RCS - Altona Rare Earths - APPOINTMENT OF DGWA AS ADVISOR

Altona Rare EarthsAnnouncement

09/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250409:nRSI2113Ea&default-theme=true

RNS Number : 2113E  Altona Rare Earths PLC  09 April 2025
9 April 2025

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

ALTONA APPOINTS DGWA AS EUROPEAN FINANCIAL MARKETS

& INVESTOR RELATIONS ADVISOR

 

 

Altona (LSE: REE) (FSE: A8LA), a resource exploration and development company
focused on critical raw materials in Africa, is pleased to announce that it
has appointed DGWA GmbH ("DGWA") as its European financial markets and
investor relations advisor. This appointment seeks to maximise the value of
the pre-existing dual listing of the Company's common shares on the Frankfurt
and Stuttgart Stock Exchanges (WKN: A2N6NH).

 

The European advisor will assist Altona with expanding its European profile
for Strategic Investors and industry players, increasing the awareness of its
rare earths and gallium project and short-term high-grade fluorspar mining
opportunity in Mozambique, as well as its copper project in Botswana.

 

This comes in a context where Altona has applied for the EU's Critical Raw
Materials Act ("CRMA") Strategic Project status for Monte Muambe, the EU has
recently released a list of 47 strategic projects located in Member States,
and the results of applications for non-Member States projects is expected in
the coming weeks.

 

DGWA will also assist the Company to engage with retail, institutional and
large private investors in the German-speaking DACH region (Germany, Austria,
and Switzerland) with a population of close to 100 million people, as well as
the rest of Europe and the United Kingdom.

 

Cedric Simonet, CEO of Altona, commented: "We are delighted to partner with
DGWA as we expand our presence in the European investment community. With the
EU's Critical Raw Materials Act (CRMA) highlighting the urgent need for secure
and diversified supply chains, Altona is well-positioned to contribute to
Europe's resource independence, helping secure critical materials essential
for high-tech applications and the green energy transition.

 

"With strong progress on our Prefeasibility Study and a clear path to
development, we look forward to engaging with European investors and OEMs who
recognize the long-term value of sustainable resource projects.

 

"DGWA's expertise in the European markets will be invaluable in connecting
Altona with strategic partners and investors who share our vision for
responsible and high-impact critical raw material development."

 

DGWA's CEO Stefan Müller, added:  "We are excited to introduce Altona to
European investors at a critical time for the EU's supply sovereignty.
Altona's Monte Muambe rare earths, gallium and fluorspar projects in
Mozambique, along with its copper asset in Botswana, directly align with the
EU's goals by developing diversified, secure, and sustainable supply chains.

 

Rare earths and gallium are essential for the green transition and
high-technology applications, and Altona's progress-from a defined JORC
resource to the Prefeasibility Study stage-demonstrates its commitment to
responsible development. With Europe striving to reduce reliance on
single-source supply chains, Altona presents a unique opportunity for
investors as Altona is at the forefront of securing critical materials for the
future. We look forward to supporting Altona's growth and connecting it with
European capital markets."

 

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 DGWA GmbH

 

DGWA, the German Institute for Asset and Equity Allocation and
Valuation ("Deutsche Gesellschaft für Wertpapieranalyse GmbH"), is
a European Investment Banking and Corporate Advisory firm based
in Frankfurt, Germany. The management team has a 30-year track record in
trading, investing, and analyzing SMEs around the world. DGWA has been
involved in over 250 IPOs, financings, bond issues, dual listings, and
corporate finance transactions as well as corresponding road shows and
awareness campaigns.

 

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 of the
Sesana copper-silver project in Botswana, located just 25 km from MMG's
Khoemacau Zone 5 copper-silver mine, represent the first steps towards the
implementation of this expanded strategy.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUPUWPCUPAGBR