Altona Rare Earths Raises Funds via Warrant Exercises and Interest Conversion

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

Altona Rare Earths has raised £450,000 through the exercise of 30 million warrants at 1.5 pence per share and converted £20,000 of interest on its remaining debt into 2 million new shares at 1 penny, reinforcing its balance sheet. The fresh capital will fund fluorspar and gallium resource estimates and a scoping study at its Monte Muambe project, while the share issuance lifts total voting rights to 358,682,302, modestly diluting existing shareholders but supporting the company’s push to advance its African critical minerals portfolio.

Application has been made for the 32 million new shares to be admitted to trading on the Main Market of the London Stock Exchange, with admission expected around 13 February 2026. Management framed the moves as evidence of growing market recognition of Altona’s strategy, signalling shareholder and lender confidence in the company’s efforts to monetise its critical raw materials assets and strengthen its position in the global supply chain for clean energy and high-tech inputs.

The most recent analyst rating on (GB:REE) stock is a Hold with a £1.50 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 down primarily by weak financial performance (pre-revenue, ongoing losses, sustained cash burn, and higher leverage). Technicals are a partial offset with strong momentum and price strength versus moving averages, while valuation remains unattractive due to continued losses and no dividend support.

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 and copper-silver. Its flagship Monte Muambe project in Mozambique hosts multi-commodity mineralisation with a 25-year mining licence, while the company also advances the Sesana Copper-Silver Project in Botswana as part of a diversified growth strategy.

Average Trading Volume: 6,591,118

Technical Sentiment Signal: Sell

Current Market Cap: £4.25M

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