Altona Rare Earths plc has raised £2 million in a placing and subscription ahead of starting to trade on the main market of the London Stock Exchange. The company raised £1,677,300 via a placing and £322,700 through a subscription with the issue of 40 million new ordinary shares each at 5 pence. Altona said it […]
Tag: Monte Muambe – Tete Province – northwest Mozambique
Altona nears trading on main market under new CEO
Altona Rare Earths plc has appointed a new chief executive officer ahead of the company’s proposed admission on 9 June 2023 to trade on the main market of the London Stock Exchange. CORPORATE CHANGES The company today announced it had published its prospectus for admission and also completed a £2 million fundraise. Christian Taylor-Wilkinson will […]
Altona raises £2m on cusp of admission to main market
Altona Rare Earths plc has raised £2 million via an oversubscribed placing and subscription. USES The placing resulted in £1,720,800 along with £279,200 from the subscription through the issue of 40 million new ordinary shares each at 5 pence. Altona plans to use the funds to complete the inaugural JORC compliant mineral resource estimate and […]
Altona prepares new fundraise for delayed listing
Altona Rare Earths plc is preparing to raise £1.5 million ahead of listing on the main market of the London Stock Exchange. FUNDRAISE The company aims to raise approximately £1.25m via a placing and subscription by certain directors of the company and other investors. In August 2022, Altona raised £1.1m but the admission process took longer […]
Altona 2022 drilling shows further high grade REEs
Altona Rare Earths plc said its now completed 2022 drilling programme showed further high grade rare earth element (REE) mineralisation at Monte Muambe in Tete Province, northwest Mozambique. MRE The 2022 programme comprised 36 reverse circulation (RC) holes for 3,360m, similar to 2021. Data will contribute to the company’s inaugural mineral resource estimate (MRE) expected […]
Altona secures £150,000 loan for Monte Muambe
Altona Rare Earths plc has secured a £150,000 loan to complete its 2022 programme and assay costs for its Monte Muambe project in northwest Mozambique. MRE The company will draw down the short-term loan facility from Align Research Investments Ltd in two tranches during November at a fixed interest rate of 15%. “In order to […]