Altona diversifies into other critical materials

19th February 2024 By: Marleny Arnoldi - Deputy Editor Online

Altona diversifies into other critical materials

While London-listed Altona Rare Earths advances its Monte Muambe rare earths project, in Mozambique, the company has also decided to pursue a balanced portfolio of critical raw materials projects across different African countries.

Having reviewed the company’s corporate strategy, Altona recognised that the time was right for expansion and diversification into more rare earths projects, as well as other critical materials such as copper, lithium and niobium.

Altona is assessing new opportunities with a focus on projects having a low entry cost and a clear pathway to early results, as well as a clear pathway to majority ownership.

“We believe this will improve Altona’s risk profile and strenghten its value proposition for shareholders,” says CEO Cedric Simonet.

Meanwhile, Altona continues to advance a prefeasibility study on Monte Muambe, with metallurgical testing under way in Australia and Canada.