Altona Rare Earths Share Discussion Threads

[burtond1] 19/10/2023 06:47

A significant milestone for @AltonaRareEarth"We have networks so we are in a good position to identify and acquire new projects. We are constantly reviewing opportunities with very strict criteria"#REE CEO Cédric Simonet explains all to @TMSreach https://total-market-solutions.com/2023/10/altona-rare-earths-plc-oct-2023/

[apotheki] 18/10/2023 08:20

Cedric Simonet, CEO of Altona, commented:

"For Altona, the Monte Muambe Scoping Study is a significant milestone. This key deliverable serves as an affirmative initial validation of the Project's economic viability, enabling the Company to establish its presence amongst other prospective REE producers in Africa. It provides, together with the Mineral Resource Estimate ("MRE"), a solid foundation for the Project's subsequent progression.

"As the Project moves into its PFS stage, the Company will continue to work towards de-risking Monte Muambe and, with its local partners, to optimise its technical, commercial and financial parameters. We believe the timing for this achievement is impeccable, at a time where the global rare earths supply chain is diversifying away from China's decades-long domination, and Western processing facilities are starting to come online.

"The magnet metals present at Monte Muambe (and representing 90% of the Project's future revenue) are critical components of the global green energy transition. The supply deficit for Neodymium and Praseodymium Oxide is forecast to grow to 90,000 tonnes per year by 2040(7) and, to allow the decarbonisation of energy sources, more magnet metals mines must come on stream in the following years.

"Altona intends to play its part in supporting this crucial agenda, by working in a responsible manner to reduce the dependence on China for critical mineral supplies."

[apotheki] 25/9/2023 08:57

Cedric Simonet, CEO of Altona, commented: "Monte Muambe's maiden MRE is an important milestone for us. This is the first ever official measure of the size and grade of the project and we are delighted with the results, which confirm the presence of a potentially open-pit mineable REE resource. The size is of the same order of magnitude as some of our published peers' ore reserve estimates and will be further increased through down dip drilling at both Target 1 and Target 4, as well as resource drilling at Target 3 and Target 9.

"The Company is now finalising its Scoping Study, which will give a first-pass economic viability overview of the project, to the highest standard."

[dead duck resources] 25/9/2023 08:03

A tiny resource 'in line with expectations' as they focused on the exploitable part of their duff deposit to make the grade look ok. You can see why these guys went for a standard listing.

[septblues] 11/9/2023 11:30

a sum of the parts valuation would give ?

[the_price_is_right] 25/7/2023 15:26

Always in decline... In every guise, a stinker.

[czar] 24/7/2023 15:44

This is getting silly, only valued at £3.3m with £2m of cash.

[apotheki] 05/7/2023 14:30

This Investor Presentation next Wednesday could well be worth signing up for....

Altona (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, announces that Cedric Simonet, Chief Executive Officer, will host an investor presentation and Q&A session to provide an operational and strategic update on Wednesday, 12 July 2023 at 10:00 (BST) via the Investor Meet Company platform.

The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free on:

hxxps://www.investormeetcompany.com/investor/companies

Investors who already follow Altona on the Investor Meet Company platform will automatically be invited.

-- Investors are encouraged to submit questions pre-event via the "Ask a Question" function located on the Investor Meet Company dashboard up until 9 am the day before the meeting or at any time during the live presentation.

-- Whilst the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market through regulatory notifications.

-- Responses to the Q&A will be published at the earliest opportunity on the Investor Meet Company platform following the presentation.

-- Investor feedback can also be submitted directly to management post the event to ensure the Company can understand the views of all elements of its shareholder base.
For more information on Altona and its current mining projects please visit:

www.altonaRE.com

[apotheki] 05/7/2023 14:21

Yes absolutely czar - all looking v.positive. BTW I posted on the ADVFN HELP thread with regards to the charts so hopefully they will now get fixed.

[czar] 05/7/2023 13:39

The update was very strong imho, the yields are high. The market cap is only £4m, that looks wrong to me.

[apotheki] 05/7/2023 07:55

Until ADVFN sort out the charts the long term chart has for now been removed from the header.

Please go to the ADVFN HELP thread to highlight the issue with the charts - thank you!

[apotheki] 05/7/2023 07:50

Header updated....

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 on-going 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 7,000m, to support its maiden JORC Mineral Resource Statement which will be published in the Third Quarter of 2023.

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

For more information visit: www.altonaRE.com

[apotheki] 05/7/2023 07:35

ALTONA RARE EARTHS PLC - (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, is pleased to provide an operational update on its Mozambique rare earths project, Monte Muambe, which includes initial Pre-Feasibility Study in-fill drilling activities.

Cedric Simonet, CEO of Altona, commented, "We have a very busy second half of 2023 ahead of us, with a number of objectives to achieve; the MRE and Scoping Study being our immediate focus. Considerable attention will be given to the metallurgy of Monte Muambe, a key parameter for carbonatite hosted REE projects.

"The 2023 drilling campaign will specifically aim at expanding the high-grade orebodies in order to increase the resource base. Altona's strategy is to focus its exploration on high-grade ore to fast-track the project towards production and help meet the ever-increasing gap between magnet metals supply and demand."

For more information on Altona and its current mining projects please visit: www.altonaRE.com

[czar] 16/6/2023 16:10

33.7p price target

[apotheki] 11/6/2023 09:10

Cedric Simonet, CEO of Altona, commented:

" As the supply deficit for critical Magnet Rare Earths continues to deepen worldwide, today's Admission to the London Stock Exchange's Main Market will significantly contribute to unlocking value in Altona's flagship asset, Monte Muambe, and its strategy of becoming a Rare Earth producer in Africa.

"The Company is now focusing its attention on the short-term deliverables for Monte Muambe; namely a maiden JORC Mineral Resource Estimate and Scoping Study, the increase of its holding in the project to 51%, the start of the Prefeasibility Study and the application for a Mining Concession, which will further advance and de-risk the Project.
"We welcome Louise and Simon to the board and look forward to working closely with them both and receiving the wisdom from their many years of excelling in their chosen fields.
"Finally, on behalf of the board, I would like to thank our shareholders for their long-term support and patience, as the completion of our LSE Admission will now allow us to focus on realising the full value of the Company's strategy and assets."

[apotheki] 10/6/2023 14:30

For more information on Altona and its current mining projects please visit: www.altonaRE.com

[apotheki] 09/6/2023 07:50

ALTONA RARE EARTHS PLC

(Ticker "REE")

Admission to Trading and First Day of Dealings

Board Appointments

Altona Rare Earths Plc (LSE: REE), a mining exploration company focused on the development of a significant Rare Earth Elements ("REE") mining project in Africa, today announces the admission of the Company's entire issued share capital to the Official List of the Financial Conduct Authority by way of a Standard Listing under Chapter 14 of the Listing Rules and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").

Dealings in the Company's ordinary shares of 1 pence each ("Ordinary Shares") will commence at 8:00 a.m. GMT today, under the new ticker "REE".

The Company has raised gross proceeds of GBP2.0 million through the issue of 40 million new Ordinary Shares at 5 pence per share through an oversubscribed placing of GBP1,677,300 and a subscription of GBP322,700.

On Admission, the Company will have 82,403,199 Ordinary Shares in issue. The ISIN number is GB00BFZNKV91 and the SEDOL is BFZNKV91.

Board Appointments

Mr Simon Charles (aged 52) has been appointed as an Independent Non-Executive Director with immediate effect. Simon is a solicitor and is a Senior Partner at City solicitors Marriott Harrison LLP, having joined the firm in 2004. He specialises in company law, with a particular emphasis on acquisitions and disposals, directors' duties, equity and debt fundraises and shareholders' rights, in each case in relation to private and public companies. He has previously worked at Dechert LLP and a US law firm in the City. Immediately prior to joining Marriott Harrison LLP he spent a number of years in the corporate finance department of Numis Securities Limited where he advised private and public companies on debt and equity fundraises, acquisitions and restructurings.

Simon will be Chairman of the Compliance Committee, as well as Chairman of the Audit and Nominations committees.

As announced on 1 June 2023, Cédric Simonet has been appointed as Chief Executive Officer and Louise Adrian has joined the board as Chief Financial Officer with immediate effect.

[apotheki] 09/6/2023 07:45

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 on-going 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 7,000m, to support its maiden JORC Mineral Resource Statement which will be published in the Third Quarter of 2023.

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

For more information visit: www.altonaRE.com!FOLLOWFEED

[rrr] 02/8/2017 09:08

Lynas has repaid some debt.

[jimbo55] 31/3/2015 13:27

I think holders will just have to keep their fingers crossed. The bad news is definitely in the price!