Result of AGM
Altona Rare Earths Plc announced that all resolutions were unanimously passed at its Annual General Meeting, with significant shareholder support evident in the proxy votes, including 47,279,280 votes for Resolution 01 and 47,235,999 for Resolution 02, indicating strong confidence from investors.
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Altona Rare Earths Plc (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to announce that all resolutions proposed at the Annual General Meeting held earlier today were unanimously passed on a show of hands.
Below is a summary of the proxy votes submitted for each resolution.
| Resolution | For | Against | Discretion to the Chair | Withheld | Total |
|---|---|---|---|---|---|
| 01 | 47,279,280 | 6,894 | - | 3,234 | 47,289,408 |
| 02 | 47,235,999 | 52,659 | - | 750 | 47,289,408 |
| 03 | 47,033,715 | 54,943 | - | 200,750 | 47,289,408 |
| 04 | 47,035,999 | 52,659 | - | 200,750 | 47,289,408 |
| 05 | 44,008,283 | 3,280,175 | - | 950 | 47,289,408 |
| 06 | 43,891,056 | 3,397,397 | 5 | 950 | 47,289,408 |
| Total Voting Rights | 291,864,306 |
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Altona Rare Earths Plc
Cédric Simonet, CEO +44 (0) 7778 866 108
Louise Adrian, CFO +44 (0) 7721 492 922
Strand Hanson Limited (Financial Adviser) +44 (0) 20 7409 3494
Christopher Raggett
Imogen Ellis
Zeus Capital (Corporate Broker) +44 (0) 20 3829 5000
Simon Johnson
James Hornigold
About Altona Rare Earths Plc
The multi-commodity Monte Muambe Project in northwest Mozambique is a highly prospective tenement hosting rare earths, fluorspar, and gallium mineralisation. Since acquiring the project in June 2021, Altona has drilled over 7,800 metres, delivering a maiden JORC Mineral Resource Estimate of 13.6Mt at 2.42% TREO, secured a 25-year mining licence (granted December 2024), and published a Competent Person Report and scoping study for the rare earths component of the project (October 2023). The Company is actively engaging with the US Government, through USTDA, as a possible strategic partner to advance the rare earths project through the prefeasibility stage.
In parallel, Altona is progressing plans to fast-track the development of high-grade fluorspar veins identified along the western and southern margins of Monte Muambe, with a targeted production of 50,000 tonnes per annum of acid-grade fluorspar over a minimum 12-year mine life. Acid-grade fluorspar is a key input in a wide range of applications, including hydrofluoric acid, lithium battery electrolyte production, and nuclear fuel refining, placing Altona in a strong position to supply this critical material.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.