Harena Rare Earths Plc (CRMNF)

Overview

Harena Rare Earths Plc is a prominent natural resources company listed on the London Stock Exchange, specializing in the development of rare earth elements. The company has a strong focus on critical magnet metals, specifically neodymium-praseodymium (NdPr) and dysprosium-terbium (DyTb). Harena's flagship project is the Ampasindava Ionic Clay Rare Earths Project located in Madagascar, which is recognized as one of the most significant deposits outside of China. The project boasts a JORC-compliant mineral resource of 699 million tonnes with a concentration of 868 parts per million (ppm) Total Rare Earth Oxides (TREO), translating to a substantial 606 kilotons of TREO. Harena aims to mine and process ionic clay materials to produce Mixed Rare Earth Carbonate or Concentrate, thus supporting supply chains for renewable energy technologies such as wind turbines and electric vehicles, as well as for manufacturing in the defense industry.

The company's operational approach emphasizes environmental responsibility, utilizing a heap leach process that minimizes surface disturbance, assures full rehabilitation, and eliminates the presence of radioactive materials. Harena is also committed to investing in local communities to foster sustainable development. Under the leadership of Executive Chairman Ivan Murphy and a skilled team with deep expertise in mining and finance, Harena is progressing toward key milestones in the proof-of-concept and feasibility stages within the basic materials sector.

Products and Services

• Mixed Rare Earth Carbonate

  This product is the end result of processing ionic clay material, containing a balanced combination of rare earth elements essential for high-tech applications. This carbonate can be used in various sectors, including renewable energy and advanced manufacturing.

• Concentrate Production

  Harena is engaged in the production of rare earth concentrates which serve as a crucial raw material for industries that require specific rare earth elements for magnets and specialized electronic components.

• Environmental Stewardship

  The company's operations are designed to be environmentally conscious, using low-impact methods and prioritizing rehabilitation of mining sites to protect local ecosystems and communities.

• Community Investment

  Harena understands the significance of local engagement and invests in community development initiatives that improve local infrastructure, education, and healthcare, ensuring that the benefits of the mining operation extend to nearby residents.