RCS - Altona Rare Earths - Membership to CMM

Altona Rare EarthsAnnouncement

17/07/2023 07:00

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RNS Number : 2040G  Altona Rare Earths PLC  17 July 2023

17 July 2023

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

Membership to Chamber of Mines Mozambique

 

Altona (LSE: REE), a resource exploration and development company focused on
Rare Earths in Africa, announces that its Mozambique subsidiary, Monte Muambe
Mining Limitada ("MMM") has been accepted as a member of the Chamber of Mines
of Mozambique ("CMM").

 

CMM was founded in 2012 by a number of large international mining companies
with the following aims:

 

·    Coordinate private sector mining companies in Mozambique,

·    Represent the interests of private sector mining companies to the
government, and

·    Improve the image of mining in Mozambique.

 

CMM is regularly involved in consultations with the Government and other
stakeholders pertaining to regulatory improvements and other matters affecting
the Mining Industry.

 

Among other advocacy matters, CMM is currently proactively lobbying for the
enabling of a business environment favourable to minerals value addition and
transformation in Mozambique, for the benefit of both the investors and the
country.

 

 

Cedric Simonet, CEO of Altona, commented, "I am delighted that our subsidiary
Monte Muambe Mining Limitada has joined the Chamber of Mines. Mozambique is a
mature mining country, where the Mining Industry has a bright future ahead,
provided it remains united and proactively engages with all stakeholders. As a
key player in Mozambique, it was only natural for Altona, through its local
subsidiary, to join this prestigious business advocacy organisation."

 

 

 

For more information on Altona and its current mining projects please visit:
www.altonaRE.com (http://www.altonaRE.com)

 

 

Altona Rare Earths Plc

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

Christian Taylor-Wilkinson, Business
Development
+44 (0) 7795 168 157

 

Novum Securities Ltd

David
Coffman
+44 (0) 20 7399 9400

Daniel Harris

George Duxberry

 

Optiva Securities
(Broker)
     +44 (0) 20 3411 1882

Daniel
Ingram

 

Yellow Jersey PR (Financial
PR)
+44 (0) 20 3004 9512

Sarah Hollins

Annabelle Wills

Jazmine Clemens

 

 

About Altona Rare Earths Plc

 

Altona is a resource exploration and development company focused on Rare
Earths in Africa. The Company is listed on the Main Market of the London Stock
Exchange.

 

Rare Earths are a group of 17 chemical elements, many of which are critical to
the World's on-going transition from carbon-based to renewable energies, and
to the defence and communication sectors.

 

The Company currently focuses on the development of Monte Muambe, its flagship
Magnet Rare Earths Project, located in Northwest Mozambique. The project was
acquired in June 2021, and the Company has so far drilled over 7,000m, to
support its maiden JORC Mineral Resource Statement which will be published in
the Third Quarter of 2023.

 

Altona continues to take advantage of its position in Africa to assess other
possible Rare Earths opportunities on the Continent.

 

For more information visit: www.altonaRE.com (http://www.altonaRE.com)

 

 

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