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Citius Resources PLC ( (GB:HREE) ) has shared an announcement.
Harena Resources Plc, formerly Citius Resources Plc, is strategically positioned in the rare earths industry, focusing on the Ampasindava Project in Madagascar. This project is notable for its large-scale ionic clay deposit, which contains significant concentrations of critical magnet metals essential for defence and renewable energy technologies. The company’s recent announcement highlights China’s new export controls on rare earth elements, underscoring the strategic importance of Harena’s resources. These controls increase the urgency for independent supply chains, particularly in defence and advanced technology sectors. Harena is advancing its project through feasibility studies and partnerships, aiming to provide a sustainable alternative to China’s dominance in rare earth processing.
Spark’s Take on GB:HREE Stock
According to Spark, TipRanks’ AI Analyst, GB:HREE is a Underperform.
Citius Resources PLC faces significant financial and technical challenges, with no revenue and poor market indicators. However, the positive corporate event regarding high-grade rare earth findings offers a potential future upside. Nevertheless, the overall outlook remains weak due to current financial distress and technical downtrend.
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 that holds a 75% interest in the Ampasindava Ionic Clay Rare Earth Project in Madagascar. The project hosts one of the largest ionic clay rare earth deposits outside of China, with significant concentrations of high-value magnet metals. Harena is committed to low-impact, high-recovery mining, providing a sustainable supply of critical minerals for the global energy transition and military defence industries.
YTD Price Performance: -48.33%
Average Trading Volume: 172,025
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.42M
Find detailed analytics on HREE stock on TipRanks’ Stock Analysis page.