Harena Resources (HREE) has raised further gross proceeds of approximately £180,000 via a subscription at 1.5p per share.
The subscription was undertaken on the same terms as the placing announced by the company on 4 August 2025.
In total the placing and the subscription have raised gross proceeds of approximately £1.23 million.
The money raised will be used to progress Harena’s Ampasindava rare earths project in Madagascar, which is close to a development decision.
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The subscription was oversubscribed, indicating that there’s significant interest out there in Harena’s rare earths project. The company has made rapid progress with this asset in recent months, as rare earths remain a hot topic in the global news agenda.