Altona Rare Earths Unveils Promising Fluorspar Findings at Monte Muambe

An update from Altona Energy ( (GB:REE) ) is now available.

Altona Rare Earths Plc announced promising initial results from metallurgical testing at its Monte Muambe project, indicating potential for producing high-grade acid-spar fluorspar, a valuable material used in hydrofluoric acid production. The discovery of new high-grade fluorspar outcrops and the revision of the project scope to accommodate a larger production capacity suggest a significant boost to the company’s resource estimates and operational potential. These developments position Altona to capitalize on increasing demand for fluorspar, driven by its critical role in the chemical industry and energy-storage batteries.

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. Altona is actively working on diversifying its portfolio through strategic acquisitions in Africa.

Average Trading Volume: 630,562

Technical Sentiment Signal: Strong Sell

Current Market Cap: £2.33M

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