REG - Harena Resources PLC - Holding(s) in Company

Harena ResourcesAnnouncement

23/04/2025 14:15

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RNS Number : 9043F  Harena Resources PLC  23 April 2025

 

23 April 2025

 

Harena Resources Plc

 

("Harena" or the "Company")

 

Holdings in the Company

 

Harena Resources Plc (LSE: HREE), the rare earths exploration and development
company focused on the 75% owned Ampasindava Project in Madagascar (the
"Project") has been advised that existing shareholder RAB Capital, who
previously owned 6,900,000 shares in the Company, has today purchased a
further 15,994,387 Harena Resources shares, at a price of 1.5p pence per
share, representing an enlarged holding of 5.53% of the current issued share
capital. The purchase was from a number of shareholders that received shares
in lieu convertible loans at the time of the reverse takeover in March 2025.
 As disclosed in the Prospectus, these shareholders were subject to an
orderly market arrangement and the Company has now successfully completed a
block trade to enable those shareholders to comply with their orderly market
agreement and for RAB Capital to purchase the shares.

 

Joe Belladonna, Managing Director, commented:

"I would like to thank specialist mining investor RAB Capital, who now become
one of our largest shareholders, for its continued support. At this time of
geopolitical tension and critical minerals controls, we are already starting
to witness a rise in pricing of a number of rare earth elements. Ampasindava
is already one of the largest ionic clay Rare Earth projects globally and its
situation in the neutral jurisdiction of Madagascar should further heighten
the appeal of the project to future potential partners. We look forward to
providing further updates to the market as we progress the Project."

 

Philip Richards, Founder and Director of RAB Capital, commented:

"This is an exciting rare earth project in a safe jurisdiction and with
considerable past expenditures on the resources. The coastal location should
prove optimal for seaborne logistics and international markets."

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                      +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/HarenaResources (http://www.x.com/HarenaResources)
 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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