Altona Energy Share Discussion Threads

[the_price_is_right] 04/5/2023 00:58

I'm guessing the companies validity is in doubt...

[pembury] 19/4/2023 11:57

has it listed?

[the chairman elect] 06/4/2023 11:31

SP Angel . Morning View . China eyes ban on exporting rare-earth processing and refining technology


China eyes ban on exporting rare-earth processing and refining technology

Chinese officials are weighing up a potential ban on exports of various rare-earth magnet production and process/refining technologies. (Nikkei)

The move would be seen as a direct response to US measures to target the Chinese chip-making industry

Changes are expected to go through this year

The last major official rare earth policy shift by Beijing saw NdPr prices skyrocket when exports to Japan were suspended in 2010 over the Senkaku Islands

China controls over 90% of the rare earths refining and processing industry, with various techniques considered patented.

[the_price_is_right] 03/4/2023 12:34

Is this the new home of Altona?

[shearluc] 17/3/2023 10:32

FCA dragging their feet, so Main Market listing only towards end March.
Today is the last chance to buy before the move, you would have to think that a move to the Main Market in such a tightly held share is going to provide a decent uplift ....20% maybe more?

[the chairman elect] 10/3/2023 14:50

Subject to the approval of the Company's prospectus by the FCA, Admission is expected to become effective, and dealings in the Company's ordinary shares are expected to commence at 8.00 a.m. GMT on 20 March 2023, under the new ticker: "REE"

[the chairman elect] 10/3/2023 14:48

As a PREMIUM poster could you please set up a new thread for next week?

[the chairman elect] 10/3/2023 14:47

Altona Rare Earths Plc (AQSE: ANR.PL), a mining exploration company focused on the development of a significant Rare Earth Elements ("REE") mining project in Africa, today announces the Company has raised GBP2.0 million via an oversubscribed placing of GBP1,720,800 (the "Placing") and a subscription of GBP279,200 through the issue of 40 million new ordinary shares at 5 pence ("Issue Price") per share ("the Fundraise"). The Company announced on 2 February 2023 that it was seeking to raise GBP1.25 million in new capital.

The Fundraise is conditional on, inter alia, the proposed admission of its entire ordinary share capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").

The intended use of funds will include the completion of Altona's maiden JORC compliant Mineral Resource Estimate and a Scoping Study for the Company's flagship asset, Monte Muambe Rare Earths mining project ("Monte Muambe"), in northwest Mozambique, which is expected to be published in May 2023. This will enable the Company to increase its holding in Monte Muambe Mining Lda (which owns 100% of Monte Muambe) from 20% to 51%. The funds will also be used to repay certain creditors and general working capital purposes.

Subject to the approval of the Company's prospectus by the FCA, Admission is expected to become effective, and dealings in the Company's ordinary shares are expected to commence at 8.00 a.m. GMT on 20 March 2023, under the new ticker: "REE".

The Company will make a further announcement once FCA approval of the prospectus has been received.

Withdrawal from Trading on AQSE Growth Market

The Company's ordinary shares are expected to be withdrawn from trading on the AQSE Growth Market at 4.30 p.m. on Friday 17 March 2023. Current Shareholders need not take any action regarding their shares but may wish to consult their tax advisers regarding the implications of the Company's move to the Main Market of the London Stock Exchange.

[ctaylorw1] 13/10/2021 09:33

Exploration Drilling has commenced at Monte Muambe. RNS dated 13 October.

[ctaylorw1] 02/8/2021 08:24

Altona Rare Earths is currently listed on Aquis but is planning to move to the LSE Standard in September 2021.

The Company has posted its first set of accounts as a rare earths mining company on 2 August 2021 - for the year ended 20 June 21:

[ctaylorw1] 02/8/2021 08:12

Final Results posted today: https://www.investegate.co.uk/altona-rare-earths-plc--anr-/prn/final-results/20210802070000P1375/

[haff1] 09/6/2021 09:51

...yep even further than it already had!!

[the_price_is_right] 08/6/2021 13:57

Going down...

[targatarga] 31/3/2021 15:11

Reminds me of noventa(nvta). Rare earth tantalum. Loads of money raised but a total disaster.

[napoleon 14th] 31/3/2021 13:50

hxxp://www.altonaenergy.com/index.php

Altona Energy is a mining exploration company focused on the evaluation, development and extraction of Rare Earth Elements “REE”.

The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to Aquis Stock

Exchange (Formerly NEX Exchange for Growth Companies) on 1 February 2019.

The Company embarked upon its new strategy focus in early 2020 and in May 2020 it entered into an MoU with a Malawian mining consultancy company, Akatswiri Mineral Resources, for the acquisition of 75% of a REE mining asset in Southern Malawi. In July, Heads of Agreement were signed with Akatswiri with the intention of completing the acquisition once funding is in place. The Exploration Licence (APL 0153) is waiting approval by the Malawi government, which is expected by mid-October.

On 20 September the Company signed Heads of Agreement with Leadway Group, a Ugandan company which owns an Exploration Licence (TN03385) on a tenement in Eastern Uganda, to acquire a 70% interest in the project. The Company is also currently reviewing a number of other Rare Earth projects in Africa, where one of more is expected to lead to an investment by Altona.

The Rare Earth Rationale
The expansion of the “new energy” sectors and the increases in demand for electric vehicles and wind turbines is driving global demand for REEs, particularly Neodymium and Praseodymium (known as the “NdPr Metals”), as well as other “technology221; or “critical̶1; metals which are used in the manufacture of permanent magnets, a key component in green energy manufacturing. It has been widely reported that many companies are looking for alternative REE supplies outside China, which has controlled the supply for the past several years.

Altona is looking to build a multi-asset portfolio of REE mining projects in Eastern and Central Africa. While the East African Rift System has long been known for its endowment in Carbonatite-hosted REE deposits, some of which have been estimated to be among the richest in the world, the presence of Ionic Clay REE deposits has only more recently been shown in the region, making it an ideal target for Altona’s exploration work. Further, by acquiring REE assets of differing geological natures, the Company hopes to spread its risk between low grade / low operating cost ionic-clay type deposits and the high grade and high operating costs carbonatite deposits.

[napoleon 14th] 31/3/2021 13:48

With all due respect, could wassaper upgrade the thread to include usual data
for share price, news etc?
Also, ANR has changed its' targets, away from oil, then coal, to REE in Africa.
I've been (profitably) in RBW for a while.
Just wondering if this is worth a go.

[the_price_is_right] 30/3/2021 14:07

EGM: Same old scheme. Avoid.

[pembury] 24/3/2021 14:07

rns mou - lets hope mou go somewhere with this board!

[haff1] 17/3/2021 09:08

One buy today...first activity for days....and..... of course...the price drops on the buy!!!

[gravydays] 01/12/2020 10:47

Pretty honest sounding RNS.

[the_price_is_right] 17/9/2020 10:16

Ohhhhh. 9.5 Funding request. They must need the swimming pool retiling.