The U.S. DFC commits $62.8M to rare earth projects across Africa, including $4.8M for Harena's Madagascar ionic-clay deposit, but no projects are producing yet.
Company Profile
Harena Rare Earths Plc
Overview
About Harena Rare Earths Plc
Harena Rare Earths Plc is a London-listed (LSE: HREE) rare-earth exploration and development company headquartered in the United Kingdom and focused on Madagascar. Its principal activity is the development of the 100%-owned Ampasindava Ionic Clay Rare Earth Project in northwest Madagascar, which has a JORC-compliant resource of nearly 700 million metric tons. Ionic clay deposits are valued for their enrichment in magnet and heavy rare-earth elements including neodymium, praseodymium, dysprosium and terbium, which are essential for permanent magnets used in electric vehicles and wind turbines. Positioned at the upstream end of the supply chain, Harena aims to advance Ampasindava through exploration, metallurgical testwork and resource definition.
Company secretary and administrator: FIM Capital, Douglas, Isle of Man (not a principal office).
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Recent Articles
Madagascar's Ampasindava project and DFC investment signal strategic progress, but the island still lacks midstream processing to complete a Western
The U.S. DFC backs Harena Rare Earths' Madagascar project with $4.84M, signaling Washington's push to build alternative rare earth supply chains outside China.
Ex-China rare earth supply chain progress updated: processing, magnets, and HREE remain key bottlenecks despite mining advances.
Harena Rare Earths raises £2M for Ampasindava project. Bridge funding advances feasibility but doesn't secure construction capital.
China Africa critical minerals dominance explained: early access, financing, processing control, and end-to-end supply chain strategy across the continent.
Africa emerges as a critical rare earth minerals hub, with eight major projects set to supply 9-10% of global demand by 2029, challenging China's dominance.
Ampasindava project challenges China's rare earth dominance with promising IAC mining potential in Madagascar, seeking secure global supply.
