Altona Rare Earths Raises Funds via Warrant Exercises to Advance Monte Muambe Studies

The latest update is out from Altona Energy ( (GB:REE) ).

Altona Rare Earths, a London Main Market-listed explorer and developer of critical raw materials in Africa, is advancing a diversified portfolio spanning rare earths, fluorspar, gallium, copper, and silver. Its Monte Muambe project in Mozambique, which already holds a 25-year mining licence and a defined rare earths resource, underpins the strategy, alongside the Sesana Copper-Silver Project in Botswana.

The company has received exercises of 11,666,666 warrants, raising £208,333 to fund a fluorspar and gallium resource estimate and scoping study at Monte Muambe. The new shares, expected to be admitted to trading on the London Stock Exchange around 19 February 2026, increase Altona’s enlarged share capital and total voting rights to 370,348,968, modestly diluting existing holders while supporting the next phase of project definition.

The warrant exercises indicate continued shareholder support and provide incremental funding without a separate placing, allowing Altona to progress its plans to fast-track high-grade fluorspar development and evaluate gallium recovery as a by-product. This funding step helps the company refine its multi-commodity resource base, potentially enhancing the economic profile of Monte Muambe and reinforcing its positioning in the critical materials supply chain.

The most recent analyst rating on (GB:REE) stock is a Hold with a £2.50 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 fundamentals: no revenue, sustained losses, continued cash burn, and rising leverage with shrinking equity. Technicals are a meaningful offset, showing a strong uptrend with positive momentum, while valuation remains constrained by negative earnings 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 projects across Africa, including rare earths, fluorspar, gallium, copper, and silver. Its flagship Monte Muambe project in Mozambique hosts rare earths, fluorspar, and gallium, while the Sesana Copper-Silver Project in Botswana provides additional exposure to base and precious metals.

The company is pursuing a diversified strategy that combines assets with near-term monetisation potential, such as high-grade fluorspar with targeted annual production of 50,000 tonnes, and longer-term growth in rare earths and by-product gallium recovery. By advancing projects that support clean energy, high technology, defence, and industrial supply chains, Altona aims to strengthen its role in the global provision of critical raw materials.

Altona Rare Earths has already secured a 25-year mining licence for Monte Muambe and published key technical studies, including a JORC resource estimate and scoping study for the rare earths component. It is also engaging with the U.S. Government’s USTDA as a potential strategic partner to move the rare earths project through the prefeasibility stage, while continuing to screen new opportunities aligned with its investment profile.

Average Trading Volume: 8,771,519

Technical Sentiment Signal: Hold

Current Market Cap: £8.25M

See more insights into REE stock on TipRanks’ Stock Analysis page.