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Altona Energy ( (GB:REE) ) has issued an announcement.
Altona Rare Earths Plc has announced significant progress in its Monte Muambe project in Mozambique, with the discovery of three new fluorspar targets and notable gallium mineralisation at the Python target. The company is expanding its drilling program to further explore these findings, which could enhance its resource base and strengthen its position in the critical raw materials market. The operational update underscores Altona’s strategic focus on developing high-grade fluorspar veins and assessing the potential recovery of gallium as a by-product, aligning with its growth strategy and market demand for essential commodities.
More about Altona Energy
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on unlocking the value of critical raw materials across Africa. The company targets assets with potential for near-term monetisation and long-term growth, with a diversified portfolio that includes the Monte Muambe Project in Mozambique, which hosts rare earths, fluorspar, and gallium mineralisation. Altona is also involved in the Sesana Copper-Silver Project in Botswana.
Average Trading Volume: 8,426,289
Technical Sentiment Signal: Buy
Current Market Cap: £6.86M
Find detailed analytics on REE stock on TipRanks’ Stock Analysis page.