Fundraise of £300,000

23 June 2025

Harvest Minerals Limited

("Harvest" or the "Company")

Fundraise of £300,000

Harvest Minerals Limited, the AIM listed organic fertilizer producer, is pleased to announce that it has raised gross proceeds of £300,000 through placing ("Placing") 100,000,000 new ordinary shares ("Placing Shares") of no par value at a placing price of 0.3p ("Placing Price"). The Company will issue one warrant per two Placing Shares, exercisable at 0.6p for a period of 2 years from Admission.

The Placing was undertaken by the Company's broker, Tavira Financial Limited ("Tavira").

Use of Proceeds

The net funds raised from the Placing will be used to advance the rare earths exploration at Arapuá and general working capital.

Brian McMaster, Chairman of the Company, commented:

"The positive results recently reported from Arapuá have given the Company confidence to sole fund and accelerate the next drilling phase of rare earths exploration. In addition, the Company has seen notable TiO2 intersections. These additional funds will now enable the Company to expand and incorporate further studies on the TiO2 potential of Arapuá."

Application to trading on AIM

The Placing is conditional on Admission. Application will be made to the London Stock Exchange for the 100,000,000 new Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 26 June 2025 ("Admission").

Total Voting Rights

Following the Placing, the total issued share capital of the Company will consist 389,169,217 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. 

On Admission, the abovementioned figure of 389,169,217 Ordinary Shares may be used by shareholders in the Company 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, Harvest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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