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Highlights

  • Harena shares rise 6.38% on 18 February 2026, following subscription boost.
  • Gross proceeds of GBP 2.0 million raised through a direct share subscription by an international investor.
  • Subscription involves 90,909,090 new ordinary shares issued at GBP 0.022 each.
  • Funds will support development of the Ampasindava rare earth project in Madagascar.
  • Proceeds also earmarked for engagement with the U.S. International Development Finance Corporation (DFC) and working capital.
  • Admission of the Subscription Shares to the LSE Main Market expected around 23 February 2026.

Harena Rare Earths PLC (LSE:HREE) shares rose 6.38% to GBX 2.50 during the morning session on 18 February 2026, marking a gain of ~31.58% over the past six months, although the stock remains down 16.67% over the past year.

Today’s price movement coincided with the announcement of a GBP 2.0 million conditional subscription from a globally recognised international investor, reinforcing confidence in the Company’s Ampasindava rare earth project in Madagascar and its ongoing development strategy.

Strategic Funding Boost

Harena Rare Earths has successfully secured GBP 2.0 million through a conditional subscription of new ordinary shares, reinforcing confidence in the Company’s Ampasindava ionic clay rare earth project in Madagascar.

The 90,909,090 shares will be issued at GBP 0.022 each and are subject to trading admission on the London Stock Exchange’s Main Market, expected on or around 23 February 2026.

Executive Chairman Ivan Murphy highlighted the significance of the investment, describing it as “an endorsement of our world-class rare earth project and our development strategy,” while welcoming the support of a globally recognised international investor.

Use of Proceeds and Project Focus

The net funds from the subscription will be directed towards advancing the Ampasindava Project, including ongoing development work and strategic engagement with the U.S. International Development Finance Corporation (DFC).

The proceeds will also support Harena’s operational and working capital needs, ensuring the Company remains well-positioned to progress its rare earth initiatives and capture emerging opportunities in the sector.

This strategic funding round strengthens Harena’s financial position as it moves forward with project development, building investor confidence and reinforcing its medium-term growth prospects.

FAQs

Q1: Why did Harena Rare Earths shares rise 6.38% on 18 February 2026?
The increase followed a GBP 2.0 million direct share subscription by a prominent international investor, boosting confidence in the Ampasindava project.

Q2: How will the funds from the subscription be used?
Proceeds will support ongoing development of the Ampasindava rare earth project, engagement with the U.S. DFC, and working capital requirements.

Q3: When will the new subscription shares be admitted to trading?
Admission of the Subscription Shares to the London Stock Exchange Main Market is expected around 23 February 2026.