"We are moving decisively to advance the Ampasindava project forward as quickly as possible, especially given the current backdrop of geopolitical tensions with regard to trade tariffs and tightening export controls around heavy rare earth and NdFeB magnet materials.

"Completing the initial prefeasibility study will bring us a step closer to supplying an independent, near term source of magnet metals into international markets - with a strong focus on technical viability, cost-efficiency, and responsible development."

Joe Belladonna, Managing Director, Harena Resources (HREE).