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Altona Rare Earths – Altona becomes a member of „FAB“

ALTONA RARE EARTHS PLC („Alto­na“ or „the Com­pa­ny“)
ALTONA JOINS FAB -THE GERMAN FEDERATION OF INTERNATIONAL MINING AND RESOURCES
Alto­na (LSE: REE) (FSE: A8LA), a resour­ce explo­ra­ti­on and deve­lo­p­ment com­pa­ny focu­sed on Cri­ti­cal Raw Mate­ri­als („CRMs“) in Afri­ca, is plea­sed to announ­ce that it has joi­n­ed the Ger­man Fede­ra­ti­on of Inter­na­tio­nal Mining and Resour­ces („FAB“). The FAB repres­ents the inte­rests of its mem­bers in num­e­rous natio­nal and inter­na­tio­nal poli­ti­cal and eco­no­mic bodies. Through Fede­ra­ti­on of Ger­man Indus­tries (BDI) and Euro­mi­nes mem­ber­ships, under the umbrel­la orga­niza­ti­on Asso­cia­ti­on of Raw Mate­ri­als and Mining (VRB), FAB is deep­ly invol­ved in poli­cy making in the mining and mine­ral trans­for­ma­ti­on sec­tor, inclu­ding with respect to fun­ding of CRMs deve­lo­p­ment.
As the Com­pa­ny con­ti­nues to enga­ge with pro­s­pec­ti­ve stra­te­gic part­ners for the Mon­te Muam­be rare earths pro­ject, its mem­ber­ship in FAB will streng­then Altona’s net­work across Euro­pe and Ger­ma­ny, unlock new oppor­tu­ni­ties for pro­ject-level fun­ding and stra­te­gic col­la­bo­ra­ti­on, and enhan­ce the visi­bi­li­ty and value of its quo­ta­ti­on on the Frank­furt and Stutt­gart Stock Exch­an­ges (WKN: A2N6NH). In addi­ti­on, FAB mem­ber­ship will ele­va­te Altona’s pro­fi­le within the Euro­pean invest­ment and indus­tri­al land­scape, hel­ping to increase awa­re­ness of its port­fo­lio of cri­ti­cal raw mate­ri­al pro­jects – inclu­ding rare earths, gal­li­um, flu­or­spar, and cop­per – across key Euro­pean mar­kets. 

 

Ced­ric Simo­net, CEO of Alto­na, com­men­ted:„We are very plea­sed to join the FAB at a pivo­tal time in our growth, as we broa­den our enga­ge­ment with Euro­pean indus­try stake­hol­ders, poten­ti­al off­ta­ke part­ners, and the wider invest­ment com­mu­ni­ty. “ Altona’s diver­si­fied port­fo­lio of cri­ti­cal raw mate­ri­al (CRM) assets and clear deve­lo­p­ment road­map posi­ti­on us to con­tri­bu­te meaningful­ly to Europe’s efforts to enhan­ce resour­ce inde­pen­dence - par­ti­cu­lar­ly in secu­ring stra­te­gic mate­ri­als vital for defence, high-tech manu­fac­tu­ring, and the green ener­gy tran­si­ti­on.  „Our mem­ber­ship of FAB will streng­then our visi­bi­li­ty across Euro­pe and ser­ve as a valuable plat­form to con­nect with stra­te­gic part­ners and long-term inves­tors who share our com­mit­ment to respon­si­ble, high-impact deve­lo­p­ment of cri­ti­cal mine­ral resour­ces.“

FAB’s Mana­ging Direc­tor, Dr Mar­tin Wedig, added:
„The Ger­man Fede­ra­ti­on of Inter­na­tio­nal Mining and Resour­ces wel­co­mes Alto­na Rare Earths among its mem­bers. Altona’s mem­ber­ship par­ti­ci­pa­ti­on once again high­lights the gro­wing importance of secu­ring sus­tainable sup­p­ly chains for CRMs for use in Ger­ma­ny and Euro­pe. „The sta­ble sup­p­ly of CRMs is essen­ti­al for the imple­men­ta­ti­on of the green and digi­tal trans­for­ma­ti­on. The Euro­pean Uni­on has the­r­e­fo­re adopted the Cri­ti­cal Raw Mate­ri­als Act (CRMA) to ensu­re a secu­re and sus­tainable sup­p­ly. The EU aims to extra­ct, pro­cess, and recy­cle a lar­ger pro­por­ti­on of the raw mate­ri­als it needs its­elf, ther­eby redu­cing its depen­dence on third count­ries. As part of this, the appr­oval pro­cess for raw mate­ri­al extra­c­tion and pro­ces­sing pro­jects is to be acce­le­ra­ted. The deve­lo­p­ment of new tech­no­lo­gies for raw mate­ri­al extra­c­tion and recy­cling is also to be pro­mo­ted. „The FAB helps to con­nect various indus­tri­al play­ers, make their voices heard in the poli­ti­cal are­na, and launch attrac­ti­ve finan­cing initia­ti­ves. We con­gra­tu­la­te Alto­na for joi­ning us and look for­ward to working tog­e­ther within the FAB net­work.“


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Cont­act Infor­ma­ti­on:
Céd­ric Simo­net, CEO – 📞 +44 (0) 7778 866 108
Loui­se Adri­an, CFO – 📞 +44 (0) 7721 492 922
Strand Han­son (Finan­cial Advi­ser) – 📞 +44 (0) 20 7409 3494
Cont­act: Chris­to­pher Rag­gett

About FABThe FAB is a net­work of Ger­man and inter­na­tio­nal com­pa­nies that are acti­ve in raw mate­ri­al extra­c­tion and rela­ted fields abroad or intend to get invol­ved the­re in the future. The FAB forms the plat­form for infor­ma­ti­on and exch­an­ge of expe­ri­ence about raw mate­ri­al extra­c­tion and manage­ment. Its objec­ti­ve are to fos­ter coope­ra­ti­on bet­ween Ger­man govern­ment bodies and the indus­try, to deve­lop part­ner­ship bet­ween Ger­man indus­tries and cri­ti­cal raw mate­ri­al sources world­wi­de, and to ali­gn and inte­gra­te for­eign trade and deve­lo­p­ment poli­cy.

 

About Alto­na Rare Earths PLCAlto­na is a resour­ce explo­ra­ti­on and deve­lo­p­ment com­pa­ny focu­sed on cri­ti­cal raw mate­ri­als in Afri­ca. The Com­pa­ny is lis­ted on the Main Mar­ket of the Lon­don Stock Exch­an­ge with the ticker „REE“. The Com­pa­ny curr­ent­ly holds cop­per, flu­or­spar and rare earths pro­jects. The Mon­te Muam­be rare earths and flu­or­spar pro­ject is 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 at Pre­fe­a­si­bi­li­ty Stu­dy stage, with a focus on metall­ur­gi­cal test­ing for rare earths extra­c­tion. On 1 April 2025, the Com­pa­ny announ­ced the dis­co­very of high-gra­de Gal­li­um in seve­ral drill­ho­les and is curr­ent­ly asses­sing the mine­ra­lo­gy set­ting and dis­tri­bu­ti­on of this poten­ti­al co-pro­duct of rare earths. The Com­pa­ny is also asses­sing the pos­si­bi­li­ty of rapidly put­ting in pro­duc­tion high-gra­de flu­or­spar veins occur­ring at Mon­te Muam­be along the wes­tern mar­gin of the rare earth bea­ring car­bo­na­ti­te intru­si­on. Alto­na is pre­sent­ly diver­si­fy­ing its port­fo­lio by acqui­ring a limi­t­ed num­ber of cri­ti­cal raw mate­ri­al pro­jects to com­ple­ment Mon­te Muam­be. The acqui­si­ti­on of the Sesa­na cop­per-sil­ver pro­ject in Bots­wa­na, loca­ted just 25 km from MMG’s Khoe­ma­cau Zone 5 cop­per-sil­ver mine, repres­ents the first steps towards the imple­men­ta­ti­on of this expan­ded stra­tegy.

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