REG - Harena Rare Earths - Start of Cross-Trading on OTCQB Venture Market

Harena Rare EarthsAnnouncement

18/11/2025 07:00

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RNS Number : 8819H  Harena Rare Earths PLC  18 November 2025

18 November 2025

 

Harena Rare Earths Plc

("Harena" or the "Company")

 

Start of Cross-Trading on OTCQB Venture Market

Appointment of U.S. Broker and Financial Advisor

 

Harena Rare Earths Plc (LSE: HREE), the rare earths company focused on the
Ampasindava ionic clay rare earth project in Madagascar (the "Ampasindava
Project"), is pleased to announce that its ordinary shares of 0.5 pence each
("Ordinary Shares") have been approved to trade on the OTCQB Venture Market
("OTCQB") in the United States (the "U.S.") and will commence cross-trading on
the OTCQB at market open today under the ticker symbol "OTCQB: CRMNF". The
Company continues to maintain its primary quotation on the London Stock
Exchange's Main Market (the "Main Market").

 

The OTCQB, recognised by the U.S. Securities and Exchange Commission as an
Established Public Market, serves as a leading platform for both domestic and
international growth-stage companies. Admission to the OTCQB requires
companies to maintain up-to-date financial reporting, meet minimum bid price
criteria, and complete an annual verification and management certification
process. Harena was advised during the admission process by Donohoe Advisory
Associates LLC ("Donohoe Advisory").

 

The Company believes that cross-trading on both the Main Market and the OTCQB
will not only increase liquidity in its shares, thanks to a broader pool of
investors, but will also provide investors in the United States with easier
access to trading in Harena's ordinary shares.

 

Harena has seen considerable investor interest from the U.S. and given the
Company's strategic focus on the U.S. market for the procurement of its rare
earth deposits, the OTCQB market offers the Company strong synergies as it
looks to further the development of the Ampasindava Project.

 

Appointment of Siebert as U.S. Broker and Financial Adviser

 

As cross-trading on the OTCQB market will now be initiated, Harena has
appointed Siebert Financial Corporation ("Siebert") as the Company's U.S.
broker and financial advisor.

 

The board of directors of Harena (the "Board" or the "Directors") believes
that the appointment of Siebert is an important step in broadening access to
U.S. investors and supporting the effective promotion of the Company's shares
in the U.S.

 

Siebert (NASDAQ: SIEB) is a publicly traded broker-dealer in the U.S. with
approximately US$20 billion in assets under management through its retail
advisors. Headquartered in Miami, Siebert's investment banking practice
provides advisory and financing solutions to a broad range of industries with
major offices in New York, Washington DC and Los Angeles, and a presence in
more than ten additional U.S. locations.

 

Ivan Murphy, Executive Chairman of Harena, said:

 

"The ever-growing demand for critical minerals from the U.S. and the focus on
breaking its reliance on China makes it a key market for Harena. As such, the
initiation of Harena's cross-trading on the OTCQB marks an important milestone
for the Company as we further broaden our investor base by making it easier
for U.S. investors to gain exposure to our world-class Amapsindava Project."

 

Ajay Asija, Co-Head of Investment Banking, Muriel Siebert & Co., said:

 

"At Siebert we would like to use this engagement to build a long-term
relationship with Harena and its US investors. As such we will support
outreach to investors, provide market colour, provide access to individuals in
our professional network, and serve as a trusted advisor to the Company as it
navigates U.S. capital markets."

 

 

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 - UK Financial Adviser & Broker        +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)             info@allenbycapital.com (mailto:info@allenbycapital.com)

 Amrit Nahal / Kelly Gardiner (Sales & Corporate Broking)

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

 Ajay Asija, Co-Head of Investment Banking                      aasija@siebert.com

 Celicourt Communications - Public Relations                    +44 (0)20 7770 6424   harena@celicourt.uk (mailto:harena@celicourt.uk)

 Mark Antelme / Charles Denley-Myerson

 

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.

 

About Donohoe Advisory Associates LLC

 

Donohoe Advisory Associates is a premier provider of specialized consulting
and advisory services for companies and law firms navigating the full OTC
Markets and national exchange listing process. With extensive expertise in
regulatory requirements, disclosure standards, and market eligibility, Donohoe
Advisory supports issuers in preparing, submitting, and managing successful
applications across the OTC marketplace including OTCQB, OTCQX, OTCID, Form
211 submissions, and ongoing compliance oversight. The firm led Harena Rare
Earth's OTCQB application and coordinated the successful clearance of its Form
211, helping position the company for enhanced visibility and market access in
the U.S. All principals of Donohoe Advisory are former NYSE, Nasdaq, and OTC
Markets officials.

 

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