REG - Harena Rare Earths - Completion of Investment by RAB Capital Holdings

Harena Rare EarthsAnnouncement

16/01/2026 07:02

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RNS Number : 2159P  Harena Rare Earths PLC  16 January 2026

16 January 2026

 

Harena Rare Earths Plc

("Harena" or the "Company")

 

Completion of Investment by RAB Capital Holdings Limited

Change in Total Voting Rights

 

Harena Rare Earths Plc (LSE: HREE) (OTCQB: CRMNF), the rare earths company
focused on the Ampasindava ionic clay rare earth project in Madagascar (the
"Ampasindava Project"), announces the issue of new ordinary shares to complete
the £450,000 investment into the Company by RAB Capital Holdings Limited and
associates ("RAB Capital").

 

On 1 October 2025, the Company announced a conditional subscription (the
"Subscription") by RAB Capital for 30,000,000 new ordinary shares of £0.005
each in the Company (the "Subscription Shares") at a price of £0.015 per
Subscription Share. The proceeds from the subscription were received by the
Company in October 2025 pursuant to the Subscription Agreement and following
the passing of the requisite resolutions by shareholders at the Company's
annual general meeting on 4 December 2025 and with the new Prospectus Rules
coming into effect, the Company will now proceed with the issue of the
Subscription Shares to RAB Capital.

 

Accordingly, an application has been made by the Company for the 30,000,000
Subscription Shares to be admitted to trading on the main market of the London
Stock Exchange ("Admission") and Admission is expected to take place at 8.00
a.m. on or around 20 January 2026.

 

Following Admission RAB Capital is expected to hold 58,250,959 ordinary shares
of £0.005 each in the Company, representing approximately 9.8 per cent of the
Company's then issued share capital.

 

Total voting rights

 

Immediately following Admission, the Company will have 592,651,018 ordinary
shares of 0.5 pence each in issue, each with one voting right. There are no
shares held in treasury. Therefore, the Company's total number of ordinary
shares in issue and voting rights will be 592,651,018 and this figure may be
used by shareholders from Admission as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

For further information please contact:

 

 Harena Rare Earths Plc

 Ivan Murphy, Executive Chairman                                  +44 (0)20 7770 6424

 Allan Mulligan, Executive Technical Director

 Allenby Capital Limited - Financial Adviser & Joint Broker       +44 (0)20 3328 5656 info@allenbycapital.com

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)

 Amrit Nahal / Kelly Gardiner (Sales & Corporate Broking)

 SP Angel Corporate Finance LLP - Joint Broker                    +44 (0)20 3470 0470

 Ewan Leggat / Josh Ray (Corporate Finance)

 Marex Financial - Corporate Adviser                              +44 (0)20 7655 6000

 Angelo Sofocleous / Keith Swann / Matt Bailey (Broking)          corporate@marex.com

 Muriel Siebert & Co. - US Financial Adviser & Broker             +1 (917) 902 7823 aasija@siebert.com

 Ajay Asija, Co-Head of Investment Banking

 Celicourt Communications - Public Relations                      +44 (0)20 7770 6424

 Mark Antelme / Charles Denley-Myerson                            harena@celicourt.uk

 

 

Notes to editors

 

Harena (www.harenaresources.com (http://www.harenaresources.com.au) ) is a
rare earths exploration and development company focused on the Ampasindava
Ionic Clay Rare Earth Project in Madagascar (Harena's interest is 100%). The
project hosts one of the largest ionic clay rare earth deposits outside of
China, with significant concentrations of high-value magnet metals,
specifically heavy rare earths, including neodymium (Nd), dysprosium (Dy), and
praseodymium (Pr), which are critical for the composition of neodymium magnets
(NdFeB). Harena is committed to low-impact, high recovery mining, providing a
sustainable supply of critical minerals for the global energy transition and
military defence industries as well as meeting the ever-growing demand for
NdFeB from the robotics sector.

 

 

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