Harena Resources: Strategic Fundraising, Management Changes and Future Plans

Main-market listed Harena Resources (LSE: HREE) has raised approximately £1.05 million through a placing and appointed Ivan Murphy as Non-Executive Chairman as part of its ongoing post-reverse takeover (RTO) restructuring.

Murphy, who was also chairman of the previous owner of Harena’s Ampasindava ionic clay rare earth project in Madagascar, says the chance to re-engage with the project is ‘irresistible.’

In this interview, investors will learn:

• Why the company chose to raise five months after its RTO, and used a book build that excluded some investors

• How the funds assist Harena as it progresses pre-feasibility study submission and works towards mining license approval

• Who is making executive decisions after the management reshuffle

• What it is about Ampasindava that binds Murphy to the project he first engaged with 15 years ago

• Why the company is targeting potential partners from the U.S.

Ivan Murphy, Non-executive Chairman of Harena Resources, was interviewed for focusIR by Sarah Lowther.