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AQSE:ANR

Altona Rare Earths Plc

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Market:
AQSE
Market Cap:
-
Price
13.25 GBX
Change
-1.85%
52 weeks high
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52 weeks low
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In brief

Altona Rare Earths is a mining exploration company focused on the evaluation, development and extraction of Rare Earth Elements “REE”.

The Company embarked upon its new strategy focus in early 2020 and in May 2020 it entered into an MoU with a Malawian mining consultancy company, Akatswiri Mineral Resources, for the acquisition of 75% of a REE mining asset in Southern Malawi. In July, Heads of Agreement were signed with Akatswiri with the intention of completing the acquisition once funding is in place. The Exploration Licence (APL 0153) is waiting approval by the Malawi government, which is expected by mid-October.