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Altona Rare Earths PLC on Tuesday said it has applied for its shares to be admitted to trading on the OTCQB Venture Market in the US, alongside its listing on London’s Main Market. The London-based rare earth exploration firm said the move represents a ‘natural and strategic step’ to align more with the US, as it expects to imminently sign a grant agreement with the country’s Trade and Development Agency for its Monte Muambe project in Mozambique, ‘validating the project’s relevance to US critical mineral supply chains’. The application to trade on the OTCQB is supposed to provide convenience to invest in the company’s ordinary shares to North American institutional and retail investors, according to Altona’s board, as well as enhance liquidity and increase the company’s visibility. Altona said OTCQB’s listing requirements ‘align closely with those of major non-US stock exchanges, making seamless access straightforward for London Stock Exchange Main Market companies’. Altona Chief Executive Cedric Simonet said: ‘Our application to trade on the OTCQB...reflects the growing strategic alignment between Altona, our Monte Muambe project and US critical mineral priorities. With this foundational step now complete, we believe the momentum is right to begin strategically positioning the company towards the North American capital markets.’ Altona shares were up 9.4% to 3.44 pence each on Tuesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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