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Altona Energy
(LSE:REE)
Altona Energy (REE) vs. iShares MSCI United Kingdom ETF (EWC)
Altona Energy Business Overview & Revenue Model
Altona Energy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -37.00K | -37.00K | -40.00K | -24.00K | -5.00K | 0.00 |
| EBITDA | -809.00K | -809.00K | -1.46M | -1.21M | -796.00K | -729.00K |
| Net Income | -916.00K | -916.00K | -1.62M | -1.22M | -774.00K | -733.00K |
Balance Sheet | ||||||
| Total Assets | 1.95M | 1.95M | 2.29M | 2.73M | 1.44M | 457.00K |
| Cash, Cash Equivalents and Short-Term Investments | 109.00K | 109.00K | 392.00K | 1.13M | 283.00K | 436.00K |
| Total Debt | 1.23M | 1.23M | 684.00K | 256.00K | 0.00 | 56.00K |
| Total Liabilities | 1.51M | 1.51M | 1.27M | 849.00K | 391.00K | 321.00K |
| Stockholders Equity | 552.00K | 552.00K | 1.12M | 1.98M | 1.07M | 136.00K |
Cash Flow | ||||||
| Free Cash Flow | -981.00K | -981.00K | -1.25M | -1.11M | -1.63M | -528.00K |
| Operating Cash Flow | -981.00K | -981.00K | -987.00K | -648.00K | -832.00K | -528.00K |
| Investing Cash Flow | -164.00K | -164.00K | -368.00K | -505.00K | -875.00K | 0.00 |
| Financing Cash Flow | 862.00K | 862.00K | 617.00K | 2.00M | 1.55M | 964.00K |
Altona Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £4.77M | -4.60 | -44.38% | ― | 1.77% | 33.33% | |
45 Neutral | £2.91M | -4.29 | -4.75% | ― | ― | 36.36% | |
45 Neutral | £4.06M | ― | -25.13% | ― | ― | ― | |
43 Neutral | £3.87M | -0.48 | -44.29% | ― | ― | ― | |
42 Neutral | £4.02M | -2.16 | -114.83% | ― | ― | ― |
Altona Energy Corporate Events
Altona Rare Earths has raised £250,000 via a discounted subscription of 25 million new shares at £0.01 each, providing additional working capital to fund an expanded drilling programme at its Monte Muambe project in Mozambique and to process an increased volume of samples for geochemical assays, which are expected to support a larger fluorspar mineral resource estimate. The company also confirmed revised admission dates for previously announced warrant shares and said that, following the issue of the new subscription and warrant shares, its total issued share capital will rise to 321,864,306 ordinary shares, information that will guide investors’ disclosure obligations as Altona seeks to strengthen its resource base and reinforce its growth trajectory in critical minerals.
Altona Rare Earths Plc has completed an expanded drilling program at its Monte Muambe project in Mozambique, significantly increasing the drilled meterage by 70% due to positive results and new target discoveries. The company is progressing with USTDA engagements for rare earths prefeasibility study funding and plans to acquire new mineral assets in 2026, enhancing its strategic positioning in the critical raw materials market.
Altona Rare Earths Plc has announced the grant of share options to its key management team, including the CEO, CFO, Non-Executive Chairman, and Non-Executive Director, as a strategy to incentivize and retain talent while aligning their interests with shareholder value. The options, which are exercisable at nil-cost and have a three-year vesting period, are part of Altona’s broader strategy to enhance its market position and drive long-term growth by leveraging its diversified portfolio of critical raw materials projects in Africa.
Altona Rare Earths Plc announced that all resolutions at its Annual General Meeting were unanimously passed. The company continues to focus on its diversified strategy, advancing its Monte Muambe Project in Mozambique and exploring further opportunities in Africa. This development strengthens Altona’s position in the market for critical raw materials, potentially impacting stakeholders positively by enhancing its growth prospects and operational capabilities.
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.
Altona Rare Earths PLC has announced its audited results for the year ending June 2025, highlighting significant progress in its diversification strategy, including the execution of projects in fluorspar and copper, and the discovery of gallium at Monte Muambe. The company secured a 25-year mining concession for Monte Muambe and signed a final agreement on the Sesana Copper-Silver project. Post-period, Altona commenced a drilling program at Monte Muambe and engaged with the USTDA for potential financial support, while also raising funds to support project progression. The company is set to hold its AGM on November 26, 2025, and continues to focus on advancing its projects towards feasibility and identifying new opportunities aligned with its strategic focus on critical raw materials.
Altona Rare Earths PLC announced a change in its board, with Simon Charles stepping down as Non-Executive Chairman and Harvey Sinclair taking over the role. This leadership change comes as Altona continues its transformation into a sustainable resourcing company, focusing on the responsible development of its critical minerals portfolio to play a pivotal role in the global energy transition. The company is well-positioned to deliver long-term value through its ongoing projects and strategic partnerships, including plans to fast-track fluorspar production and engage with the US Government for advancing its rare earths project.
Altona Rare Earths Plc has raised £600,000 through the exercise of existing warrants to repay outstanding debt, following a previous successful fundraise. This move, along with the extension of a £500,000 debt facility with Catalyse Capital Limited, strengthens Altona’s financial position, allowing it to focus on advancing its projects in Africa. The company has also appointed Zeus Capital Limited as its corporate broker, enhancing its market presence. These developments are expected to improve Altona’s operational capabilities and long-term value creation for shareholders.