Citius Resources PLC (GB:CRES) has released an update.
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Citius Resources PLC has announced its annual report for the year ending April 2024, highlighting a significant move towards acquiring Harena Resources Pty Ltd, which owns a large stake in Madagascar’s Ampasindava Rare Earths Project. This strategic acquisition is set to redefine Citius as it aims for a re-admission to the London Stock Exchange, promising potential value creation in the precious and base metals sector. Despite challenging market conditions, the company is optimistic about future growth prospects.
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