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Altona Rare Earths gains U.S. engagement for Monte Guambe project in Mozambique
7:39 CAT | 19 Aug 2025
File photo: Altona Rare Earths
Altona Rare Earths Plc has secured a strategic dialogue with the U.S. government regarding potential funding support for its Monte Muambe rare earths development in Mozambique. The initiative reflects Washington’s broader policy to strengthen and diversify its rare earths supply chain, reducing reliance on overseas sources.
In parallel, Altona has begun mobilization for a fluorspar drilling program at Monte Muambe, while also preparing to advance its evaluation of gallium resources. Running these activities side by side could deliver meaningful cost efficiencies and help accelerate the project’s overall timeline.
Altona said it expects progress on its proposal in the coming weeks.
“I welcome the renewed engagement with the US Government, which highlights the strategic importance of Monte Muambe in the global critical minerals landscape,” said chief executive Cedric Simonet.
“Securing long-term support from a partner of this calibre would not only validate the potential of our project but also place Altona in a stronger position to advance discussions with other strategic stakeholders across the value chain.”
Altona is presently preparing to start a 2,000-metre drilling programme at Monte Muambe in September.
About Altona Rare Earths Plc
Altona Rare Earths Plc is a London Main Market-listed company focused on exploration and development of critical raw materials across Africa. Its flagship Monte Muambe Project in Mozambique contains rare earth elements, fluorspar, and gallium mineralization. With demand for these resources rising in clean energy and advanced technology applications, Altona aims to position itself as a key supplier of materials vital to the global energy transition.
@AltonaRareEarth update on strategic engagement with the United States government and on operational activities towards the development of #REE Monte Muambe fluorspar mine and the assessment of the gallium occurrences.
· The US Government has re-engaged with the Company… https://t.co/acx7QQpQ0K pic.twitter.com/B7yO9KzKkQ
— Share_Talk ™ (@Share_Talk) August 18, 2025
Source: ADVFN UK / Proactive Investors
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