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Launch of Pre-Funding Campaign PR Newswire

This announcement is for information purposes only and does not constitute an offer for subscription for any securities in the Company. This announcement does not constitute or contain any invitation, solicitation recommendation, offer or advice to any person to subscribe for or acquire any securities of the Company in any jurisdiction where to do so would breach any applicable law or regulation.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

17 July 2020

ALTONA ENERGY PLC

(“Altona” or “the Company”)

LAUNCH OF PRE-FUNDING CAMPAIGN WITH

NR PRIVATE MARKET

Altona (AQSE: ANR.PL), a mining exploration company with a new strategic focus on Rare Earth Element (“REE”) mining projects in Africa, announces that it has launched a pre-funding marketing campaign on Minexia Ltd’s innovative private investment platform for the mining sector, NR Private Market. For specific information on Altona Energy and its investment case, please visit the NR Private Market Investor Lounge:

https://lounge.nrprivatemarket.com

NR Private Market offers private investors access to pre-vetted mining deals, allowing them to participate in capital raising events, from which they would normally be excluded, due to regulatory status.

Altona has chosen to work with Minexia’s team of financial professionals, risk management and mining specialists in preparation of an upcoming fund raise, which it expects to launch on the NR Private Market platform, within the next few weeks. The proceeds of a successful fund raise will be used to develop a Rare Earth Element (“REE”) mining project in Malawi (Chambe Basin, APL 0153) with its partner Akatswiri Mineral Resources Pvt Ltd, as announced by the Company on 2 June 2020, should the due diligence process and contract negotiations be successful.

The NR Private Market Investor Lounge provides details of Altona’s proposed new strategy, information on the proposed new asset, board members and consultants, as well as an overview presentation and exploration plan for the Chambe Basin REE Project.

Christian Taylor-Wilkinson, Interim CEO of Altona, commented, “The team at Minexia, led by Richard Lloyd, is well-known to Altona and was the natural fit for us when considering how best to raise capital for the proposed investment into the African REE project we are currently evaluating.

“We chose the non-broker funding route for this placing, specifically to allow private investors a chance to invest at ‘ground level’ into this exciting new strategy. We hope also that Altona’s existing shareholders will take this opportunity to be part of our new direction into Rare Earth mining.”

Rich Lloyd, CEO of Minexia Ltd, commented, “Minexia is delighted to welcome Altona to NR Private Market. We have been developing our disruptive ‘sophisticated crowdfunding’ financing platform for the past four years, in order to help grow early stage mining development and advanced exploration projects. We have, to date, raised £10 million in funds since the launch in Q1 2019, helping a number of junior mining companies move their projects forward.”

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For further information, please visit www.altonaenergy.com or contact:


Altona Energy plc
Christian Taylor-Wilkinson, Interim CEO             +44 (0) 7795 168 157
Philip Sutherland, Non-Executive Director           +61 (0)402 440 339

Alfred Henry Corporate Finance Ltd (Aquis Corporate
Adviser)
Jon Isaacs / Nick Michaels                          +44 (0) 20 3772 0021

Leander (Financial PR)                              +44 (0) 7795 168 157