal: Hold

Current Market Cap: £13.94M

For detailed information about REE stock, go to TipRanks’ Stock Analysis page.