Harvest Minerals Navigates Tough Market with REE Prospects

Harvest Minerals (GB:HMI) has released an update.

Harvest Minerals Limited reports a challenging first half of 2024 with disappointing fertiliser sales, forecasting a total annual sale of 35,000Kt amidst a difficult trading environment. Despite sales issues, the company is exploring the promising potential of Rare Earth Elements (REE) at its Arapuá project in Brazil, with a two-stage programme to confirm resources, supported by existing infrastructure. Additionally, a Technical Cooperation Agreement with PVW Resources Limited aims to facilitate a transaction on the asset, signaling a strategic focus on REE development.

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