REG - Harena Resources PLC - Further Investment from RAB Capital and associates

Harena ResourcesAnnouncement

01/10/2025 15:00

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RNS Number : 6835B  Harena Resources PLC  01 October 2025

01 October 2025

 

Harena Resources Plc

("Harena" or the "Company")

 

Further Investment from RAB Capital and associates

 

The Board of 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 terms for an investment of
£450,000 into the Company by RAB Capital and associates ("RAB").

 

The investment is structured as a conditional subscription (the
"Subscription") for the issuance of 30,000,000 new ordinary shares of £0.005p
each in the Company (the "Subscription Shares") at a price of £0.015 per
Ordinary Share.

 

This investment will increase RAB's shareholding in Harena from 4.17% to
approximately 9.02% of the Company's enlarged issued share capital.

 

The proceeds from the Subscription will be used for working capital to advance
the Ampasindava Project.

 

The issuance of the Subscription Shares is conditional, inter alia, upon the
renewal of the directors' authority to issue ordinary shares at the Annual
General Meeting of the Company in November 2025 and compliance with the
Prospectus Rules.  An application will be made in due course for the
Subscription Shares to be admitted to the Official List of the FCA and to
trading on the Main Market of the London Stock Exchange when the shares are
issued following the new Prospectus rules coming into effect (expected around
19 January 2026).

 

About RAB Capital

 

RAB Capital is a long-standing institutional investor with over 30 years of
experience of investing in the London-listed mining sector, with a history of
deploying capital in several successful rare earth companies over this period.

 

Ivan Murphy, Executive Chairman of Harena, commented:

 

"The Board is delighted to announce further funding from RAB Capital, led by
Philip Richards, one of London's longest-standing and most respected mining
investors. RAB has a strong track record of identifying value in the mining
sector and supporting companies with significant growth potential.

 

"This additional investment represents a strong endorsement of our strategy,
and we are pleased that RAB Capital has consolidated its position as one of
our leading investors. The funding provides increased financial security and
supports the continued advancement of our world-class ionic clay rare earth
project. We look forward to sharing further developments on our project with
our shareholders in due course."

 

Philip Richards, Chief Executive Officer of RAB Capital, commented:

 

"Harena is a globally strategic heavy rare earth resource and likely to
attract interest from US or other countries as they look to alternative
supplies of critical metals outside of China. The Ampasindava Project is
especially exciting given its deposits of specific heavy rare earths that are
key in the composition of neodymium magnets ("NdFeB") which are in growing
demand from the rapidly expanding robotics sector."

 

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 & 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,
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. 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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