Mozambique: Altona secures USTDA funding and U.S. backing for Monte Muambe rare earths study

Altona Rare Earths has signed a grant agreement under which the United States Trade and Development Agency will provide US$1.875 million to fund metallurgy and process engineering work for the Monte Muambe rare earths prefeasibility study in Mozambique. The programme covers drilling for metallurgical samples, extensive processing and environmental studies, commercial assessments with potential U.S. off-takers, and an updated financial model, fully funding key de-risking workstreams alongside the company’s fluorspar development.

The partnership with the U.S. government is framed as both financial support and a strategic endorsement that aligns Monte Muambe with American critical minerals priorities and supply chain security goals. Management says the collaboration strengthens Altona’s ambition to become a major Western source of magnet rare earths and complements its efforts to increase North American investor access through an application to trade on the OTCQB, potentially enhancing its industry positioning and appeal to stakeholders.

✅Altona is pleased to announce that it has formally executed a grant agreement with the US Government, through the United States Trade and Development Agency. Under the terms of the Agreement, USTDA will provide a grant of US$ 1,875,000 to fund the metallurgy and process…pic.twitter.com/NBOU3l7Bz2 — AltonaRareEarths (@AltonaRareEarth)February 27, 2026