REG - Altona Rare Earths - PDMR Dealings and Issue of Shares

Altona Rare EarthsAnnouncement

15/01/2026 17:30

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RNS Number : 1321P  Altona Rare Earths PLC  15 January 2026

 

15 January 2026

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

Issue of Equity and PDMR Dealings

 

Altona (LSE: REE), a resource exploration and development company focused on
critical raw materials in Africa, announces that it has issued new ordinary
shares of £0.01 each in the capital of the Company ("Ordinary Shares") to
certain Directors in lieu of salaries and fees. The Company has also issued
new Ordinary Shares to Catalyse Capital Limited ("CCL") for a reprofiling fee
as announced on 13 October 2025.

 

Payments to Directors

On 15 January 2025, the Company issued 1,484,663 Ordinary Shares in lieu of
cash salary payments for the directors of the Company. This was in accordance
with the cash conservation measures agreed, as an ongoing monthly arrangement.
The number of issued shares was calculated by dividing the amount of monthly
salary or fees to be paid in shares by the volume weighted average price
("VWAP") of the Ordinary Shares based on the last 10 days of each calendar
period that the services were provided, between 1 September 2025 and 31
December 2025, at an average price of 1.64 pence per share.

 

Of the total number of shares issued,1,400,677 were issued to current
directors, as shown in the table below, with the balance of 83,986 being
issued to the former director Simon Charles.

 

 Director              Number of Shares Issued  Total Holding following Issue of Shares  Percentage Holding following Issue of Shares
 Cedric Simonet        711,712                  5,687,382                                1.74%
 Louise Adrian         546,701                  7,496,336                                2.29%
 Kristoffer Andersson  142,264                  457,258                                  0.14%

 

Debt Extension and Reprofiling Shares

As announced on the 13 October 2025, the Company has also issued 3,333,333 new
Ordinary Shares to CCL as a one-off reprofiling fee of £50,000 (being 10% of
the outstanding loan with CCL). This is payable in shares at a price of 1.5
pence per share.

 

Admission and Total Voting Rights

Application is being made for 4,817,996 of the new Ordinary Shares to be
admitted to trading on the Main Market of the London Stock Exchange which is
expected to be on or around 21 January 2026. Following this issue of 4,817,996
shares, which will rank pari passu with the Company's existing Ordinary
Shares, the Company's enlarged share capital and total voting rights in the
Company will comprise 326,682,302. The Company has no shares held in
Treasury. This figure of 326,682,302 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

 

Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities (PDMR) and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Cedric Simonet
 2.  Reason for the notification
 a)  Position/status:                                              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:                                     Ordinary Shares issued in lieu of salary
 c)  Price(s) and volume(s):                                       Price(s)  Volume(s)
                                                                   £0.0164   711,712
 d)  Aggregated information:                                       -

·Aggregated volume:

·Price:
 e)  Date of the transaction:                                      15 January 2026
 f)  Place of the transaction:                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume:

·Price:

-

e)

Date of the transaction:

15 January 2026

f)

Place of the transaction:

Outside of a trading venue

 

Responsibilities (PDMR) and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Louise Adrian
 2.  Reason for the notification
 a)  Position/status:                                              Chief Finance Officer
 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:                                     Ordinary Shares issued in lieu of salary
 c)  Price(s) and volume(s):                                       Price(s)  Volume(s)
                                                                   £0.0164   546,701

 d)  Aggregated information:                                       -

·Aggregated volume:

·Price:
 e)  Date of the transaction:                                      15 January 2026
 f)  Place of the transaction:                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume:

·Price:

-

e)

Date of the transaction:

15 January 2026

f)

Place of the transaction:

Outside of a trading venue

 

Responsibilities (PDMR) and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Kristoffer Andersson
 2.  Reason for the notification
 a)  Position/status:                                              Non-Executive 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:                                     Acquisition of shares in market place
 c)  Price(s) and volume(s):                                       Price(s)  Volume(s)
                                                                   £0.0164   142,264

 d)  Aggregated information:                                       -

·Aggregated volume:

·Price:
 e)  Date of the transaction:                                      15 January 2026
 f)  Place of the transaction:                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume:

·Price:

-

e)

Date of the transaction:

15 January 2026

f)

Place of the transaction:

Outside of a trading venue

 

 

Responsibilities (PDMR) and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Simon Charles
 2.  Reason for the notification
 a)  Position/status:                                              Former 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:                                     Ordinary Shares issued in lieu of salary
 c)  Price(s) and volume(s):                                       Price(s)  Volume(s)
                                                                   £0.0164   83,986

 d)  Aggregated information:                                       -

·Aggregated volume:

·Price:
 e)  Date of the transaction:                                      15 January 2026
 f)  Place of the transaction:                                     Outside of a trading venue

d)

Aggregated information:

·Aggregated volume:

·Price:

-

e)

Date of the transaction:

15 January 2026

f)

Place of the transaction:

Outside of a trading venue

 

-ends-

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Altona Rare Earths Plc

Cédric Simonet, CEO
 
+44 (0) 7778 866 108 (cs@altonare.com)

Louise Adrian, CFO
               +44 (0) 7721 492 922 (la@altonare.com)

 

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

Christopher Raggett

Imogen Ellis

 

Zeus Capital (Corporate
Broker)
                 +44 (0) 20 3829 5000

Simon Johnson

James Hornigold

 

About Altona Rare Earths Plc

 

Altona Rare Earths Plc (ticker: REE) is a London Main Market-listed
exploration and development company focused on unlocking the value of critical
raw materials across Africa. The Company is pursuing a diversified strategy,
targeting assets with potential for near-term monetisation alongside long-term
growth.

 

The multi-commodity Monte Muambe Project in northwest Mozambique is a highly
prospective tenement hosting rare earths, fluorspar, and gallium
mineralisation. Since acquiring the project in June 2021, Altona has drilled
over 7,800 metres, delivering a maiden JORC Mineral Resource Estimate of
13.6Mt at 2.42% TREO, secured a 25-year mining licence (granted December
2024), and published a Competent Person Report and scoping study for the rare
earths component of the project (October 2023). The Company is actively
engaging with the US Government, through USTDA, as a possible strategic
partner to advance the rare earths project through the prefeasibility stage.

 

In parallel, Altona is progressing plans to fast-track the development of
high-grade fluorspar veins identified along the western and southern margins
of Monte Muambe, with a targeted production of 50,000 tonnes per annum of
acid-grade fluorspar over a minimum 12-year mine life. Acid-grade fluorspar is
a key input in a wide range of applications, including hydrofluoric acid,
lithium battery electrolyte production, and nuclear fuel refining, placing
Altona in a strong position to supply this critical material.

 

The discovery of gallium mineralisation, with grades up to 550 g/t identified
to date, adds further value to Monte Muambe. The Company has established that
gallium will be concentrated in fluorspar production tailings and is assessing
its possible recovery as a by-product of fluorspar.

 

Altona's diversified portfolio also includes the Sesana Copper-Silver Project
in Botswana, strategically located just 25 km from MMG's Khoemacau Zone 5
copper-silver mine. Situated on a recognised regional contact zone for copper
deposits, Sesana represents a compelling exploration opportunity aligned with
Altona's growth strategy.

 

With a unique combination of critical raw materials projects, Altona is well
positioned to contribute to the global supply of highly sought commodities
essential for clean energy, high technology, defence and industrial
applications.

 

The Company and the Board remain actively focused on identifying and
evaluating additional projects that align with our investment profile and
strategic objectives, leveraging our extensive network and combined industry
experience to uncover compelling opportunities that can drive long-term
growth.

 

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