16th Jan 2026 07:00
16 January 2026
Harena Rare Earths Plc
("Harena" or the "Company")
Completion of Investment by RAB Capital Holdings Limited
Change in Total Voting Rights
Harena Rare Earths Plc (LSE: HREE) (OTCQB: CRMNF), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar (the "Ampasindava Project"), announces the issue of new ordinary shares to complete the £450,000 investment into the Company by RAB Capital Holdings Limited and associates ("RAB Capital").
On 1 October 2025, the Company announced a conditional subscription (the "Subscription") by RAB Capital for 30,000,000 new ordinary shares of £0.005 each in the Company (the "Subscription Shares") at a price of £0.015 per Subscription Share. The proceeds from the subscription were received by the Company in October 2025 pursuant to the Subscription Agreement and following the passing of the requisite resolutions by shareholders at the Company's annual general meeting on 4 December 2025 and with the new Prospectus Rules coming into effect, the Company will now proceed with the issue of the Subscription Shares to RAB Capital.
Accordingly, an application has been made by the Company for the 30,000,000 Subscription Shares to be admitted to trading on the main market of the London Stock Exchange ("Admission") and Admission is expected to take place at 8.00 a.m. on or around 20 January 2026.
Following Admission RAB Capital is expected to hold 58,250,959 ordinary shares of £0.005 each in the Company, representing approximately 9.8 per cent of the Company's then issued share capital.
Total voting rights
Immediately following Admission, the Company will have 592,651,018 ordinary shares of 0.5 pence each in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of ordinary shares in issue and voting rights will be 592,651,018 and this figure may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Harena Rare Earths Plc Ivan Murphy, Executive Chairman Allan Mulligan, Executive Technical Director
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+44 (0)20 7770 6424
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Allenby Capital Limited - Financial Adviser & Joint Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Amrit Nahal / Kelly Gardiner (Sales & Corporate Broking) |
+44 (0)20 3328 5656 [email protected] |
SP Angel Corporate Finance LLP - Joint Broker Ewan Leggat / Josh Ray (Corporate Finance)
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+44 (0)20 3470 0470 |
Marex Financial - Corporate Adviser Angelo Sofocleous / Keith Swann / Matt Bailey (Broking) |
+44 (0)20 7655 6000 |
Muriel Siebert & Co. - US Financial Adviser & Broker Ajay Asija, Co-Head of Investment Banking |
+1 (917) 902 7823 [email protected] |
Celicourt Communications - Public Relations Mark Antelme / Charles Denley-Myerson |
+44 (0)20 7770 6424 |
Notes to editors
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.
Related Shares:
Harena Rare Earths