Harena Rare Earths: DFC Funding Begins to Flow as Project Milestones Build
Harena Rare Earths (LSE:HREE, USOTC:CRMNF) received $480,000 from the US DFC, part of a $4.84M funding agreement. The funds support its Ampasindava project in Madagascar, including technical studies and permitting. Further drawdowns are planned. The project has a pre-feasibility study estimating $249.6M NPV and 30% IRR. Recent M&A activity highlights the strategic value of ionic clay rare earth deposits.
