Main-market listed Harena Resources (LSE:HREE) has raised approximately £1.05 million through a placing and appointed Ivan Murphy as Non-Executive Chairman as part of its ongoing post-reverse takeover (RTO) restructuring.
Murphy, who was also chairman of the previous owner of Harena’s Ampasindava ionic clay rare earth project in Madagascar, says the chance to re-engage with the project is ‘irresistible.’
In this interview, investors will learn:
• Why the company chose to raise five months after its RTO, and used a book build that excluded some investors
• How the funds assist Harena as it progresses pre-feasibility study submission and works towards mining license approval
• Who is making executive decisions after the management reshuffle
• What it is about Ampasindava that binds Murphy to the project he first engaged with 15 years ago
• Why the company is targeting potential partners from the U.S.
Ivan Murphy, Non-executive Chairman of Harena Resources, was interviewed for focusIR by Sarah Lowther.
