Altona Rare Earths plc announced it had completed on time and within budget its 2021 drill programme at its Monte Muambe project in Mozambique. PHASE I The company drilled five diamond drill holes for 590 metres and 38 reverse circulation holes for 2,441m. Altona tested the lateral extension of known REE mineralisation in the crater […]
Tag: Malawi
Altona appoints Hilton Banda as NED
Altona Rare Earths plc has appointed Hilton Banda as a non-executive director with immediate effect. Mr Banda, aged 35, is a qualified geologist and group chairman of Akatswiri Holdings Ltd in Malawi. Akatswiri is the parent company of a number of resources focused companies including Akatswiri Rare Earths Pvt Ltd, in which Altona acquired a […]
Altona extends fundraise for African REEs
Altona Energy said it had extended its fundraising round due to ongoing interest as it continues its development plans for its rare earth elements (REEs) mining portfolio in Africa. The company said in September 2020 that it aimed to raise up to £500,000 for its REE projects in Uganda and Malawi. (bit.ly/356Hyx5) Altona announced this […]
Altona to raise £500,000 for Africa REEs
Mining exploration company, Altona Energy plc, is looking to raise up to £500,000 for its new strategic focus on rare earth elements (REEs) in East Africa. The company has signed heads of agreements with two African mining companies, to acquire a majority stake in two REE projects, one in Malawi and the second in Uganda. […]