Altona Rare Earths, a UK-listed mining exploration company, has announced its intention to explore non-rare earth critical raw materials across various African countries.

The decision comes as the company’s board of directors conducted a comprehensive review of corporate strategy, concluding that diversification is a timely step.

As a result, Altona is setting its sights on other critical raw materials such as copper, lithium and niobium.

It is evaluating new prospects, prioritising projects that offer a road to early results, majority ownership, as well as that support low-entry costs.

The company also said it has made significant progress at its Monte Muambe rare earths project in Mozambique.

Source: Mining Technology