Altona Rare Earths Uncovers Untested Gallium Anomalies at Monte Muambe Project

Altona Rare Earths Plc (LSE:REE) has identified three significant untested gallium soil anomalies at its Monte Muambe project in Mozambique. This discovery, made after reviewing the company’s soil sampling data, suggests that gallium is more widespread at the site than previously anticipated, possibly indicating higher-grade mineralization. Altona plans to conduct additional assessments, including in-fill soil sampling and reconnaissance drilling, to investigate these anomalies further.

The discovery of gallium, a metal commonly associated with neodymium and praseodymium, could add considerable value to the Monte Muambe project. If gallium can be recovered as a co-product during rare earth extraction, it may provide an additional revenue stream, further enhancing the economic potential of the project.

About Altona Rare Earths Plc

Altona Rare Earths is an exploration and development company focused on critical raw materials in Africa. The company is listed on the London Stock Exchange and holds a diverse portfolio of projects in copper, fluorspar, and rare earths, with the Monte Muambe project in Mozambique being a key area of focus. Altona is also expanding its reach with acquisitions in Zambia and Botswana, complementing its existing operations.

• Year-to-Date Price Performance: -10.0%

• Average Daily Trading Volume: 631,243 shares

• Technical Sentiment: Strong Buy

• Market Capitalization: £2.25 million

The discovery of gallium at Monte Muambe could significantly increase the project’s value, positioning Altona for further growth in the rare earths sector.

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