Altona Rare Earths Final Earnings Report

Altona Rare Earths EPS Results

• Actual EPS: -GBX 1.97
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Altona Rare Earths Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Altona Rare Earths Announcement Details

• Quarter: Final
• Date: 10/31/2024
• Time: Before Market Opens

Altona Rare Earth (LSE: REE) is a resource exploration and development company, specialising in Rare Earth Elements (“REE”) and focused on the development of the Monte Muambe REE projects in Mozambique. Monte Muambe, a significant REE mining project, is a carbonatite-hosted REE deposit. It is located in Tete Province, Northwest Mozambique, a mature and safe mining region of Africa, with excellent infrastructure. The project has so far shown characteristics that are favourable to the fast-tracked development of a low strip ratio open-pit mining operation, in particular the right size and grade. Since June 2021 Altona has drilled over 7,000m at Monte Muambe, defined a JORC Exploration Target, and is currently preparing its maiden Mineral Resource Estimate and a Scoping Study. The ever-growing global ambition of a clean energy future has vastly increased demand for Rare Earth Elements, their role in the manufacturing of permanent magnets for products such as electric vehicles and wind turbines has placed them at the centre of this international green agenda. In addition to this Rare Earth Elements remain key in many varied defence and communication applications. Altona aspires to play an essential role in ensuring these varied needs are met, while also acting as an alternative supply option from the otherwise Chinese dominated market space. Altona Rare Earths (LON:REE) is headquartered in London and operates across Africa, where it uses its position on the ground to continually assess new high-quality Rare Earths exploration and mining opportunities. https://www.altonare.com/