IN BRIEF: Harena Rare Earths 6-mo loss widens as eyes US acquisition
Harena Rare Earths PLC - developing Ampasindava ionic clay rare earth project in northern Madagascar - Pretax loss widens to GBP3.1 million in the financial half-year that ended December 31 from GBP674,920 a year before. Harena has no revenue, so the wider loss was due to higher administrative expenses, rising to GBP3.1 million from GBP301,897. The company holds GBP599,567 in cash as of the end of 2025, up from GBP8,418 a year before, and says it expects to have "adequate resources to continue in operation" for at least 12 months. Earlier this month, Harena said it had entered an exclusivity agreement for the potential acquisition of a 100% interest in Paradigm Critical Minerals Ltd, an owner of heavy rare earth and uranium exploration assets in San Bernardino County, California. Read More