Altona has created a multi-asset investment strategy, focusing on Rare Earth Element (“REE”) mining projects in Africa. We will only invest where a majority stake is available and that the acquisition can be paid for in Altona Energy stock, allowing any funds raised to go directly in the ground. The expansion of new energy sectors and increases in the demand for electric vehicles is driving demand for REEs such as neodymium, praseodymium and other “technology” metals which are used in permanent magnets, a key component in electric vehicle manufacturing.

Veragold Panama is a private, emerging mining company in the Republic of Panama. Veragold’s principal asset is the world-class Minas Santa Rosa project. With over 1.2M ounces of gold already defined, along with over 5M ounces of silver, a 6000 tpd environmentally and socially responsible mill is currently in design with start-up scheduled for Q3 2020.