Ananda Developments Plc - Proposed Rule 9 Waiver and Acquisition PR Newswire London, November 24 24 November 2022 ANANDA DEVELOPMENTS PLC ("Ananda" or the "Company")
TRADING UPATE
Altona (AQSE: ANR.PL), a rare earths exploration and mining company, announces a trading update for the first quarter of 2021.
During the period the Company consolidated its status in the rare earths mining sector by raising capital and appointing experienced new board members. The hard work of the past 12 months has put the Company in a strong position as it now has three potential acquisition opportunities under consideration. The next few months will see the completion of the rigorous due diligence procedures it is currently carrying out on these assets. The results of the due diligence, tgether with the board’s future economic considerations for each project, will form the basis of which assets the Company will acquire.