Director/PDMR Dealing

Altona Rare Earths PLC
13 November 2024
 

13 November 2024

 

 

ALTONA RARE EARTHS PLC

 

("Altona" or "the Company")

PDMR Dealing

 

Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, announces that it has been notified that on 11 and 12 November Cedric Simonet and Louise Adrian, both Directors of the Company, purchased 899,999 and 1,027,016 ordinary shares of 1 pence each in the Company ("Shares") respectively.

 

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

To subscribe for RNS alerts, please join our investor hub on: https://investors.altonare.com/welcome

-ends-

 

Altona Rare Earths Plc

Cédric Simonet, CEO                                                                             +44 (0) 7778 866 108

Louise Adrian, CFO                                                                                +44 (0) 7721 492 922

           

Novum Securities Ltd (Corporate Advisor)                                       +44 (0) 20 7399 9400

David Coffman                                                                                                                           

Daniel Harris

 

 

 

Notification and public disclosure of transaction by person discharging managerial responsibilities

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


1)   Cedric Simonet

2

Reason for notification



a.

Position/Status


1)   CEO

b.

Initial notification/ Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


Altona Rare Earths Plc

b.

LEI


2138002A5GU9BFS2I491

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument
Identification Code




Ordinary shares of £0.01

ISIN Code: GB00BFZNKV91

b.

Nature of the transaction


Purchase of Ordinary Shares

c.

Price(s) and volume(s)


Price

Volume

1)        £0.0142

800,000

2)        £0.0145

99,999

d.

Aggregated information

- Aggregated Volume

- Price


 

Price

Volume

1)  £12,810

899,999

e.

Date of the transaction


11/12 November 2024

f.

Place of the transaction


London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


1)   Louise Adrian

2

Reason for notification



a.

Position/Status


2)   Director

b.

Initial notification/ Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


Altona Rare Earths Plc

b.

LEI


2138002A5GU9BFS2I491

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument
Identification Code




Ordinary shares of £0.01

ISIN Code: GB00BFZNKV91

b.

Nature of the transaction


Purchase of Ordinary Shares

c.

Price(s) and volume(s)


Price

Volume

1)    £0.0147

337,680

2)    £0.0144

344,668

3)    £0.0144

344,668

d.

Aggregated information

- Aggregated Volume

- Price


 

Price

Volume

£14,890

1,027,016

e.

Date of the transaction


11 November 2024

f.

Place of the transaction


London Stock Exchange

 

 

About Altona Rare Earths Plc

 

Altona is a resource exploration and development company focused on critical raw materials in Africa. The Company is listed on the Main Market of the London Stock Exchange with the ticker "REE". The Company currently holds copper, fluorspar and rare earths projects.

 

The Monte Muambe rare earths and fluorspar projects is located in Northwest Mozambique. The Project was acquired in June 2021, and the Company has so far drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A Competent Person Report including the Scoping Study for Monte Muambe was published on 18 October 2023, and a mining licence is expected to be granted before the end of 2024. The Project is now at Prefeasibility Study stage, with a focus on metallurgical testing for rare earths extraction.

 

The Company is also assessing the possibility of rapidly putting in production high-grade fluorspar veins occurring at Monte Muambe along the western margin of the rare earth bearing carbonatite intrusion.

 

Altona is presently diversifying its portfolio by acquiring a limited number of critical raw material projects to complement Monte Muambe. The acquisitions of the Kabompo South copper project in Zambia and of the Sesana copper-silver project in Botswana, located just 25 km from MMG's Khoemacau Zone 5 copper-silver mine, represent the first steps towards the implementation of this expanded strategy.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings