Desk · Economic studies · NdPr / LREE
LSE:TERA · ANRCF · OTCID
NeoTerra Group
Formerly Altona Rare Earths. Monte Muambe carbonatite, Mozambique — 13.6 Mt @ 2.42% TREO, fluorspar and gallium credits, USTDA-funded PFS. African NdPr with a US study cheque.
Quiet
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 08-20 PFS
- 2) 12-15 PFS
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- 2d
- Beats / 90d
- 1
- Recent gap
- —
1 beats in 180d
- — Last material beat 2d ago — PFS contractor selected (USTDA-funded).
- — Next: USTDA-funded Monte Muambe PFS (115d).
- — Government / strategic paper is on the tape.
Trading
- Last
- £0.022
- 1d
- 0.0%
- Mkt cap
- $12M
- Volume
- 0
- 52-week
- 1p – 6p
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $1.0M/kt · snapshot, not a live tape
Company & people
HQ
London / Mozambique
Focus
NdPr / LREE · Hard rock
CEO Cedric Simonet
- Cedric Simonet, CEO
Mine / project
Flagship
Monte Muambe
Location
Tete Province, Mozambique · Mozambique
Deposit
Carbonatite (NdPr + fluorspar + gallium)
Resource
13.6 Mt @ 2.42% TREO. Fluorspar MRE updated with HREE credit. Gallium leach ~85% cited. 70% project interest.
Desk basket
13.6 Mt · 2.42% TREO · 12 kt MagREO (desk)
Radioactivity
Moderate — typical monazite / carbonatite
Capital, loans, grants & support
USTDA grant
PFS funding at Monte Muambe (contractor selected Aug 2026, subject to final USTDA approval)
The Pulse
Grade is real. USTDA is a US-policy tell, not a Nasdaq path. Mozambique is the discount. Pulse is a PFS that survives fluorspar/gallium credits without pretending this is a US mine.
LSE:TERA (was REE) + Pink ANRCF ~US$0.028, zero volume. USTDA study ≠ US listing. African carbonatite needs a offtake, not a ticker.
Next: 15 Dec 2026 — USTDA-funded Monte Muambe PFS
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneLSE listing
Primary listing TERA (was REE). Rebranded from Altona June 2026.
- 02 · LiveUS OTC (ANRCF)
Pink / OTCID. Last ~US$0.028, zero volume. Not OTCQB.
- 03 · GapDTC eligibility
Pink-adjacent. Do not assume DTC.
- 04 · GapUS holder tape
USTDA is a study cheque, not a US register.
- 05 · NextMonte Muambe PFS15 Dec 2026
USTDA-funded PFS, contractor selected Aug 2026. That is the asset gate.
- 06 · GapSEC registration
No 20-F. A US offtake would matter more than a ticker.
- 07 · GapNasdaq $4 bid
ANRCF ~US$0.028. ~140× below.
- 08 · GapNasdaq application
African carbonatite. Not a 2026 Nasdaq file.
Catalysts
- 20 Aug 2026PFS contractor selected (USTDA-funded) study
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method