REG - Altona Rare Earths - Chairman Appointment and Result of General Meeting

Altona Rare EarthsAnnouncement

20/08/2024 12:15

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RNS Number : 1297B  Altona Rare Earths PLC  20 August 2024

20 August 2024

 

 

ALTONA RARE EARTHS PLC

 

("Altona" or "the Company")

 

CHAIRMAN APPOINTMENT and RESULT OF GENERAL MEETING

 

 

Altona (LSE: REE), a resource exploration and development company focused on
critical raw materials in Africa, announces that Simon Charles has been
appointed as the new Chairman of the Company, with immediate effect.

 

Simon Charles is a solicitor and senior partner at City solicitors Marriott
Harrison LLP, having joined the firm in 2004. He joined the board of Altona on
9 June 2023 as a non-executive director and has served as chair of the audit
committee and the compliance committee.

 

Results of General Meeting

 

The Company also announces that, at the General meeting held earlier today,
all resolutions were duly passed.

 

Cedric Simonet, CEO of Altona, commented: "Having worked closely with Simon
for over a year, I am delighted to see Simon step up as Chairman during a
transformative period for the Company."

 

 

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Altona Rare Earths Plc

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

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

 

Novum Securities Ltd (Corporate
Finance)
+44 (0) 20 7399 9400

David
Coffman

Daniel Harris

 

Allenby Capital Ltd
(Broker)
+44 (0)20 3328 5656

Kelly Gardiner / Guy McDougall (Sales)

Nick Athanas (Corporate Finance)

 

 

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

 

The Company is currently developing 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 7,800m, 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 and process.

 

Altona is presently diversifying its portfolio by acquiring a limited number
of critical raw material projects to complement Monte Muambe. The acquisition
of the Kabompo South copper project in Zambia and of the Sesana copper-silver
project in Botswana represents the first steps towards the implementation of
this expanded strategy.

 

 

 

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