Altona Rare Earths Plc (LSE:REE) has entered into an agreement to acquire Phelps Dodge Mining (Zambia) Ltd from Sustineri Group Ltd for $0.19 million on March 28, 2024. The consideration $0.04 million on completion, being the later of the date of the acquisition of the Target and the date of renewal of the Licence, payable in Shares at the 30 day volume-weighted average price, from which will be deducted any costs incurred by Altona to renew the Tenement and to transfer the Target; and $0.15 million, 12 months after completion, payable in Shares at the 30 day volume-weighted average price. David Coffman and Daniel Harris of Novum Securities Ltd acted as Financial advisor in Transaction.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1.325 GBX | 0.00% | 0.00% | -37.65% |
05-11 | 6,406,544 Ordinary Shares of Altona Rare Earths Plc are subject to a Lock-Up Agreement Ending on 11-MAY-2024. | CI |
04-17 | Transcript : Altona Rare Earths Plc - Special Call |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-37.65% | 1.45M | |
+4.24% | 10.08B | |
-3.35% | 4.21B | |
+28.80% | 2.91B | |
-7.20% | 3.05B | |
+0.79% | 2.49B | |
+54.45% | 428M | |
+18.18% | 283M | |
+17.36% | 198M | |
-21.26% | 120M |
- Stock Market
- Equities
- ANR Stock
- News Altona Rare Earths Plc
- Altona Rare Earths Plc has entered into an agreement to acquire Phelps Dodge Mining Ltd from Sustineri Group Ltd for $0.19 million.