Altona Energy ( (GB:REE) ) has shared an update.
Altona Rare Earths Plc has issued new ordinary shares to its directors and a service provider as part of cash conservation measures, replacing cash salary payments with shares. This strategic move is aimed at preserving cash while maintaining operational momentum. The new shares are expected to be admitted to trading on the London Stock Exchange, which will increase the company’s total voting rights and share capital. This issuance reflects Altona’s ongoing efforts to manage resources efficiently and could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Altona Energy
Altona Rare Earths Plc is a resource exploration and development company that focuses on critical raw materials in Africa. The company is listed on the Main Market of the London Stock Exchange under the ticker ‘REE’ and holds projects in copper, fluorspar, and rare earths. Its Monte Muambe project in Mozambique is at the Prefeasibility Study stage, with ongoing metallurgical testing for rare earths extraction. Altona is also expanding its portfolio by acquiring additional critical raw material projects, including copper projects in Zambia and Botswana.
YTD Price Performance: -20.0%
Average Trading Volume: 591,919
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.96M
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