REG - Citius Resources PLC - Chairman's Statement

Harena ResourcesAnnouncement

24/03/2025 07:00

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RNS Number : 8324B  Citius Resources PLC  24 March 2025

 

24 March 2025

 

 

Citius Resources plc (to be re-named Harena Resources plc)

 

("Harena" or the "Company")

 

Chairman's Statement

 

It is a great honour for Harena Resources to commence the next stage of its
development as a London Stock Exchange-listed company. This milestone comes at
a time of significant shifts in the rare earths market, highlighting the
growing urgency for secure and diversified supply chains in the global context
for critical minerals.

On 20th March 2025, the President of the United States of America issued an
Executive Order mandating immediate action to enhance domestic mineral
production, recognizing the essential role of critical minerals in
transportation, infrastructure, defence, and emerging technologies. This move
reflects a broader international trend, with governments around the world
increasingly prioritizing secure, predictable, and sustainable access to these
essential resources. I believe that the Harena's Ampasindava Project, with its
existing large scale and defined rare earth element resource, is perfectly
positioned both geographically and in its stage of development to feed this
expanding market.

Harena Resources is well-placed to contribute to these global efforts through
strategic partnerships and responsible resource development. In particular,
Harena is focused on leveraging the US Supply Chain Resiliency Initiative, as
well as the Make More in America Initiative to support domestic US mineral
production, which coincides with Harena's 2024 non-binding offtake term sheet
agreed with United Rare Earths Inc, who are currently developing the Rare
Earths Centre of Excellence in Tennessee

These initiatives together with the Executive Order include a focus on
securing feedstock globally for the purpose of supplying critical minerals to
the US supply chains for both new energy and defence industries. As they
continue to develop, demand for supply will continue to intensify.

As part of our first 100-day plan, we will focus on:

·    Building strategic partnerships with key stakeholders across
multiple jurisdictions to advance supply chain security and responsible
mineral development.

·     Engaging with global initiatives that promote sustainable resource
extraction, processing, and long-term investment in critical minerals.

·  Strengthening collaboration with the Madagascan government, to align our
flagship Ampasindava project with national and international priorities.

We recognise the essential role critical minerals play in fostering long-term
global stability and economic development.

Finally, I would like to extend my sincere gratitude to our shareholders and
stakeholders for their ongoing support. Together, we are well positioned to
navigate this evolving landscape and deliver long-term value.

 

Contact

 Harena Resources                                    www.harenaresources.com.au (https://harenaresources.com.au/)
 Joe Belladonna/Allan Mulligan                       +44 (0)1624 681 250

                                                     info@harenaresources.com.au (mailto:info@harenaresources.com.au)

 Tavira Financial (Financial Adviser and Broker)     +44 (0)20 7330 1833

 Jonathan Evans/Oliver Stansfield

 Flowcomms (Investor Relations)                      +44 (0) 7891 677 441

 Sasha Sethi                                         sasha@flowcomms.com

 Twitter                                             www.x.com/HarenaRes (https://x.com/HarenaRes)
 LinkedIn                                            www.linkedin.com/company/harenaresources
                                                     (https://www.linkedin.com/company/harenaresources/)

 

 

Notes to Editors

 

Harena Resources is a rare earths exploration and development company focused
on the Ampasindava Ionic Clay Rare Earth Project in Madagascar (Harena's
interest is 75%). The project hosts one of the largest ionic clay rare earth
deposits outside of China, with significant concentrations of high-value
magnet metals. 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.

Forward-Looking Statements This announcement contains forward-looking
statements that involve risks and uncertainties. Actual results may differ
materially from those expressed or implied in such statements.

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