Altona Rare Earths PLC (LON: REE), a resource exploration and development company focused on critical raw materials in Africa, announces that Simon Charles will step down as Non-Executive Chairman effective 31 October 2025, after over 2 years on the Board.
Harvey Sinclair has been appointed as Non-Executive Chairman, effective 1 November 2025. Mr Sinclair is currently the CEO of eEnergy Plc (AIM: EAAS), a digital energy services company. He has held non-executive roles across a variety of sectors, including the Scottish Enterprise backed lighting technology business, Design LED. He is also a Director and Trustee of Wild Tomorrow, an NGO involved in the creation of a wildlife corridor in KwaZulu-Natal, South Africa.
Cédric Simonet, CEO of Altona, commented:
“On behalf of the Board and the executive team, I want to extend our deepest thanks to Simon for his dedicated service to Altona, during which the Company established itself as a critical raw materials company on the Main Market of the London Stock Exchange and started to implement its diversification strategy. We wish Simon the very best in his future endeavours,
“I welcome Harvey to the Board and look forward to working closely with him as the Company undergoes further transformations taking us closer to being a responsible fluorspar producer and to realising the value of our rare earths assets.”
Harvey Sinclair, incoming Non-Executive Chairman of Altona, commented:
“I’m pleased to join Altona as it continues its evolution into a sustainable resourcing company playing a pivotal role in the global energy transition. The business is well positioned to deliver long-term value through responsible development of its critical minerals portfolio, and I look forward to working with the Board to help realise that potential.”
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
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Altona Rare Earths Plc
Cédric Simonet, CEO +44 (0) 7778 866 108 (cs@altonare.com)
Louise Adrian, CFO +44 (0) 7721 492 922 (la@altonare.com)
