{"id":128583,"title":"Altona Rare Earths PLC (LON: REE) Reports Full-Year Results and Provides Operational Update","publisher":"Share Talk","author":"sharetalk","published":"2025-10-27T08:18:13+00:00","modified":"2025-10-27T08:18:13+00:00","canonical_url":"https://www.share-talk.com/altona-rare-earths-plc-lon-ree-reports-full-year-results-and-provides-operational-update/","markdown_url":"https://www.share-talk.com/altona-rare-earths-plc-lon-ree-reports-full-year-results-and-provides-operational-update.md","json_url":"https://www.share-talk.com/altona-rare-earths-plc-lon-ree-reports-full-year-results-and-provides-operational-update.json","category":"Mining","categories":["Mining"],"tags":["Africa","Altona Rare Earths","Botswana","Cedric Simonet","COPPER","fluorspar mine","Iron Ore Copper Gold","Kabompo","Kitumba","Monte Muambe","Mozambique","REE","Simon Charles","Zambia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/G4QFUvaXAAApBxA.webp?fit=1200%2C675&ssl=1","format":"news","language":"en-GB","content":"**Altona Rare Earths PLC** has released its results for the year ended **30 June 2025**, confirming continued progress on its **diversification strategy** and further strengthening of its project pipeline.\n\nDuring the year, the company completed a **£0.4m equity conversion fundraise**, while **post-period** it raised a further **£1.5m** to support **drilling at Monte Muambe** and progress **fluorspar and gallium pre-feasibility studies**. Debt facilities were reduced by **£0.6m**, with a **one-year extension** agreed on the remaining **£0.5m** balance.\n\nThe Group’s **gross asset base** moved from **£2.3m to £1.9m**, while **share capital and share premium** increased from **£25.4m to £26.2m**, reflecting the additional equity raised. **Administration costs fell** by **£0.2m** to **£0.8m**, and **finance costs** decreased from **£0.5m to £0.1m**, supporting improved cost control.\n\n**PERIOD HIGHLIGHTS**\n\n·  Execution of the Company’s diversification strategy with fluorspar and copper\n\n·  Positive assessment of short term fluorspar production opportunity from high-grade fluorspar veins at Monte Muambe\n\n·  Discovery of gallium occurrences at Monte Muambe\n\n·  Granting of a 25 year mining concession at Monte Muambe\n\n· Signing of the final agreement on the Sesana Copper-Silver project and commencement of environmental permitting\n\n·  £0.4m fundraise through equity conversion of existing convertible loans\n\n**POST-PERIOD HIGHLIGHTS**\n\n·   Commencement of a drilling programme at Monte Muambe to deliver a JORC Mineral Resource Estimate for both fluorspar and gallium, as part of a scoping study for a 50,000 tpa acid-spar mine\n\n·   Ongoing engagement with the United States Trade and Development Agency (USTDA) and the United States Government regarding financial support for the Monte Muambe rare earths project\n\n·    Appointment of a new non-executive Chairman, Harvey Sinclair\n\n·    Total fundraises of £1.5m to support the progression of the fluorspar and gallium PFS\n\n·   Reduction of debt facilities by £0.6m and a one-year extension of terms on remaining £0.5m\n\n**Post year-end**, Altona raised **£0.9m in August 2025**, followed by a further **£0.6m in October 2025**, to advance its rare earths and strategic minerals portfolio.\n\nThe company also announced notice of its upcoming **Annual General Meeting**.\n\nTo subscribe for RNS alerts, please visit: [https://investors.altonare.com](https://investors.altonare.com/) \n\nAltona Rare Earths Plc\n\nCédric Simonet, CEO                                              +44 (0) 7778 866 108 ([cs@altonare.com](mailto:cs@altonare.com))\n\nLouise Adrian, CFO                                                   +44 (0) 7721 492 922 ([la@altonare.com](mailto:la@altonare.com))"}