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2 clusters · 3 sources · 29 days · First seen · Last updated

NeoTerra mining expansion in Mozambique

Overview

British mining company NeoTerra Group is expanding its operations at the Monte Muambe site in Mozambique’s Tete province, focusing on fluorspar, rare earths, and gallium.

In late September 2026, the company applied for a $5 million grant from the US-Africa Strategic Investment Program to fund drilling aimed at increasing calcium fluoride resources. The proposal also includes feasibility studies for a hydrofluoric acid production facility to add industrial value to the extraction process.

By late October 2026, NeoTerra increased its stake in the project from 51% to 70% following the completion of a third phase of a farm-out investment agreement. This move, which follows previous support from the United States Trade and Development Agency (USTDA), secures a 25-year mining licence for the extraction of fluorite and rare earths.

Entities

Monte Muambe · US-Africa Strategic Investment Program · Tete Province · NeoTerra Group Plc · United States Trade and Development Agency

Timeline

  1. [BUSINESS] 3 sources
    NeoTerra increases stake in Mozambique rare earths project to 70%

    NeoTerra has raised its stake in Mozambique’s Monte Muambe project to 70%, securing a 25-year mining licence for rare earths, fluorite, and gallium.

  2. [BUSINESS] 3 sources
    NeoTerra Group seeks $5M U.S. grant for Mozambique fluorspar expansion

    NeoTerra Group is seeking a $5 million U.S. grant to expand its fluorspar project in Mozambique, aiming to increase mineral resources and potentially establish local hydrofluoric acid production.

Sources

clubofmozambique.com · moztimes.com · sapo.pt