Harena Resources PLC - rare earths exploration and development company focused on the Ampasindava ionic clay rare earth project in Madagascar - Citius Resources PLC announces the completion of its acquisition and reverse takeover of Harena. Completion includes the admission of its enlarged share capital of 413.9 million ordinary shares at an issue price of 3 pence each. Company will officially change its name to Harena once this has been processed by Companies House. Friday marks Harena’s first day of trading under its new name. Harena, which has a 75% interest in Ampasindava, says near-term milestones include increasing that ownership; completing a feasibility study and environmental impact social assessment; and advancing negotiations for more offtake agreements.

‘We are thrilled to complete the reverse takeover of Citius Resources and bring Harena Resources to the London Stock Exchange,’ comments Managing Director Joe Belladonna. ‘Our Ampasindava Project is a globally significant ionic clay rare earth deposit, positioned at the heart of growing Western demand for critical minerals. With military, AI, and renewable energy applications driving rare earth demand, Harena offers the potential for low-cost, geopolitically neutral supply of the key rare earth elements. Our successful listing reflects strong investor interest in secure, ex-China rare earth supply chains, and we are excited to execute our near-term milestones to drive shareholder value.’

Current stock price: closed at 2.25p in London on Friday

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