Altona Rare Earths Plc (LSE: REE) has joined the German Federation of International Mining and Resources (FAB), marking a strategic step in expanding its European footprint and strengthening ties with key players in the critical raw materials (CRM) sector.
FAB plays a significant role in shaping policy and supporting funding for CRM development across Europe, working under umbrella organizations like the Federation of German Industries (BDI) and Euromines. For Altona, this membership offers valuable exposure to strategic investors, offtake partners, and political stakeholders across Germany and the wider European Union.
The move comes as Altona advances its flagship Monte Muambe rare earths and fluorspar project in northwest Mozambique. The project boasts a JORC mineral resource estimate of 13.6Mt at 2.42% TREO and is currently in the prefeasibility stage, with metallurgical testing underway. The company also recently announced the discovery of high-grade gallium and is assessing its potential as a co-product.
CEO Cedric Simonet said the FAB membership will help Altona “broaden engagement with European industry stakeholders and increase visibility across the investment community,” adding that the company is well-positioned to support Europe’s ambitions for greater raw material independence.
FAB managing director Dr. Martin Wedig welcomed Altona, citing the importance of strengthening sustainable supply chains for CRMs in light of the EU’s Critical Raw Materials Act (CRMA), which aims to accelerate domestic sourcing and processing capabilities across the bloc.
With a growing, diversified portfolio and a clear development roadmap, Altona continues to position itself as a key contributor to Europe’s green transition and strategic resource security.
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