Conditional Subscription to raise £2,000,000

596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018).

Harena Rare Earths Plc

("Harena" or the "Company")

Conditional Subscription to raise £2,000,000

Harena Rare Earths Plc (LSE: HREE, OTCQB: CRMNF), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar (the "Ampasindava Project"), is pleased to announce that it has raised gross proceeds of £2.0 million through a direct subscription for 90,909,090 new ordinary shares of 0.5 pence each in the Company (the "Subscription Shares") by a prominent international investor (the "Subscription"). The Subscription Shares will be issued at a price of 2.20 pence per new Subscription Share (the "Subscription Price").

The Subscription Shares will be issued pursuant to the Company's existing authorities to allot shares. The Subscription is conditional upon Admission (as defined below).

Use of Proceeds

The net proceeds of the Subscription will be used for the continuation of development work on the Ampasindava Project, engagement with the U.S. International Development Finance Corporation ("DFC") and for ongoing working capital requirements.

Admission

Application will be made for the Subscription Shares to be admitted to trading on the Main Market of the London Stock Exchange ("Admission"). Admission is expected to take place at 8.00 a.m. on or around 23 February 2026.

Ivan Murphy, Executive Chairman of Harena, said:

"I am delighted to welcome this new globally recognised international investor, whose investment is another endorsement of our world-class rare earth project and our strategy for its development."