REG - Altona Rare Earths - Result of AGM

Altona Rare EarthsAnnouncement

26/11/2025 17:30

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RNS Number : 1652J  Altona Rare Earths PLC  26 November 2025

26 November 2025

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

RESULT OF AGM

 

Altona Rare Earths Plc (LSE: REE), a resource exploration and development
company focused on critical raw materials in Africa, is pleased to announce
that all resolutions proposed at the Annual General Meeting held earlier today
were unanimously passed on a show of hands.

 

Below is a summary of the proxy votes submitted for each resolution.

 

 

 Resolution           For          Against                              Withheld  Total

                                              Discretion to the Chair
 01                   47,279,280   6,894      -                         3,234     47,289,408
 02                   47,235,999   52,659     -                         750       47,289,408
 03                   47,033,715   54,943     -                         200,750   47,289,408
 04                   47,035,999   52,659     -                         200,750   47,289,408
 05                   44,008,283   3,280,175  -                         950       47,289,408
 06                   43,891,056   3,397,397  5                         950       47,289,408
 Total Voting Rights  291,864,306

 

 

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(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 Limited (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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