RNS Start of Cross-Trading on OTCQB Venture Market18 Nov 2025 07:14
Harena Rare Earths Plc
("Harena" or the "Company")
Start of Cross-Trading on OTCQB Venture Market
Appointment of U.S. Broker and Financial Advisor
Harena Rare Earths 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 that its ordinary shares of 0.5 pence each ("Ordinary Shares") have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States (the "U.S.") and will commence cross-trading on the OTCQB at market open today under the ticker symbol "OTCQB: CRMNF". The Company continues to maintain its primary quotation on the London Stock Exchange's Main Market (the "Main Market").
The OTCQB, recognised by the U.S. Securities and Exchange Commission as an Established Public Market, serves as a leading platform for both domestic and international growth-stage companies. Admission to the OTCQB requires companies to maintain up-to-date financial reporting, meet minimum bid price criteria, and complete an annual verification and management certification process. Harena was advised during the admission process by Donohoe Advisory Associates LLC ("Donohoe Advisory").
The Company believes that cross-trading on both the Main Market and the OTCQB will not only increase liquidity in its shares, thanks to a broader pool of investors, but will also provide investors in the United States with easier access to trading in Harena's ordinary shares.
Harena has seen considerable investor interest from the U.S. and given the Company's strategic focus on the U.S. market for the procurement of its rare earth deposits, the OTCQB market offers the Company strong synergies as it looks to further the development of the Ampasindava Project.
Appointment of Siebert as U.S. Broker and Financial Adviser
As cross-trading on the OTCQB market will now be initiated, Harena has appointed Siebert Financial Corporation ("Siebert") as the Company's U.S. broker and financial advisor.
The board of directors of Harena (the "Board" or the "Directors") believes that the appointment of Siebert is an important step in broadening access to U.S. investors and supporting the effective promotion of the Company's shares in the U.S.
Siebert (NASDAQ: SIEB) is a publicly traded broker-dealer in the U.S. with approximately US$20 billion in assets under management through its retail advisors. Headquartered in Miami, Siebert's investment banking practice provides advisory and financing solutions to a broad range of industries with major offices in New York, Washington DC and Los Angeles, and a presence in more than ten additional U.S. locations.
Ivan Murphy, Executive Chairman of Harena, said:
"The ever-growing demand for critical minerals from the U.S. and the focus on breaking its reliance on China makes it a key market for Harena. As such, the initiation of Harena's cross-tradi
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