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Altona Energy ( (GB:REE) ) has issued an update.
Altona Rare Earths Plc has announced a strategic engagement with the US government for potential funding support for its Monte Muambe rare earths project in Mozambique. This development follows a policy shift by the US, aiming to strengthen its domestic rare earths supply chain. The company has also commenced mobilization for a fluorspar drilling campaign at Monte Muambe, with plans to advance gallium assessment activities in parallel, which could lead to significant cost savings and accelerated progress.
More about Altona Energy
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on critical raw materials in Africa. The company is engaged in projects such as the Monte Muambe Project in Mozambique, which hosts rare earths, fluorspar, and gallium mineralization. Altona aims to unlock the value of these materials, which are essential for various applications including clean energy and high technology.
Average Trading Volume: 669,323
Technical Sentiment Signal: Sell
Current Market Cap: £2.75M
For detailed information about REE stock, go to TipRanks’ Stock Analysis page.