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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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