Altona Rare Earths Unveils High-Grade Gallium Discovery at Monte Muambe

Altona Energy ( (GB:REE) ) just unveiled an announcement.

Altona Rare Earths PLC announced the discovery of high-grade, near-surface gallium mineralisation at its Monte Muambe project in Mozambique, with grades reaching up to 550 g/t Ga. This discovery, which shows a 137% increase over initial findings, suggests potential for scalable economic extraction, as gallium is found in two distinct geological settings. The company has completed an in-fill soil sampling campaign, significantly improving targeting precision for future exploration. This development broadens the project’s commercial potential, supporting the case for advancing gallium recovery as either a primary product or a high-value co-product alongside rare earths.

More about Altona Energy

Altona Rare Earths PLC is a resource exploration and development company focused on critical raw materials in Africa. Listed on the London Stock Exchange, the company holds projects in copper, fluorspar, and rare earths, with a significant focus on the Monte Muambe project in Mozambique. This project, acquired in 2021, is at the prefeasibility study stage and includes exploration of rare earths, gallium, and fluorspar.

Average Trading Volume: 726,698

Technical Sentiment Signal: Hold

Current Market Cap: £3.42M

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