Altona Rare Earths PLC Initiation of research by Allenby Capital

TIDMREE

Altona Rare Earths PLC

03 November 2023

RNS Reach

03 November 2023

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

Initiation of research by Allenby Capital

Altona Rare Earths (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, is pleased to announce the initiation of research by Allenby Capital Limited, one of the Company's joint brokers.

The research is available on Allenby Capital's website here.

-ends-

Altona Rare Earths Plc

Cedric Simonet, CEO [phone]

Christian Taylor-Wilkinson, Business Development [phone]

Novum Securities Ltd (Corporate Finance) [phone]

David Coffman

Daniel Harris

George Duxberry

Allenby Capital Ltd (Joint Broker) [phone]

Kelly Gardiner / Guy McDougall (Sales)

Nick Athanas (Corporate Finance)

Optiva Securities (Joint Broker) [phone]

Daniel Ingram

Yellow Jersey PR (Financial PR) [phone]

Sarah Hollins

Annabelle Wills

Soraya Jackson

About Altona Rare Earths Plc

Altona is a resource exploration and development company focused on Rare Earths in Africa. The Company is listed on the Main Market of the London Stock Exchange.

Rare Earths are a group of 17 chemical elements, many of which are critical to the World's ongoing transition from carbon-based to renewable energies, and to the defence and communication sectors.

The Company currently focuses on the development of Monte Muambe, its flagship Magnet Rare Earths Project, located in Northwest Mozambique. The Project was acquired in June 2021, and the Company has so far drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A Competent Person Report including the Scoping Study for Monte Muambe was published on 18 October 2023. The Project is now entering its Prefeasibility Study stage.

Altona continues to take advantage of its position in Africa to assess other possible Rare Earths opportunities on the Continent.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAEANFAEAKDFFA

(END) Dow Jones Newswires

November 03, 2023 03:05 ET (07:05 GMT)