Monte Muambe Interest Increase to 70%

Neoterra Group PLC

26 October 2026

 

26 October 2026

NEOTERRA GROUP PLC

("NeoTerra" or the "Company")

COMPLETION OF PHASE 3 - MONTE MUAMBE INTEREST INCREASE TO 70%

NeoTerra Group Plc (LSE: TERA) (OTCQB: ANRCF), the African critical minerals exploration and development company, is pleased to announce the completion of Phase 3 of the Farm-Out Agreement dated 23 June 2021, NeoTerra having met the minimum expenditure requirement for this phase. This triggers the increase of the Company's interest in Monte Muambe Mining Limitada ("MMM"), the holder of the Monte Muambe mining licence, from 51% to 70%.

The contractual and administrative formalities required to transfer the corresponding shares have been initiated and the Company will make a further announcement when they are complete.

CédricSimonet, CEO of NeoTerra, commented:

"The completion of Phase 3, which triggers the increase of our interest in MMM to 70% represent an important milestone in advancing Monte Muambe towards development and strengthening the Company's ownership of this increasingly strategic asset.

"We are very pleased with the progress achieved during Phase 3. Key milestones include the award of a 25-year mining licence for rare earths and fluorspar, securing a US$1.875 million grant from the US Government and rapidly advancing the fluorspar mining opportunity towards development through exploration, resource drilling and technical studies.

"The discovery of gallium and the identification of heavy rare earth element enrichment associated with fluorspar represent further significant achievements, introducing potentially substantial new value drivers for the project."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

-ends-

To subscribe for RNS alerts, please visit: https://neoterra-group.com/announcements

NeoTerra Group Plc

Cédric Simonet, CEO                [phone] ([e-mail])

Louise Adrian, CFO                      [phone] ([e-mail])

Strand Hanson (Financial Adviser)                                                            [phone]

Christopher Raggett

Imogen Ellis

Zeus Capital (Corporate Broker)                                                                [phone]

Simon Johnson

James Hornigold

About NeoTerra Group Plc

NeoTerra Group Plc (LSE:TERA) (OTCQB:ANRCF) is a London Main Market-listed exploration and development company focused on unlocking the value of critical raw materials across Africa. The Company is pursuing a diversified strategy, targeting assets with potential for near-term monetisation alongside long-term growth.

The multi-commodity Monte Muambe Project in northwest Mozambique is a highly prospective tenement hosting rare earths, fluorspar, and gallium mineralisation. Published JORC mineral resource estimates include:

●    13.6Mt at 2.42% TREO

●    3.48Mt at 20.6% CaF2

●    11.73Mt at 54.7g/t Ga2O3

The project is held under a 25-year mining licence and has received US Government support in the form of a US$1.875 million grant from USTDA to advance the rare earths component through the prefeasibility stage.

With a unique combination of critical raw materials projects, NeoTerra is well positioned to contribute to the global supply of strategically important commodities essential for clean energy, high technology, defence and industrial applications.

The Company and the Board remain actively focused on identifying and evaluating additional projects that align with our investment profile and strategic objectives, leveraging our extensive network and combined industry experience to uncover compelling opportunities that can drive long-term growth.

 

END