REG - Altona Rare Earths - Director/PDMR Dealing

Altona Rare EarthsAnnouncement

13/11/2024 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241113:nRSM9750La&default-theme=true

RNS Number : 9750L  Altona Rare Earths PLC  13 November 2024

13 November 2024

 

 

ALTONA RARE EARTHS PLC

 

("Altona" or "the Company")

PDMR Dealing

 

Altona (LSE: REE), a resource exploration and development company focused on
critical raw materials in Africa, announces that it has been notified that on
11 and 12 November Cedric Simonet and Louise Adrian, both Directors of the
Company, purchased 899,999 and 1,027,016 ordinary shares of 1 pence each in
the Company ("Shares") respectively.

 

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

To subscribe for RNS alerts, please join our investor hub on:
https://investors.altonare.com/welcome

-ends-

 

Altona Rare Earths Plc

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

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

 

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

David
Coffman

Daniel Harris

 

 

 

Notification and public disclosure of transaction by person discharging
managerial responsibilities

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                                                     1)   Cedric Simonet
 2   Reason for notification
 a.  Position/Status                                                                          1)   CEO
 b.  Initial notification/ Amendment                                                          Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                                                     Altona Rare Earths Plc
 b.  LEI                                                                                      2138002A5GU9BFS2I491
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a.  Description of the financial instrument, type of instrument                              Ordinary shares of £0.01

Identification Code

                                                                                              ISIN Code: GB00BFZNKV91
 b.  Nature of the transaction                                                                Purchase of Ordinary Shares
 c.  Price(s) and volume(s)                                                                   Price                      Volume
                                                                                              1)        £0.0142          800,000
                                                                                              2)        £0.0145          99,999
 d.  Aggregated information

Price          Volume
     - Aggregated Volume                                                                      1)  £12,810    899,999

     - Price
 e.  Date of the transaction                                                                  11/12 November 2024
 f.  Place of the transaction                                                                 London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

 

 Price          Volume
 1)  £12,810    899,999

e.

Date of the transaction

11/12 November 2024

f.

Place of the transaction

London Stock Exchange

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                                                     1)   Louise Adrian
 2   Reason for notification
 a.  Position/Status                                                                          2)   Director
 b.  Initial notification/ Amendment                                                          Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                                                     Altona Rare Earths Plc
 b.  LEI                                                                                      2138002A5GU9BFS2I491
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a.  Description of the financial instrument, type of instrument                              Ordinary shares of £0.01

Identification Code

                                                                                              ISIN Code: GB00BFZNKV91
 b.  Nature of the transaction                                                                Purchase of Ordinary Shares
 c.  Price(s) and volume(s)                                                                   Price              Volume
                                                                                              1)    £0.0147      337,680
                                                                                              2)    £0.0144      344,668
                                                                                              3)    £0.0144      344,668
 d.  Aggregated information

Price     Volume
     - Aggregated Volume                                                                      £14,890   1,027,016

     - Price
 e.  Date of the transaction                                                                  11 November 2024
 f.  Place of the transaction                                                                 London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

 

 Price     Volume
 £14,890   1,027,016

e.

Date of the transaction

11 November 2024

f.

Place of the transaction

London Stock Exchange

 

 

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 projects 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, and a mining
licence is expected to be granted before the end of 2024. The Project is now
at Prefeasibility Study stage, with a focus on metallurgical testing for rare
earths extraction.

 

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 acquisitions
of the Kabompo South copper project in Zambia and 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 RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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  DSHEAPFAFFNLFFA