Member Info for Slogg

Been offered 3.12 on 1.5m shares as a dummy trade ?

Nothing I’m aware of. Tbh there’s been some major buying/transferring of shares recently but obviously the markets are in a bit of turmoil and we seem to have been hit hard this week. Agree it’s a great opportunity to buy at this depressed level. They are fully financed till the end of the year and there’s lots more news pending so think we will see it move upwards. Unfortunately with little volume it can move sharply but has the potential to obviously move upwards very quickly too. Let’s hope so. I’m holding a large holding and looking for much higher as it’s undervalued at the moment with large upside potentially.

AIMO as always. GLTA holders

There’s certainly enough demand out there without any wars tbh but appreciate the sentiment and it definitely has an affect.

My personal opinion is that if they prove what they have your estimate of value is actually on the low side, some might think I’m me being over optimistic but Id genuinely be disappointed if it isn’t a lot higher. Time will tell. Sure you won’t complain if I’m right though lol.

Tbh your prediction before was on the button so perhaps your more clued up than me 👍

AIMO as always GLTA

I think many have neglected to consider the scale, yep there’s a proven JORC resource of 699M t at 868 ppm TREO (606k t TREO) which is fabulous by itself but Harena own a considerable amount more acreage. I appreciate it’s not all viable for mining and there’s a bit of work to prove it but there’s a vast amount of land that isn't even in the equation yet, and of similar geology. I think if you forgive the pun but we’re only scraping the surface, there’s huge upside potential to expand further than 20 years. They actually mention 100 years + in earlier literature (do think that’s a bit optimistic but who knows - nobody yet tbh) . The potential for investors for future growth or for a larger player or players to come in and buyout the company is what really excites me about Harena. The flexibility to expand the concentrate volume whether it be annually or if they wish to have a low cost mining facility that brings feed stock for a longer period must have put this on the radar of a few companies. I’ve said before I’d be surprised if they don’t get bought out

and stand by it, theres a few obvious companies out there that will be sitting up and taking notice I’m sure.

AIMO as always GLTA who invest. Do see exciting times ahead.

No problem. Happy for you to share, the importance of this relates to a number of companies at all at different stages. Hopefully both do well and those invested see the huge potential this brings.

Just for reference Ampasindava is an ionic adsorption clay deposit, which is one of the cheapest rare-earth mining styles.

Why it’s low cost:

• No hard-rock crushing

• No flotation plant

• Shallow mining

• Simple leaching methods

Compared with hard-rock projects like MP Materials or Lynas Rare Earths, ionic clay extraction can have:

• much lower capex

• simpler processing

• lower operating costs

GLTA. AIMO as always.

We look to be coming into production at EXACTLY the right time:

https://rareearthexchanges.com/news/from-dysprosium-to-deterrence-rare-earth-element-supply-chains-vulnerability-in-great-powers-era-2-0/?utm_source

What the DFARS 252.225-7052 Update means and the pressure is just building and building with time running out.

Starting January 1, 2027:

• The U.S. Department of Defense (DoD) cannot purchase magnets (samarium-cobalt or neodymium-iron-boron) if any part of the supply chain originates in “covered countries”: China, Russia, Iran, North Korea.

• This includes mining, refining, separation, or production of the magnet materials.

• In practice, this creates a requirement for fully non-covered, ex-China supply chains for strategic defense magnets.

Effect: The DoD and other U.S. agencies will prioritize secure sources for neodymium-praseodymium (NdPr), dysprosium (Dy), and terbium (Tb).

So, Ampasindava could supply fully DFARS-compliant heavy and magnet rare earths.

Still think we will be bought out prior to getting to production at multiples of the current mcap.

AIMO as always. GLTA long term, new and those looking for a very good investment opportunity of the future. I’m not selling anything and just buying more on market dips.

Constructive session for Harena today following yesterday’s move.

What stood out was how well the stock absorbed volume — the 4.00 area was repeatedly defended and even the larger prints failed to force any real breakdown. That’s typically the kind of behaviour you want to see if a move is building rather than fading.

The company has already indicated it is targeting updates by month-end on both the mining licence upgrade and the ongoing DFC discussions so there is clearly a defined near-term news window and lots to look forward to.

I took the opportunity to add a top-up earlier today

and now over 3m shares on my way to 5m all going well. If we start to see sustained trades above 4.10–4.12, the chart looks like it could open up given the relatively light overhead.

Still needs confirmation, but the setup is looking increasingly interesting and although it’s just starting to catch attention which tbh was only a matter of time I still believe there’s a long way to go for Harena.

GLTA new and long term holders. AIMO as always

Harena coming out very strong in the latest interview.

Sounded very confident around the new strategic investors, and importantly the offtake discussions continue to move in the right direction. Still early days, but the commercial pieces are clearly starting to line up.

The shift from PFS toward DFS is another key step forward. If they can keep momentum here and deliver the funding clarity they’re targeting by the end of this quarter, the story materially de-risks from here and would have a very positive impact on the market cap.

For me the big picture hasn’t changed — large-scale ionic clay REE asset, strengthening strategic interest, and improving visibility on development milestones.

Plenty still to execute, but the direction of travel is definitely positive.

Well worth watching. GLTA AIMO as always.

Emailed Herena as they are prompt in replying and got this email back just to clarify.

Hi.

Marex completed the acquisition of Winterfloods today so there’s been a name change which means on the market making book you don’t have Marex as trading in our stock as it’s now called Winterfloods- they remain our broker / advisor.

Kind regards

Big confidence boost for Harena: Big news that Gregory ‘The Wizard of Oz’ Coffey is now on the register at ~10%! For those who follow resource investing, this is huge — Coffey has a long track record of spotting early-stage, high-upside mining opportunities that others overlook. He doesn’t dabble; he takes meaningful stakes after serious due diligence.

Having him involved gives Harena serious credibility Adding to this, Matthew Press joins with ~3.5%, providing additional smart-money. Together, they strengthen Harena. Historically, when Coffey shows conviction like this, it often attracts further institutional attention. Definitely one to watch — he’s one of the sharpest resource investors around.

GLTA - certainly increases confidence in Harena

Yep, decent week. We should find out at the beginning of the week who the £2m investor is — that’ll be very interesting. It’s still flying under the radar as perhaps some are concentrating elsewhere, which I’m happy about, as I topped up a bit again on Friday.

Demand for this rare earth mix is only going one way. Offshore wind turbines are getting bigger, EV motor adoption is rising, and automation/robotics are expanding ( a bit like Tomorrow s World giving my age away here)— all driving higher need for NdFeB magnets, and critically Dy/Tb.

I take a disciplined, detail-driven approach to the companies I invest in. I’ve had some strong amazing successes and a few disappointments (fortunately fewer), but I always focus on the data. There’s potential to improve recovery rates over time as new processing techniques are assessed during pilot and proof-of-concept stages. There’s a few pilots etc at the moment giving higher % recoveries that I feel could be incorporated that actually improve the ecological side as well.

A huge amount of work has already been done at Ampasindava — thousands of pits and tens of thousands of samples — giving a solid geological foundation. Early testwork highlights zones with strong concentrate potential.

Personally, I see a very promising trajectory here and one that will gather pace once the news is fully absorbed, management have a decent holding too and there’s relatively low free float ,— but as always, DYOR. There’s a surprising amount of information out there if you dig into the technical material (pun intended). GLTA AIMO as always.

The FT story is mainly about marginal projects in higher-cost regions — Paraguay is structurally lower cost. That distinction is important has clearly not been understood.

The delay in getting over the line is a frustration one but sure we will get there and happy to hold. Great opportunity to buy up more tbh.

GLTA. AIMO.

Trekmadone - yep been doing the same yesterday and today as didn’t expect it to drop but fills up the war chest. Think the 2m buyers identity could be material to the share price. If you look at others who have had similar announcements they have gone up significantly and there are so many more catalysts to come.

In touching distance of 3m share holding but plan to keep buying to around the 5 mark if positive news continues.

Even on the information we have so far it should have a mcap over 25m.

GLTA. AIMO as always. Let’s see what the TR1 brings

It was 4.3m warrants. It’s a tiny 1.2% dilution. Tbh I don’t really see much of a problem. It’s also brought in cash to move things along.

AIMO.

£2m secured at no discount and no further warrants from a prominent investor — not many juniors can say the same in this market. Plenty out there would give their right arm for funding on these terms. Strengthens the balance sheet and keeps Ampasindava advancing. Smart money doesn’t usually arrive by accident.

GLTA.

Post-tax NPV10 up to US$464m

🔸LOM free cash flow up to US$2.6bn

🔸~4,000 tpa TREO over a 20-year mine life

🔸Clear pathway toward DFS & permitting.

Recent £2m raise from a prominent international investor - Priced at the bid - no discount to market.

🔸Funds support Ampasindava development, US DFC engagement & working capital

🔸World-class ionic clay rare earth project

Lots of news to come

As posted on X by Harena.

GLTA new and long term holders

What’s notable is we’re beginning to see other parties taking positions, which usually happens ahead of broader market recognition. Smart money tends to move early in strategic critical minerals.

Still early stage, so execution is key — but the optionality vs current valuation looks increasingly compelling to me.

Early-stage, yes — but strategically well positioned in one of the most supply-constrained parts of the critical minerals space.

At the current market cap, the project still looks largely “optionality priced.” If management delivers steady technical and financial de-risking the scope for a meaningful re-rate is obvious. There are numerous catalysts in the near to mid term to look forward too.

I believe the recent 2m investment will be hugely important and the fact that there was no discount is a clear sign. Very interested to hear later this week who the buyer is and believe the market cap of Harena will be multiples of what it is now by the end of the year if not sooner.

DYOR. This could take off anytime

Page 10 — Pre-production capital cost estimate of US$142 million, including 25% in EPCM

(engineering, procurement and construction management) and funding costs

Those bullet points in Harena’s media release are also quite telling:

• External validation from recognised investor

• Reinforces project strategic positioning

• Enhances funding pathway credibility

• Supports engagement with development financiers

• Improves balance sheet flexibility

That looks to me to be more strategic finance language, not typical wording for a passive retail subscription.

If this were just an individual putting £2m in for exposure, you’d usually see simpler messaging around working capital. The emphasis here is on validation, strategic positioning, and development finance engagement suggesting the investor potentially brings more than just capital.

Not saying we know who it is — but the framing feels aligned with institutional or strategic backing rather than casual money.

AIMO — but the wording looks deliberate.

Just a wee add in to avoid confusion

Just to clarify — if the holding is over 3% post-admission who’s is obviously is, we should expect a TR-1 anyway, so the name would become public in due course.

GLTA