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Altona Energy ( (GB:REE) ) has issued an update.
Altona Rare Earths Plc has announced that the mining license for its Monte Muambe project in Mozambique has been updated to ‘active’ status, valid until December 2049. This development is expected to derisk the project, facilitate discussions with potential investors, and expedite the development of a high-grade fluorspar production operation, subject to a scoping study.
More about Altona Energy
Altona Rare Earths Plc is a resource exploration and development company focused on critical raw materials in Africa. It is listed on the Main Market of the London Stock Exchange with the ticker ‘REE’. The company holds projects in copper, fluorspar, and rare earths, including the Monte Muambe project in Mozambique and copper projects in Zambia and Botswana.
YTD Price Performance: -3.33%
Average Trading Volume: 1,149,998
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.2M
For detailed information about REE stock, go to TipRanks’ Stock Analysis page.
