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Citius Resources PLC ( (GB:HREE) ) has provided an announcement.
Harena Rare Earths has appointed Jack Allardyce as interim chief financial officer, adding a seasoned natural resources finance executive to strengthen its capital markets and corporate finance capabilities as it advances its flagship Ampasindava rare earth project. The company has also brought in Marex as corporate adviser, with a focus on institutional marketing, trading support and access to US capital markets, and SP Angel as joint broker to lead UK equity research and investor marketing, moves that are intended to broaden its investor base and support its growth ambitions in both the UK and US as it develops one of the largest ionic clay rare earth deposits outside China.
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 100%-owned Ampasindava ionic clay rare earth project in Madagascar. 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, which are critical for neodymium magnets used in the global energy transition, military defence and robotics sectors. The company emphasises low-impact, high-recovery mining to provide a sustainable supply of these critical minerals.
Average Trading Volume: 2,423,308
Technical Sentiment Signal: Strong Sell
Current Market Cap: £9M
For an in-depth examination of HREE stock, go to TipRanks’ Overview page.