Altona Rare Earths to Procure $1.875 Million in Metallurgical Testing and Process Engineering Services

en.Wedoany.com Report, Altona Rare Earths Plc (LSE: REE) has issued a Request for Proposal (RFP) to procure metallurgical and process engineering services for a Pre-Feasibility Study (PFS), with a total value of $1.875 million ($2.74 million). The proposal submission deadline is May 4, 2026.

This grant is provided by the U.S. Trade and Development Agency (USTDA). The agency supports critical minerals projects. Altona is actively preparing for the project's technical and commercial development. This procurement is open to qualified U.S. companies.

The selected contractor will be responsible for work on the Monte Muambe project in Mozambique. The delivery window is post-May 2026. The scope of work includes drilling, metallurgical testing, and engineering studies. A second application scenario involves environmental studies and updating the financial model.

Despite launching the RFP, Altona retains alternative options. The company is actively engaging with potential offtake partners. Other strategic initiatives include deepening engagement with U.S. partners.

The grant will advance the project's technical and commercial development. Altona plans to enhance the project's valuation by updating its financial modeling. The related work is expected to yield several tangible outcomes.

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