RCS - Altona Rare Earths - Altona becomes a member of "FAB"

Altona Rare EarthsAnnouncement

04/07/2025 07:00

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RNS Number : 7012P  Altona Rare Earths PLC  04 July 2025

 

4 July 2025

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

ALTONA JOINS FAB - The German FEDERATION

of INTERNATIONAL Mining and RESOURCES

 

 

 

Altona (LSE: REE) (FSE: A8LA), a resource exploration and development company
focused on Critical Raw Materials ("CRMs") in Africa, is pleased to announce
that it has joined the German Federation of International Mining and Resources
("FAB").

 

The FAB represents the interests of its members in numerous national and
international political and economic bodies. Through Federation of German
Industries (BDI) and Euromines memberships, under the umbrella organization
Association of Raw Materials and Mining (VRB), FAB is deeply involved in
policy making in the mining and mineral transformation sector, including with
respect to funding of CRMs development.

 

As the Company continues to engage with prospective strategic partners for the
Monte Muambe rare earths project, its membership in FAB will strengthen
Altona's network across Europe and Germany, unlock new opportunities for
project-level funding and strategic collaboration, and enhance the visibility
and value of its quotation on the Frankfurt and Stuttgart Stock Exchanges
(WKN: A2N6NH).

 

In addition, FAB membership will elevate Altona's profile within the European
investment and industrial landscape, helping to increase awareness of its
portfolio of critical raw material projects - including rare earths, gallium,
fluorspar, and copper - across key European markets.

 

Cedric Simonet, CEO of Altona, commented:

 

"We are very pleased to join the FAB at a pivotal time in our growth, as we
broaden our engagement with European industry stakeholders, potential offtake
partners, and the wider investment community.

 

"Altona's diversified portfolio of critical raw material (CRM) assets and
clear development roadmap position us to contribute meaningfully to Europe's
efforts to enhance resource independence - particularly in securing strategic
materials vital for defence, high-tech manufacturing, and the green energy
transition.

 

"Our membership of FAB will strengthen our visibility across Europe and serve
as a valuable platform to connect with strategic partners and long-term
investors who share our commitment to responsible, high-impact development of
critical mineral resources."

 

 

FAB's Managing Director, Dr Martin Wedig, added: "The German Federation of
International Mining and Resources welcomes Altona Rare Earths among its
members. Altona's membership participation once again highlights the growing
importance of securing sustainable supply chains for CRMs for use in Germany
and Europe.

 

"The stable supply of CRMs is essential for the implementation of the green
and digital transformation. The European Union has therefore adopted the
Critical Raw Materials Act (CRMA) to ensure a secure and sustainable supply.
The EU aims to extract, process, and recycle a larger proportion of the raw
materials it needs itself, thereby reducing its dependence on third countries.
As part of this, the approval process for raw material extraction and
processing projects is to be accelerated. The development of new technologies
for raw material extraction and recycling is also to be promoted.

 

"The FAB helps to connect various industrial players, make their voices heard
in the political arena, and launch attractive financing initiatives. We
congratulate Altona for joining us and look forward to working together within
the FAB network."

 

To subscribe for RNS alerts, please visit: https://investors.altonare.com/
(https://investors.altonare.com/)

-ends-

 

Altona Rare Earths Plc

Cédric Simonet, CEO
                   +44 (0) 7778 866 108

Louise Adrian, CFO
                    +44 (0) 7721 492 922

Strand Hanson (Financial Adviser)
    +44 (0) 20 7409 3494

Christopher Raggett

 

About FAB

 

The FAB is a network of German and international companies that are active in
raw material extraction and related fields abroad or intend to get involved
there in the future. The FAB forms the platform for information and exchange
of experience about raw material extraction and management. Its objective are
to foster cooperation between German government bodies and the industry, to
develop partnership between German industries and critical raw material
sources worldwide, and to align and integrate foreign trade and development
policy.

 

About Altona Rare Earths Plc

Altona is a resource exploration and development company focused on critical
raw materials in Africa. The Company is listed on the Main Market of the
London Stock Exchange with the ticker "REE". The Company currently holds
copper, fluorspar and rare earths projects.

The Monte Muambe rare earths and fluorspar project is located in Northwest
Mozambique. The Project was acquired in June 2021, and the Company has so far
drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of
13.6 million tons at 2.42% TREO. A Competent Person Report including the
Scoping Study for Monte Muambe was published on 18 October 2023. The Project
is now at Prefeasibility Study stage, with a focus on metallurgical testing
for rare earths extraction. On 1 April 2025, the Company announced the
discovery of high-grade Gallium in several drillholes and is currently
assessing the mineralogy setting and distribution of this potential co-product
of rare earths.

The Company is also assessing the possibility of rapidly putting in production
high-grade fluorspar veins occurring at Monte Muambe along the western margin
of the rare earth bearing carbonatite intrusion.

Altona is presently diversifying its portfolio by acquiring a limited number
of critical raw material projects to complement Monte Muambe.  The
acquisition of the Sesana copper-silver project in Botswana, located just 25
km from MMG's Khoemacau Zone 5 copper-silver mine, represents the first steps
towards the implementation of this expanded strategy.

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