Altona Rare Earths, the LSE-listed African critical minerals company, changed its name to NeoTerra Group on 22 June, with its ticker switching from REE to TERA on the London Stock Exchange from 23 June.
The rebrand follows what the company describes as a strategic evolution beyond rare earth exploration into a diversified critical minerals development platform, anchored by the Monte Muambe project in Mozambique, which now carries mineral resources across rare earths (13.6 million tonnes at 2.42% total rare earth oxides), fluorspar (3.48Mt at 20.6% CaF2) and gallium (11.73Mt at 54.7g/t Ga2O3), all within a single 25-year mining concession.
Milestones underpinning the name change include a $1.875 million USTDA grant to advance Monte Muambe's rare earths component toward prefeasibility, publication of a JORC-compliant fluorspar mineral resource estimate, and what the company says is one of the first JORC-compliant gallium resource estimates for a carbonatite-hosted deposit.
"Changing our name to NeoTerra Group is more than a rebrand, it reflects an advancing transformation," said CEO Cedric Simonet.
Near-term priorities include advancing Monte Muambe's fluorspar project toward a final investment decision and completing Phase 3 earn-in expenditure, which will lift the company's project stake from 51% to 70%.
