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An update from Citius Resources PLC ( (GB:HREE) ) is now available.
Harena Rare Earths Plc, the London-listed developer of the Ampasindava ionic clay rare earth project in Madagascar, reported that its issued share capital currently comprises 683,560,108 ordinary shares of 0.5 pence each, with one voting right per share and no shares held in treasury. As a result, the company’s total voting rights stand at 683,560,108, a figure shareholders must now use when assessing whether they need to disclose holdings or changes in holdings under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The update provides investors and regulators with an accurate denominator for calculating ownership thresholds, ensuring transparency around significant stakes in the rare earths specialist. By clarifying its capital and voting structure, Harena supports regulatory compliance and enhances visibility for stakeholders tracking its position in the critical minerals sector.
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 earths exploration and development company focused on the Ampasindava ionic clay rare earth project in Madagascar, in which it holds a 100% interest. The project is described as one of the largest ionic clay rare earth deposits outside China, with high concentrations of heavy rare earth magnet metals such as neodymium, dysprosium and praseodymium, targeting demand from energy transition, defence and robotics industries through low-impact, high-recovery mining.
Average Trading Volume: 1,571,864
Technical Sentiment Signal: Buy
Current Market Cap: £19.82M
Learn more about HREE stock on TipRanks’ Stock Analysis page.