Business
Operational Update
Harena Rare Earths Plc has made significant progress with its Ampasindava Project, entering a formal application process with the U.S. International Development Finance Corporation for up to US$5 million in project development finance. Concurrently, the company has submitted its Pre-Feasibility Study to the Ministry of Mines of Madagascar, initiating a collaborative review process crucial for obtaining an Exploitation Permit. These developments, alongside an interview summarizing 2025 progress and outlining 2026 plans, indicate positive momentum in financing, permitting, and project development. Disclaimer*
About this update from Harena Rare Earths Plc
[{"type":"text","content":"\n\n18 December 2025\n \nHarena Rare Earths Plc\n(\"Harena\" or the \"Company\")\n \nOperational Update\n \nHarena 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\"), is pleased to provide an operational update regarding the Company's engagement with the U.S. International Development Finance Corporation (\"DFC\") and the submission of its Pre-Feasibility Study (the \"PFS\" or the \"Study\") for the Ampasindava Project.\n \nProject Financing - DFC Engagement\n \nFollowing recent meetings in Washington D.C. with the leadership of the DFC, Harena's Executive team has subsequently engaged with the DFC investment team. As a result of these discussions, the Company is now moving into a formal application process with the DFC for project development finance of up to US$5 million, intended to support the next phase of development activities at the Ampasindava Project.\n \nThe Company views this as an important step forward in advancing its project financing strategy and in building relationships with US government-backed development finance institutions.\n \nFurther information on the DFC can be found via its website.\n \nSubmission of Pre-Feasibility Study\n \nThe Company has completed the technical submission of its PFS and is now engaged in a collaborative and highly interactive review process with the Ministry of Mines of the Republic of Madagascar, to ensure the Study aligns with the Ministry's specific, prescribed formatting requirements.\n \nSubmission of the Study represents a key milestone for Harena as it progresses towards the award of an Exploitation Permit (the \"Permit\") for the Ampasindava Project.\n \nHarena remains focused on working closely with the Ministry to ensure alignment across both technical and commercial aspects of the Ampasindava Project as the Company makes good progress in its anticipated permitting timeline.\n \nExecutive Chairman Interview\n \nAdditionally, Ivan Murphy recently participated in a VOX Markets video interview summarising the Company's progress over 2025 and outlining Harena's next steps in 2026, including permitting, financing and project development activities.\n \nThe interview is available to view via...