Altona Rare Earths plc reported higher losses in 2020 reflecting an increase in the companies’ move towards its new focus on rare earths elements (REEs). For the six months ended 31 December 2020, the company recorded losses of £119,000 (H1 2019: £78,000). The group had total liabilities of £536,000 at 31 December 2020 (H1 2019: […]
Tag: Altona Rare Earths plc
Altona nears 70% interest in Nankoma
Altona Rare Earths plc announced it had signed an option deed to acquire a 70% legal and beneficial interest in Leadway Group Ltd, owner of the Nankoma rare earths project in Uganda. The project is in exploration licence EL00115, covering an area of 67.5 km2 and is located some 50km east of Jinja, which lies 130km […]
Altona signs MoU for Monte Muambe
Altona Rare Earths plc has signed an memorandum of understanding for up to a 70% earn-in of the Monte Muambe rare earths project in northwest Mozambique. OPEN PIT Altona, which also has rare earth interests in southeast Uganda and southern Malawi, signed the MoU with Ussokoti Investimetos Limitada to start a legal and technical due […]
Altona appoints Simon Tucker as NED
Altona Rare Earths plc (formerly Altona Energy) has appointed Simon Tucker as non-executive director. Simon Tucker, aged 50, is an international businessman currently chief executive of AIM-listed SRT Marine Systems plc, chairman of Tan Delta Systems Ltd and an investor / shareholder in various other early and mid-stage private companies. He has been a director […]
Altona appoints Audrey Mothupi as NED
Altona Rare Earths plc (formerly Altona Energy) has appointed Audrey Mothupi as a board non-executive director. Ms Mothupi is chief executive of South African-based SystemicLogic Group, a global financial innovation, data and technology disruptor, specialising in emergent business models. Prior to joining SystemicLogic, she was head of inclusive banking at Standard Bank Group, where her division […]
Altona new name reflects focus on minerals
Altona Energy plc announced it was changing its name to Altona Rare Earths plc to reflect its new project interest. The mining exploration company was previously engaged in coal in Australia but during 2020 its focus moved to rare earth elements in eastern Africa. The company is also in the process of creating a new […]