Harena Rare Earths Eyes U.S. Rare Earth and Uranium Permits in Strategic Expansion

The latest announcement is out from Citius Resources PLC ( (GB:HREE) ).

Harena Rare Earths Plc, a London-listed rare earths explorer advancing the large Ampasindava ionic clay project in Madagascar, focuses on supplying high-value magnet metals for energy transition, defence and robotics markets. The company emphasises low-impact, high-recovery mining to support sustainable, diversified rare earth supply outside China.

The company has entered into an exclusivity agreement to assess acquiring Paradigm Critical Minerals, which holds heavy rare earth and uranium exploration permits in San Bernardino County, California. The potential deal would give Harena exposure to one of the U.S.’s most established mining districts near MP Materials’ Mountain Pass mine, adding high-grade rare earth and uranium upside in support of U.S. critical minerals strategy, though completion remains subject to due diligence and definitive terms.

Historical work on the California assets, originally a gold-silver operation, indicates strong geological potential, with over 4,200 metres of drilling showing intrusion-related uranium systems and more recent sampling identifying both light and heavy rare earth mineralisation. Harena views the underexplored permits, which have delivered notably high uranium grades and elevated heavy rare earth values, as an opportunity to rapidly advance a high-grade U.S. rare earth and uranium project and broaden its international critical minerals portfolio.

Spark’s Take on HREE Stock

According to Spark, TipRanks’ AI Analyst, 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 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 hosts one of the largest ionic clay rare earth deposits outside China, with significant concentrations of high-value magnet metals such as neodymium, dysprosium and praseodymium, targeting demand from energy transition, defence and robotics sectors.

The company is committed to low-impact, high-recovery mining methods aimed at providing a sustainable supply of critical minerals. Its strategy aligns with global efforts to secure resilient rare earth supply chains, particularly for neodymium-iron-boron magnet production and other advanced technology applications.

Average Trading Volume: 2,358,771

Technical Sentiment Signal: Buy

Current Market Cap: £27.34M

For detailed information about HREE stock, go to TipRanks’ Stock Analysis page.