OTCQB Listing and Company Update
Summary by AI BETAClose X
19 March 2026
ALTONA RARE EARTHS PLC
("Altona" or "the Company")
OTCQB listing, strategic and operational update
Altona Rare Earths plc (LSE: REE), the critical raw materials exploration and development company focused on Africa, is pleased to announce that its ordinary shares have been approved for cross-trading on the OTCQB Venture Market in the United States ("OTCQB"). Trading is set to commence on 19 March 2026 under the ticker ANRCF.
This dual quotation on a recognised US platform for growth companies is a direct and strategic complement to the Company's recent $1.875 million grant from the U.S. Trade and Development Agency ("USTDA"). Together, these milestones forge a direct pathway to engage with North American capital and strategic partners, significantly enhancing the Company's profile within the world's largest and most vibrant critical minerals market.
OTCQB Listing: A Catalyst for US Engagement
The Board believes that admission to the OTCQB will be a key driver in broadening and diversifying the Company's shareholder base. By providing the same ease of access for North American institutional and retail investors as exists in the United Kingdom, this cross-trading facility is designed to enhance liquidity and increase Altona's visibility among potential partners seeking exposure to independent, secure sources of critical minerals, including rare earths and gallium. The Company's primary listing on the London Stock Exchange Main Market (ticker: "REE") remains unchanged, and existing shareholders are not required to take any action.
Strategic Alignment with the United States
Following the USTDA grant, the OTCQB quotation crystallises Altona's strategy to position itself at the heart of the United States critical minerals supply chain initiative.
The Board believes that the USTDA grant and the OTCQB quotation significantly strengthen the Company's position to pursue strategic opportunities within the United States rare earths and gallium industry, as part of its broader strategy to maximise the value of its critical minerals assets and contribute to the development of a diversified global supply chain. This strategy is further supported by clear and tangible policy actions by the United States government, as well as by the current geopolitical environment and by strengthening market fundamentals for rare earth elements and gallium. Neodymium and praseodymium oxide prices have increased by over 50% since the beginning of the year and by over 100% year-on-year, and gallium prices have recently reached historical highs.
Possible growth opportunities for Altona could include processing, separation, magnet manufacturing and other value-added activities that support the development of a resilient and responsible Western rare earth and gallium supply chain.
Accordingly, over the coming months Altona intends to actively pursue and evaluate potential partnerships, including upstream consolidation opportunities as well as integration with mid-stream and downstream participants in the United States rare earths and gallium value chains. The Company will report to shareholders as this strategic workstream progresses.
Monte Muambe Operational Update: Derisking and Expanding Value
The majority of the fluorspar and gallium assay results from the 2025 drilling campaign at Monte Muambe have been received. Mineral Resource Estimate preparation work is underway. Concurrently, metallurgical test work for fluorspar extraction is progressing in South Africa.
Following the receipt of consistent gallium results from the 2025 drilling campaign, the Company has initiated metallurgical test work for gallium extraction and recovery. Representative samples have now been dispatched to laboratories for testing of automated ore sorting beneficiation and hydrometallurgy extraction methods.
Cedric Simonet, CEO, commented: "The rapid approval of our OTCQB listing is not just an administrative milestone; it is a pivotal moment that anchors Altona deeper within the US critical minerals ecosystem. When combined with our USTDA grant, it provides us with a powerful, two-pronged platform to engage with American capital and strategic partners.
"The current geopolitical and market environment - substantiated by surging rare earth and gallium prices - is exceptionally favorable for creating value through supply chain consolidation and integration. The consistent progress at Monte Muambe, particularly the rare earths and the new gallium work stream, strengthens Altona's position as a contender for these strategic opportunities. Maximising this position will be our primary focus in the coming months as we look to accelerate the Company's growth trajectory."
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.
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Altona Rare Earths Plc
Cédric Simonet, CEO +44 (0) 7778 866 108 (cs@altonare.com)Louise Adrian, CFO +44 (0) 7721 492 922 (la@altonare.com)
Strand Hanson (Financial Adviser) +44 (0) 20 7409 3494
Christopher Raggett
Imogen Ellis
Zeus Capital (Corporate Broker) +44 (0) 20 3829 5000
Simon Johnson
James Hornigold
About Altona Rare Earths Plc
Altona Rare Earths Plc (ticker: REE) 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. Since acquiring the project in June 2021, Altona has drilled over 7,800 metres, delivering a maiden JORC Mineral Resource Estimate of 13.6Mt at 2.42% TREO, secured a 25-year mining licence (granted December 2024), and published a Competent Person Report and scoping study for the rare earths component of the project (October 2023). The Company has received a US$ 1.875 million grant from USTDA to advance the rare earths project through the prefeasibility stage.
In parallel, Altona is progressing plans to fast-track the development of high-grade fluorspar veins identified along the western and southern margins of Monte Muambe, with a targeted production of 50,000 tonnes per annum of acid-grade fluorspar over a minimum 12-year mine life. Acid-grade fluorspar is a key input in a wide range of applications, including hydrofluoric acid, lithium battery electrolyte production, and nuclear fuel refining, placing Altona in a strong position to supply this critical material.
The discovery of gallium mineralisation, with grades up to 550 g/t identified to date, adds further value to Monte Muambe. The Company has established that gallium will be concentrated in fluorspar production tailings and is assessing its possible recovery as a by-product of fluorspar.
Altona's diversified portfolio also includes the Sesana Copper-Silver Project in Botswana, strategically located just 25 km from MMG's Khoemacau Zone 5 copper-silver mine. Situated on a recognised regional contact zone for copper deposits, Sesana represents a compelling exploration opportunity aligned with Altona's growth strategy.
With a unique combination of critical raw materials projects, Altona is well positioned to contribute to the global supply of highly sought 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.
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