Altona Energy; gibt es eine Zukunft?

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Altona Rare Earths gets warm welcome on first day's trading on LSE
Altona Rare Earths Plc (LSE:REE) has started trading on London's main market after its step up from the Aquis Exchange.
First deals saw the shares climb to 6.25p after the explorer raised £2mln at a price of 5p.
It said this was made up of an oversubscribed placing of £1.68mln and a subscription of £322,700.
Lawyer Simon Charles has also been appointed as an independent non- executive director with immediate effect. A senior partner at City solicitors Marriott Harrison, having previously worked for a number of years in the corporate finance department of broker Numis Securities, he specialises in acquisitions, disposals, directors' duties, equity and debt fundraises and shareholders' rights.
Last week, the company announced that Christian Taylor-Wilkinson will step down as chief executive to hand the role to chief operating officer Cédric Simonet, with Louise Adrian joining the board as chief financial officer with immediate effect.
New CEO Simonet said: "As the supply deficit for critical Magnet Rare Earths continues to deepen worldwide, today's admission to the London Stock ?Exchange's main market will significantly contribute to unlocking value in Altona's flagship asset, Monte Muambe, and its strategy of becoming a rare earth producer in Africa."

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8 August 2022

 ALTONA RARE EARTHS PLC
(“Altona” or “the Company”)

JORC COMPLIANT EXPLORATION TARGET ESTIMATE

HIGHLIGHTS THE GLOBALLY SIGNIFICANT SIZE AND GRADE POTENTIAL
OF
MONTE MUAMBE RARE EARTHS DEPOSIT

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 that it has completed a significant milestone, where the Company has estimated an Exploration Target of up to 56.6 million tonnes at up to 1.65% Total Rare Earth Oxide (“TREO”) (in compliance with JORC1 2012) based on its ongoing exploration work.

This estimate is ahead of the publication of a JORC Mineral Resource Estimate, which is on track for Q1 2023 and it is Altona’s first independent review of the drilling results to measure both the estimated size of the resource and average grade.

HIGHLIGHTS

-Estimated total tonnage of up to 56.6 million tonnes at 1.65% TREO
-Including 11.5 million tonnes at 2.41% TREO, corresponding to a well-defined high-grade zone
-Monte Muambe on track to become a significant, high value project
-Maiden Resource Estimate expected publication date - Q1 2023 and,
-The project’s Preliminary Economic Assessment by Q2 2023

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So if they remove then no money will be available from them either hmm

Altona (AIM: ANR), a coal exploration company focused on South Australia, is pleased to report that a non-binding Memorandum of Understanding between the Company and its Joint Venture Partners, Wintask Group Limited and Sino-Aus Energy Group Limited has been signed.
News vom 5.12.18
Under the terms of the MoU, Wintask, Sino-Aus and Altona, have confirmed their intention to co-operate to assess the potential for a conventional coal mine in the Westfield tenement. In addition, both Wintask and Sino-Aus have confirmed to the Company that the level of funding committed in the 2014 Joint Venture Agreement can be made available to develop the project (AUD$3.3 million and AUD$29.7 million, respectively). It is expected that these amounts would be sufficient to complete all exploration and also the bankable feasibility study.

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Letzte News:

Altona Energy signs MoU with GCAT Energy Group

Tue, 5th Jun 2018 14:01

(Sharecast News) - Altona Energy announced the signing of a non-binding memorandum of understanding (MoU) with GCAT Energy Group on Tuesday, which owns the licence to use a patented pyrolysis technology which it intended to use to develop a waste recycling project in Spain.

The AIM-traded firm said the pyrolysis technology converts carbon matter into a variety of outputs including syngas which could be used to generate electricity, as well as carbon black, naphtha and diesel.

It said the technology had already been demonstrated successfully, and was expected to be suitable for the conversion of thermal coal into these outputs.

Under the terms of the MoU, GCAT and Altona confirmed their intention to negotiate terms under which Altona could be able to invest in the equity of the joint venture company formed to exploit the technology.

In addition, Altona said it would be granted a licence to use the technology in other specific projects including at the company's Australian coal project.

"I am delighted to announce this potential exciting development for Altona," said CEO Nick Lyth.

"The pyrolysis technology can process a wide spectrum of carbon matter so there are a number of potential routes to commercialisation."

Lyth said that in addition, the demonstration unit had been shown to work at high levels of efficiency and as such, the economics of the project were potentially "very attractive".

"Initial negotiations have already taken place with the owners of the licence and I hope to be able to update the market with a positive outcome soon."