Harena Rare Earths - White House Critical Minerals Announcement
Released
Released
Announcement PDF
RNS Number : 9548P
Harena Rare Earths PLC
10 August 2026
10 August 2026
Harena Rare Earths plc
("Harena", or the "Company")
Harena Featured in White House Critical Minerals Announcement
Harena Rare Earths plc (LSE: HREE, OTCQB: CRMNF), the rare earths company progressing the Ampasindava ionic
clay project in Madagascar (the "Ampasindava Project" or "Project"), is pleased to note that its recently
announced US$4.84 million Project Development Funding Agreement with the U.S. International Development
Finance Corporation ("DFC") has been highlighted in an official White House Fact Sheet issued following the
American Mining Industry Event at the U.S. Department of State.
The White House Fact Sheet identifies Harena's Ampasindava Project as part of a broader package of initiatives to
strengthen U.S. critical mineral supply chains and secure key inputs for American manufacturing.
Separately, the DFC describes the funding as its first mining investment in Madagascar, stating it will advance a
strategically important source of rare earth elements for U.S. advanced manufacturing while adding Harena to its
strategic rare earth portfolio alongside Serra Verde and Aclara.
The DFC funding will support permitting, environmental and social programmes, pilot plant development and
other technical work as Harena advances Ampasindava towards production.
Together, the White House and DFC announcements reinforce Ampasindava's strategic importance as
governments increasingly prioritise secure, diversified critical mineral supply chains.
The full White House Fact Sheet and DFC announcement can be accessed via the links below. Extracts from the
DFC announcement are reproduced below.
Ben Black, Chief Executive Officer of DFC, said:
"President Trump is looking out for the American people and has made securing our critical mineral supply chains
a national priority. Through projects like Harena, DFC is helping expand America's access to these essential
materials and providing our partners transparent, high-quality financing alternatives. DFC is proud to support
investments that strengthen U.S. economic security and create lasting economic opportunity for both the United
States and Madagascar."
Ivan Murphy, Executive Chairman of Harena, said:
"This investment by the U.S. government through the DFC is a huge endorsement of the quality of our ionic clay
rare earth project in Madagascar. We are deeply grateful to Ben Black and Conor Coleman for their leadership of
DFC, as well as to the teams with whom we have had the pleasure of working. We are honoured to be playing our
part to alleviate the chronic shortage of magnet metals and heavy rare earths and to increase mineral security for
the United States and its partners."
Read the full announcements
White House Fact Sheet https://www.whitehouse.gov/briefings-statements/2026/08/fact-sheet-president-
donald-j-trump-announces-billions-in-new-deals-and-investments-to-power-american-mining/
U.S. DFC Announcement https://www.dfc.gov/media/press-releases/dfc-announces-financing-madagascar-rare-
earths-project
For further information, please contact:
Harena Rare Earths Plc +44 (0)20 7770 6424
Ivan Murphy, Executive Chairman
Allan Mulligan, Executive Technical Director
SP Angel - Broker
Ewan Leggat (Corporate Finance)
+44 (0)20 3470 0470
Marex Financial - Corporate Advisor
Angelo Sofocleous / Matt Bailey (Broking)
+44 (0)20 7655 6000
corporate@marex.com
Celicourt Communications - Public Relations
Mark Antelme / Charles Denley-Myerson
+44 (0)20 7770 6424
harena@celicourt.uk
Investor questions on this announcement
We encourage all investors to share questions
on this announcement via our investor hub
https://harenaresources.com/link/rJEKde
Subscribe to our news alert service: https://hree-l.investorhub.com/auth/signup
Notes to Editors
Harena Rare Earths plc
Harena (www.harenaresources.com) is a rare earths exploration and development company focused on the
Ampasindava Ionic Clay Rare Earth Project in Madagascar (Harena's interest is 100%). The project hosts one of the
largest ionic clay rare earth deposits outside of China, with significant concentrations of high-value magnet
metals, specifically heavy rare earths, including neodymium (Nd), dysprosium (Dy), and praseodymium (Pr), which
are critical for the composition of neodymium magnets (NdFeB). Harena is committed to low-impact, high
recovery mining, providing a sustainable supply of critical minerals for the global energy transition and military
defence industries as well as meeting the ever-growing demand for NdFeB from the robotics sector.
Development Finance Corporation (DFC)
The United States International Development Finance Corporation (DFC) is the international investment arm of
the United States Government and central to U.S. economic statecraft. DFC mobilizes private capital to advance
U.S. foreign policy and economic development. Our investments deliver strong returns for American taxpayers,
drive meaningful economic development for our allies and partners, and secure supply chains to counter and
outcompete our adversaries.
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