Harena Resources PLC - Holding(s) in Company
Released
Released
Announcement PDF
RNS Number : 9043F
Harena Resources PLC
23 April 2025
23 April 2025
Harena Resources Plc
("Harena" or the "Company")
Holdings in the Company
Harena Resources Plc (LSE: HREE), the rare earths exploration and development company focused on the 75%
owned Ampasindava Project in Madagascar (the "Project") has been advised that existing shareholder RAB
Capital, who previously owned 6,900,000 shares in the Company, has today purchased a further 15,994,387
Harena Resources shares, at a price of 1.5p pence per share, representing an enlarged holding of 5.53% of the
current issued share capital. The purchase was from a number of shareholders that received shares in lieu
convertible loans at the time of the reverse takeover in March 2025. As disclosed in the Prospectus, these
shareholders were subject to an orderly market arrangement and the Company has now successfully completed a
block trade to enable those shareholders to comply with their orderly market agreement and for RAB Capital to
purchase the shares.
Joe Belladonna, Managing Director, commented:
"I would like to thank specialist mining investor RAB Capital, who now become one of our largest shareholders, for
its continued support. At this time of geopolitical tension and critical minerals controls, we are already starting to
witness a rise in pricing of a number of rare earth elements. Ampasindava is already one of the largest ionic clay
Rare Earth projects globally and its situation in the neutral jurisdiction of Madagascar should further heighten the
appeal of the project to future potential partners. We look forward to providing further updates to the market as
we progress the Project."
Philip Richards, Founder and Director of RAB Capital, commented:
"This is an exciting rare earth project in a safe jurisdiction and with considerable past expenditures on the
resources. The coastal location should prove optimal for seaborne logistics and international markets."
Contact
Harena Resources
www.harenaresources.com.au
Joe Belladonna/Allan Mulligan
+44 (0)1624 681 250
info@harenaresources.com.au
Tavira Financial
+44 (0)20 7330 1833
Jonathan Evans/Oliver Stansfield
Flowcomms (Investor Relations)
+44 (0) 7891 677 441
Sasha Sethi
sasha@flowcomms.com
Twitter
www.x.com/HarenaResources
LinkedIn
www.linkedin.com/company/harenaresources
Notes to Editors
Harena Resources is a rare earths exploration and development company focused on the Ampasindava Ionic Clay
Rare Earth Project in Madagascar (Harena's interest is 75%). The project hosts one of the largest ionic clay rare
earth deposits outside of China, with significant concentrations of high-value magnet metals. 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.
Forward-Looking Statements This announcement contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from those expressed or implied in such statements.
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