IN BRIEF: Harena Rare Earths 6-mo loss widens as eyes US acquisition

Harena Rare Earths PLC - developing Ampasindava ionic clay rare earth project in northern Madagascar - Pretax loss widens to £3.1 million in the financial half-year that ended December 31 from £674,920 a year before. Harena has no revenue, so the wider loss was due to higher administrative expenses, rising to £3.1 million from £301,897. The company holds £599,567 in cash as of the end of 2025, up from £8,418 a year before, and says it expects to have ‘adequate resources to continue in operation’ for at least 12 months. Earlier this month, Harena said it had entered an exclusivity agreement for the potential acquisition of a 100% interest in Paradigm Critical Minerals Ltd, an owner of heavy rare earth and uranium exploration assets in San Bernardino County, California.

Current stock price: 3.00 pence

12-month change: up 46%

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