Altona Energy plc today announced it had raised £138,459.12 before expenses for its exploration projects for rare earth minerals in East Africa. The funds were raised through the placing of 2,130,140 new ordinary shares at an issue price of 6.5 pence per share. Altona expects to be readmitted to trading on the Aquis Stock Exchange […]
Tag: rare earth elements
Altona partner granted three-year Nankoma licence
Rare earth element (REE) mining company Altona Energy plc has taken its projects in East Africa a step further following the granting of a three-year exploration licence. The company said that Leadway Group Ltd, with which it signed a heads of agreement on 21 September, had been awarded a three-year exploration licence for its tenement […]
Altona appoints Martin Wood as chairman
Altona Energy plc has appointed Martin Wood as non-executive chairman, with immediate effect. Mr Wood is the founder and managing director of Vicarage Capital which assists junior and mid-cap resources companies. He established Vicarage Capital in 2003 and has advised many companies on AIM listings and long-term mining strategies. From 2017 to 2019, Mr Wood […]
Factors shaping the UK ‘critical minerals’ strategy
FEATURE: Now that critical minerals have appeared on the world’s industrial radar, the UK must compete with bigger national geographies and immense purchasing powers to ensure its own supply. TIME AND SPEED The Government has outlined its industrial strategy to assess the country’s requirements and assets to tackle pressing issues such as mobility, green energy […]
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 […]
CSM research could predict rare earth element deposits
Pioneering research led by the Camborne School of Mines (CSM) could help geologists locate new concentrations of some the most valuable rare earth deposits. A team of geologists, headed by Professor Frances Wall from the CSM and including the Australian National University, has discovered a new hypothesis to predict where neodymium and dysprosium could be […]