Altona Rare Earths Reports Positive Fluorspar Test Results at Monte Muambe

PUBLISHED: 28 May 2025 @ 18:04 | Comments (0) | More info about Fiona Craig

Altona Rare Earths Plc (LSE:REE) has released encouraging metallurgical test results from its Monte Muambe project in Mozambique, highlighting the potential to produce high-grade acid-spar fluorspar. This material plays a crucial role in the manufacture of hydrofluoric acid and is increasingly in demand due to its applications in the chemical industry and battery technologies.

The discovery of new high-grade fluorspar outcrops, coupled with an expanded project scope to support increased production capacity, could substantially enhance the company’s resource base and long-term development potential. These updates mark a strategic milestone for Altona, positioning it to benefit from global trends favoring critical raw materials.

Company Profile: Altona Rare Earths Plc

Altona Rare Earths is a London-listed exploration and development company with a focus on critical minerals across Africa. Its core asset is the Monte Muambe rare earth and fluorspar project in Mozambique. The company is also pursuing growth through additional acquisitions in high-value commodity sectors such as copper and rare earths.

Despite the operational progress, market sentiment remains cautious, as reflected in technical indicators signaling a strong sell. Nonetheless, the company’s latest developments could reshape investor outlook if momentum in the fluorspar market continues.

Average Daily Trading Volume: 630,562
Technical Sentiment Signal: Strong Sell
Market Capitalization: £2.33 million

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