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Citius Resources PLC ( (GB:HREE) ) has shared an announcement.
Harena Resources PLC is advancing its Pre-Feasibility study for the Ampasindava Rare Earths Project in Madagascar, focusing on securing a strategic supply of critical magnet metals amid escalating geopolitical tensions. The study aims to develop an environmentally responsible and geopolitically neutral supply chain for magnet metals, crucial for the defense, energy, and technology sectors. The project design emphasizes high-grade zone mining, reagent efficiency, and low-impact processing, with plans to submit the study to the Mining Cadastre Office by Q3 2025. The logistical strategy prioritizes seaborne and airborne transport to mitigate the challenges posed by Madagascar’s underdeveloped road infrastructure.
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 Resources is a rare earths exploration and development company focused on the Ampasindava Ionic Clay Rare Earth Project in Madagascar, where it holds a 75% interest. The project is notable for hosting one of the largest ionic clay rare earth deposits outside of China, with significant concentrations of high-value magnet metals. Harena is dedicated to low-impact, high-recovery mining, aiming to provide a sustainable supply of critical minerals for global energy transition and military defense industries.
YTD Price Performance: -44.17%
Average Trading Volume: 1,017,710
Technical Sentiment Signal: Buy
Current Market Cap: £6.93M
For an in-depth examination of HREE stock, go to TipRanks’ Stock Analysis page.