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An update from Citius Resources PLC ( (GB:HREE) ) is now available.
Harena Rare Earths has secured a conditional £2 million equity subscription from a prominent international investor, issuing 90,909,090 new shares at 2.20 pence each under existing share allotment authorities. The new shares are expected to be admitted to trading on the London Stock Exchange’s Main Market around 23 February 2026, pending admission.
The company plans to use the net proceeds to continue development of its Ampasindava rare earth project in Madagascar, support its ongoing engagement with the U.S. International Development Finance Corporation and provide working capital. Management framed the investment as an endorsement of the scale and strategic importance of its rare earth asset, which aims to supply critical magnet metals into global energy, defence and robotics supply chains.
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 significant heavy rare earth magnet metals such as neodymium, dysprosium and praseodymium, targeting demand from energy transition, defence and robotics markets.
Average Trading Volume: 1,322,701
Technical Sentiment Signal: Buy
Current Market Cap: £13.63M
For detailed information about HREE stock, go to TipRanks’ Stock Analysis page.