Begin of Cross-Buying and selling on OTCQB Enterprise Market

Harena Uncommon Earths Plc (LSE: HREE), the uncommon earths firm centered on the Ampasindava ionic clay uncommon earth venture in Madagascar (the “Ampasindava Undertaking“), is happy to announce that its abnormal shares of 0.5 pence every (“Peculiar Shares“) have been accredited to commerce on the OTCQB Enterprise Market (“OTCQB“) in the US (the “U.S.“) and can start cross-trading on the OTCQB at market open at present underneath the ticker image “OTCQB: CRMNF”. The Firm continues to keep up its main citation on the London Inventory Alternate’s Foremost Market (the “Foremost Market“).

The OTCQB, recognised by the U.S. Securities and Alternate Fee as an Established Public Market, serves as a number one platform for each home and worldwide growth-stage firms. Admission to the OTCQB requires firms to keep up up-to-date monetary reporting, meet minimal bid worth standards, and full an annual verification and administration certification course of. Harena was suggested through the admission course of by Donohoe Advisory Associates LLC (“Donohoe Advisory“).

The Firm believes that cross-trading on each the Foremost Market and the OTCQB won’t solely improve liquidity in its shares, because of a broader pool of buyers, however may even present buyers in the US with simpler entry to buying and selling in Harena’s abnormal shares.

Harena has seen appreciable investor curiosity from the U.S. and given the Firm’s strategic concentrate on the U.S. marketplace for the procurement of its uncommon earth deposits, the OTCQB market affords the Firm sturdy synergies because it seems to be to additional the event of the Ampasindava Undertaking.

Appointment of Siebert as U.S. Dealer and Monetary Adviser

As cross-trading on the OTCQB market will now be initiated, Harena has appointed Siebert Monetary Company (“Siebert“) because the Firm’s U.S. dealer and monetary advisor.

The board of administrators of Harena (the “Board” or the “Administrators“) believes that the appointment of Siebert is a vital step in broadening entry to U.S. buyers and supporting the efficient promotion of the Firm’s shares within the U.S.

Siebert (NASDAQ: SIEB) is a publicly traded broker-dealer within the U.S. with roughly US$20 billion in belongings underneath administration by means of its retail advisors. Headquartered in Miami, Siebert’s funding banking apply offers advisory and financing options to a broad vary of industries with main places of work in New York, Washington DC and Los Angeles, and a presence in additional than ten further U.S. places.

Ivan Murphy, Government Chairman of Harena, mentioned:

“The ever-growing demand for essential minerals from the U.S. and the concentrate on breaking its reliance on China makes it a key marketplace for Harena. As such, the initiation of Harena’s cross-trading on the OTCQB marks an essential milestone for the Firm as we additional broaden our investor base by making it simpler for U.S. buyers to realize publicity to our world-class Amapsindava Undertaking.”

Ajay Asija, Co-Head of Funding Banking, Muriel Siebert & Co., mentioned:

“At Siebert we want to use this engagement to construct a long-term relationship with Harena and its US buyers. As such we’ll assist outreach to buyers, present market color, present entry to people in our skilled community, and function a trusted advisor to the Firm because it navigates U.S. capital markets.”

For additional data please contact:

Notes to editors

Harena (www.harenaresources.com) is a uncommon earths exploration and improvement firm centered on the Ampasindava Ionic Clay Uncommon Earth Undertaking in Madagascar (Harena’s curiosity is 100%). The venture hosts one of many largest ionic clay uncommon earth deposits outdoors of China, with important concentrations of high-value magnet metals, particularly heavy uncommon earths, together with neodymium (Nd), dysprosium (Dy), and praseodymium (Pr), that are essential for the composition of neodymium magnets (NdFeB). Harena is dedicated to low-impact, excessive restoration mining, offering a sustainable provide of essential minerals for the worldwide vitality transition and army defence industries in addition to assembly the ever-growing demand for NdFeB from the robotics sector.

About Donohoe Advisory Associates LLC

Donohoe Advisory Associates is a premier supplier of specialised consulting and advisory companies for firms and regulation companies navigating the total OTC Markets and nationwide change itemizing course of. With intensive experience in regulatory necessities, disclosure requirements, and market eligibility, Donohoe Advisory helps issuers in getting ready, submitting, and managing profitable purposes throughout the OTC market together with OTCQB, OTCQX, OTCID, Kind 211 submissions, and ongoing compliance oversight. The agency led Harena Uncommon Earth’s OTCQB utility and coordinated the profitable clearance of its Kind 211, serving to place the corporate for enhanced visibility and market entry within the U.S. All principals of Donohoe Advisory are former NYSE, Nasdaq, and OTC Markets officers.

Supply