21 October
2021
ALTONA RARE EARTHS
PLC
(“Altona” or “the Company”)
UPDATE ON
PROPOSED
LONDON STOCK EXCHANGE STANDARD LISTING
The Company continues to work with the Financial Conduct
Authority (“FCA”) to complete the rigorous listing process for its
proposed LSE Standard application. The timing of the Company’s
latest acquisition, as announced via RNS this morning at
7am, means that information on the
Chambe Rare Earths Project and the Company’s new joint venture
partner, Akatswiri Mineral Resources Ltd, will need to be included
in the current Prospectus, along with a Competent Person’s Report
(“CPR”) on the Chambe Project. The Company expects the CPR will
take approximately 6 weeks to complete and therefore it is advising
shareholders that any proposed listing date will need to factor in
this additional period or work.
-ends-
For further information, please visit www.altonaRE.com or
contact:
Altona Rare Earths Plc
Christian Taylor-Wilkinson, Chief
Executive
+44 (0) 7795 168 157
Martin Wood, Non-Executive
Chairman
+44 (0) 7880 787 080
Alfred Henry Corporate Finance Ltd (AQSE Corporate
Adviser )
Jon Isaacs / Nick
Michaels
+44 (0) 20 3772 0021
Optiva Securities (Broker)
Daniel
Ingram
+44 (0) 20 3411 1882
Company Information
Altona Rare Earths Plc is a mining exploration company focused
on the evaluation, development and extraction of Rare Earth Element
(REE) metals in Africa.
Its first acquisition was the Monte Muambe Project, a
significant rare earths mining project in southwest Mozambique, which it entered into in
July 2021 and where exploration work
commenced on 1 October 2021. The
Company’s second rare earths mining project, the Chambe Rare Earths
Project in southern Malawi was
acquired on 20 October 2021.