Altona Rare Earths plc said it hoped to start its first exploration work by the end of September in Mozambique. FINANCE In its audited final results for the year ended 30 June 2021, the company also announced that expenditure totalled £733,000 (FY20: £225,985), reflecting Altona’s new strategy of investments into rare earths projects in Africa […]
Tag: Monte Muambe – Tete Province – northwest Mozambique
Altona signs exclusive deal for Monte Muambe
Altona Rare Earths plc is to acquire its first rare earths asset after signing an exclusive acquisition deal for the Monte Muambe project in Tete Province, northwest Mozambique. PROGRAMME The company entered into an agreement with Ussokoti Investimentos Limitada for up to 70% of the project via a farm-in arrangement. Altona has also started its […]
Altona to acquire 70% Monte Muambe
Altona Rare Earths plc plans to acquire the Monte Muambe rare earths project in Tete Province, northwestern Mozambique. EXPLORATION In March 2021, the company signed a Memorandum of Understanding with Ussokoti Investimentos Limitada, before beginning due diligence. Altona today said it had instructed its UK legal counsel to prepare the final contract to start the […]