Harena Rare Earths Company Homepage (HREE)

Harena Resources, formerly Citius Resources, made its debut on the London Stock Exchange’s Main Market on Friday 21 March following the completion of its acquisition of Harena (via a Reverse Takeover transaction) giving it a 75% controlling interest of the Ampasindava Ionic Clay Rare Earth Project in Madagascar.

This project is believed to be one of the largest ionic clay rare earth deposits outside China, with a JORC-compliant resource of nearly 700 million tonnes. End applications for its minerals - neodymium, praseodymium, dysprosium and terbium - include EVs, wind turbines and even fighter jets.

Reasons to add HREE to your Watchlist:

• Experienced management team with significant holdings in HREE

• Post RTO of Citius Resources in March 2025, HREE is the only LSE-listed ionic clay REE project

• 100% ownership of the Ampasindava Project in Madagascar

• Ampasindava is a major ionic clay rare earth deposit with a 698Mt JORC-compliant resource

• Ampasindava contains the key elements of NdPr (67%), DyTb (30%) essential for high-performance materials for EVs, wind turbines and defence

• Offtake term sheet secured with US-based United Rare Earths

• Strong investment dynamics due to rising international tensions and security of supply issues with China

• Demand for rare earth elements is outpacing supply and geopolitical factors are influencing prices

• Harena is advancing Pre-Feasibility Study, Environmental & Social Impact Assessment, and strategic partnerships to support future production

• Committed to a zero-harm environmental model utilising an ESG-compliant, simple mining process