---
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"
date: 2025-10-27
canonical: "https://www.share-talk.com/altona-rare-earths-plc-lon-ree-reports-full-year-results-and-provides-operational-update/"
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"]
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"
---

# Altona Rare Earths PLC (LON: REE) Reports Full-Year Results and Provides Operational Update

**Published:** October 27, 2025
**Author:** sharetalk
**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)

---

**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.

During 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.

The 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.

**PERIOD HIGHLIGHTS**

·  Execution of the Company’s diversification strategy with fluorspar and copper

·  Positive assessment of short term fluorspar production opportunity from high-grade fluorspar veins at Monte Muambe

·  Discovery of gallium occurrences at Monte Muambe

·  Granting of a 25 year mining concession at Monte Muambe

· Signing of the final agreement on the Sesana Copper-Silver project and commencement of environmental permitting

·  £0.4m fundraise through equity conversion of existing convertible loans

**POST-PERIOD HIGHLIGHTS**

·   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

·   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

·    Appointment of a new non-executive Chairman, Harvey Sinclair

·    Total fundraises of £1.5m to support the progression of the fluorspar and gallium PFS

·   Reduction of debt facilities by £0.6m and a one-year extension of terms on remaining £0.5m

**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.

The company also announced notice of its upcoming **Annual General Meeting**.

To subscribe for RNS alerts, please visit: [https://investors.altonare.com](https://investors.altonare.com/) 

Altona Rare Earths Plc

Cédric Simonet, CEO                                              +44 (0) 7778 866 108 ([cs@altonare.com](mailto:cs@altonare.com))

Louise Adrian, CFO                                                   +44 (0) 7721 492 922 ([la@altonare.com](mailto:la@altonare.com))

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