The Board of Directors of Altona recognises that the rapidly increasing need for Critical Raw Materials to sustain the Green Energy Transition, requires a formidable increase in exploration efforts to generate the necessary pipeline of new mineral sources and mining projects. This presents substantial opportunities for a nimble junior exploration company well implanted in Africa.
The Board also acknowledges that the Company operates in a complex business environment characterised by rapidly evolving equity and commodity markets and risks associated to global uncertainty.
Altona’s Corporate Strategy is therefore designed to capitalise on these opportunities while mitigating the risks and maximising value creation for its shareholders and stakeholders.
This will be achieved through building a diversified portfolio of assets across different commodities, countries, project dynamics and timelines to production, and project-level funding options.
The Board continues to firmly believe in the solid long-terms fundamentals of the Rare Earths market., and will continue to develop Monte Muambe while also assessing possible Rare Earth acquisitions having lower capex requirements and shorter timelines to production than Monte Muambe.
The Board is currently assessing a number of other Critical Raw Material opportunities in line with the above strategy, focusing on low entry cost, potential for rapid value addition through exploration, and clear valorisation and exit strategies. The Board has identified copper, lithium, niobium, and their associated minerals as the most suitable to implement this strategy.
Altona’s ambition is to offer its shareholders exposure to a balanced portfolio of exciting well-chosen mineral exploration projects, which will be valorised through focused exploration programs.
