In this exclusive interview, StockBox speaks with Cedric Simonet, CEO of Altona Rare Earths, about the company’s exciting progress at its Monte Muambe project in Mozambique.
Cedric discusses the recent £500,000 fundraiser, the strategic importance of the fluorspar and gallium finds, and—most notably—the re-engagement from the US Gov, which is now considering funding support at the pre-feasibility stage.
Cedric Simonet, CEO of Altona, commented:
“I welcome the renewed engagement with the US Government, which highlights the strategic importance of Monte Muambe in the global critical minerals landscape. Securing long-term support from a partner of this caliber would not only validate the potential of our project but also place Altona in a stronger position to advance discussions with other strategic stakeholders across the value chain.
“Rare earths, gallium, and fluorspar are all recognised as essential to defense, technological development, and decarbonization of energy sources. With its diverse geology and commodities, Monte Muambe is uniquely positioned to contribute on all three fronts.
“The combination of this development and of the strong backing of our investors gives us a high degree of confidence as we accelerate our work programmes. Advancing the rare earths, gallium, and fluorspar work streams in parallel will maximise shareholder value while ensuring we remain aligned with global supply chain priorities.
“As we enter the second half of 2025, I look forward to providing our investors with a news rich period that includes an exciting drilling campaign at Monte Muambe, expected to rapidly result in a fresh JORC fluorspar resource estimate to support the fluorspar mine development, as well as to provide a further evaluation of the potential viability of gallium recovery.”
