REG - Harena Resources PLC - Appointment of Executive Chairman

Harena ResourcesAnnouncement

22/09/2025 07:00

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RNS Number : 0699A  Harena Resources PLC  22 September 2025

22 September 2025

 

Harena Resources Plc

("Harena" or the "Company")

 

Appointment of Executive Chairman

 

Harena Resources 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 the appointment of Ivan Murphy as Executive
Chairman with effect from 1 October 2025.

 

In his capacity as Non-Executive Chairman of Harena Ivan has led the Company's
recent financial restructuring and strategic repositioning. The board of
directors of Harena (the "Board" or the "Directors") are delighted to announce
that he will now transition into an executive leadership role to drive the
next phase of the Company's development. This will allow Executive Technical
Director, Alan Mulligan, to dedicate his efforts to the forthcoming licence
submission and the technical and environmental programmes required as the
Ampasindava Project advances towards production.

 

As Executive Chairman, Ivan will continue to focus on strengthening the
Company's engagement with existing and prospective stakeholders in the United
States as well as advancing the Company's strategy to access U.S. capital
markets. As part of this, and as announced on 16 September 2025, the Company
has commenced the process to publicly cross-trade on the OTCQB Venture market,
which is expected to provide the opportunity for U.S. investors to invest in
the Company.

 

The Board recognises the importance of broadening the executive team and this
process is underway. Updates on further executive appointments will be
provided in due course.

 

Ivan Murphy, Non-Executive Chairman of Harena, said:

 

"I look forward to transitioning to the role of Executive Chairman of Harena
having had such a long-standing relationship with the Ampasindava Project. In
addition, I look forward to working closely with the Board as we advance the
Ampasindava Project towards production. With a 600,000-tonne ionic clay,
free-dig, magnet metal heavy rare earth resource, Harena offers a unique and
strategic opportunity at a time when mineral security is increasingly
prioritised across the U.S. and the western world."

 

For further information please contact:

 

 Harena Resources Plc

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

 Allan Mulligan, Executive Technical Director

 Allenby Capital Limited - Financial Adviser & Joint 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)

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

                                                                (mailto:harena@celicourt.uk)
 Mark Antelme / Charles Denley-Myerson

 

Notes to editors

 

Harena (www.harenaresources.com.au (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. 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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