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Citius Resources PLC ( (GB:HREE) ) has issued an update.
Harena Rare Earths has completed the previously announced £450,000 equity investment from RAB Capital Holdings and its associates through the issuance of 30 million new ordinary shares at 1.5 pence each, with the shares expected to be admitted to trading on the main market of the London Stock Exchange around 20 January 2026. Following admission, RAB Capital is set to hold nearly 9.8% of Harena’s enlarged share capital, and the company’s total voting rights will increase to 592.65 million shares, a development that modestly broadens its shareholder base and may enhance its financial flexibility as it advances the Ampasindava rare earth project in Madagascar.
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, which are critical for neodymium magnets used in the global energy transition, defence and robotics sectors. The company emphasises low-impact, high-recovery mining to provide a sustainable supply of these critical minerals.
Average Trading Volume: 1,801,891
Technical Sentiment Signal: Sell
Current Market Cap: £9.57M
See more data about HREE stock on TipRanks’ Stock Analysis page.