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Citius Resources PLC ( (GB:HREE) ) has issued an announcement.
Harena Rare Earths Plc has made significant advancements in its Ampasindava Project in Madagascar, including submitting the project’s Pre-Feasibility Study (PFS) for review by Madagascar’s Ministry of Mines. This submission represents a major milestone towards acquiring an exploitation permit and demonstrates ongoing progress in technical and commercial alignment with the government. Simultaneously, the company has entered a formal application process with the U.S. International Development Finance Corporation for up to $5 million in project development funding. These developments signal meaningful progress in securing financing and advancing permitting for the project, enhancing Harena’s positioning within the rare earths industry. Stakeholders and the broader market anticipate further updates as Harena progresses in 2026.
Spark’s Take on GB:HREE Stock
According to Spark, TipRanks’ AI Analyst, GB:HREE is a Underperform.
Citius Resources PLC faces critical financial and technical challenges, with no revenue and poor market indicators dominating the outlook. While positive corporate events suggest potential upside, these factors are overshadowed by the company’s ongoing financial distress and negative technical trends.
To see Spark’s full report on GB:HREE stock, click here.
More about Citius Resources PLC
Harena Rare Earths Plc is a rare earth exploration and development company focused on the Ampasindava Ionic Clay Rare Earth Project in Madagascar. The project boasts one of the largest ionic clay rare earth deposits outside of China, with rich concentrations of critical metals like neodymium (Nd), dysprosium (Dy), and praseodymium (Pr). These metals are essential for technologies such as NdFeB magnets, which are crucial in the global energy transition, military defense, and robotics industries. The company is committed to sustainable and efficient mining practices.
Average Trading Volume: 2,996,585
Technical Sentiment Signal: Sell
Current Market Cap: £9.85M
For an in-depth examination of HREE stock, go to TipRanks’ Overview page.