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).
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-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.