Altona Rare Earths soars as it enters MoU to acquire rare earths project

Shares in Altona Rare Earths soared by over 60% today following the news that the group has entered into an MoU to acquire up to 70% in the Monte Muambe Rare Earths Project. Should it choose to proceed with the investment following a 90-day due diligence period, the project would represent its first venture into a carbonatite hosted REE asset.