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Altona Energy ( (GB:REE) ) just unveiled an announcement.
Altona Rare Earths has received notices from existing shareholders to exercise 1,000,000 warrants at 2 pence each, leading to the issue of 1,000,000 new ordinary shares and raising £20,000 to fund fluorspar and gallium resource estimates and a scoping study. The new shares are expected to be admitted to trading on the London Stock Exchange’s Main Market around 16 March 2026, increasing the company’s total voting rights to 384,240,635 ordinary shares.
The warrant exercise provides incremental funding for Altona’s efforts to further define and advance its fluorspar and gallium assets at the Monte Muambe project, supporting its broader strategy to unlock value from critical raw materials in Africa. The enlarged share capital also updates the reference point for investors’ disclosure obligations under UK transparency rules, clarifying ownership thresholds and voting power across the shareholder base.
The most recent analyst rating on (GB:REE) stock is a Hold with a £3.50 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 GB:REE Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB: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 with a JORC resource, a 25-year mining licence and a scoping study for the rare earths component.
The company is advancing plans to fast-track high-grade fluorspar production targeting 50,000 tonnes per year over at least 12 years, while evaluating gallium recovery from fluorspar tailings. Altona also holds the Sesana Copper-Silver Project in Botswana, positioning it to supply materials essential for clean energy, high-tech, defence and industrial applications.
Average Trading Volume: 15,100,300
Technical Sentiment Signal: Hold
Current Market Cap: £12.46M
For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.