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Altona Energy ( (GB:REE) ) has shared an announcement.
Altona Rare Earths Plc has finalized an agreement with Ignate African Minerals to acquire up to an 85% interest in the Sesana copper project in Botswana’s Kalahari Copper Belt. This strategic move involves a phased approach with financial and exploration commitments over four years, positioning Altona to enhance its presence in the region’s copper market. The project, located near existing copper-silver mines, is currently in the environmental permitting phase, with exploration activities anticipated to commence soon, reflecting Altona’s commitment to expanding its critical raw material assets.
More about Altona Energy
Altona Rare Earths Plc is a resource exploration and development company focused on critical raw materials in Africa. Listed on the London Stock Exchange, Altona holds projects in copper, fluorspar, and rare earths, notably the Monte Muambe project in Mozambique. The company is expanding its portfolio with new acquisitions, such as the Kabompo South copper project in Zambia and the Sesana copper-silver project in Botswana, aiming to diversify and enhance its strategic holdings.
YTD Price Performance: -10.0%
Average Trading Volume: 1,150,032
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.2M
For an in-depth examination of REE stock, go to TipRanks’ Stock Analysis page.
