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Altona Rare Earths Plc: Interim Results
Home / Client News / Altona Rare Earths Plc: Interim Results

Altona (AQSE: ANR.PL), a mining exploration company focused on the evaluation, acquisition and development of Rare Earth Elements (“REE”) mining projects in Africa, announces its unaudited interim results for the six months ended 31 December 2021.

HIGHLIGHTS

  • Completed Phase 1 drilling exploration programme at Monte Muambe Project
  • Mobilised for Phase 2 drilling programme at Monte Muambe to prove up Resource
  • Raised £1.25m at 14p in September 2021 – total raised in 2021 £2.2m
  • Net Assets increased to £868,000 (H1 20: £136,000)
  • Loss per share reduced to 1.55p (H1 20: 5.08p)
  • REE prices at all time high, due to rising demand for EV’s and renewable energy

https://www.londonstockexchange.com/news-article/market-news/interim-results/15385681

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