Altona Rare Earths (LSE:REE) announced that it has received an additional £344,500 from existing shareholders, in addition to the £507,450 funding that the company had previously announced on 15 August 2025.
The total fundraise includes the subscription for 9.630,000 new ordinary shares of 1p each in the capital of the company at 3.6p per subscription share and the transfer and subsequent exercise of 40,500,000 warrants at an exercise price of 1p over 40,500,000 ordinary shares.
Together, each new share issued pursuant to this fundraise is 1.5p, which constitutes the blended price. This blended price was calculated by dividing the proceeds of the fundraise by the number of new shares. Furthermore, the issue of warrant exercise shares remains unchanged, as does the issue of salary sacrifice shares and service shares.
Cédric Simonet, CEO of Altona Rare Earths commented, “I am delighted and grateful to see the strong support of our shareholders materialise in this additional funding. The proceeds strengthen the Company’s ability to deliver short term advances on the fluorspar, gallium and rare earths fronts. With multiple workstreams progressing in parallel, we look forward to providing shareholders with a steady flow of strategic operational and commercial updates.”
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