Harena Resources chairman highlights US-focus, amidst favourable shifts in rare earths markets
Tim Morrison spoke of “significant shifts in the rare earths market”, and drew special attention to a growing sense of urgency about the need to secure supply of critical minerals.
On 20th March 2025, the President of the United States of America issued an Executive Order mandating immediate action to enhance domestic mineral production, recognizing the essential role of critical minerals in transportation, infrastructure, defence, and emerging technologies.
“This move,” said Morrison, “reflects a broader international trend, with governments around the world increasingly prioritizing secure, predictable, and sustainable access to these essential resources. I believe that the Harena's Ampasindava project, with its existing large scale and defined rare earth element resource, is perfectly positioned both geographically and in its stage of development to feed this expanding market.”
Harena Resources is focused on leveraging the US Supply Chain Resiliency Initiative, as well as the Make More in America Initiative to support domestic US mineral production, which coincides with Harena's 2024 non-binding offtake term sheet agreed with United Rare Earths Inc, who are currently developing the Rare Earths Centre of Excellence in Tennessee
Morrison added that Harena would focus on three areas in the next hundred days.
First, on building strategic partnerships with key stakeholders across multiple jurisdictions to advance supply chain security and responsible mineral development.
Second, on engaging with global initiatives that promote sustainable resource extraction, processing, and long-term investment in critical minerals.
And third, on strengthening collaboration with the Madagascan government, to align the Ampasindava project with national and international priorities.
“We recognise the essential role critical minerals play in fostering long-term global stability and economic development,” he said. “We are well positioned to navigate this evolving landscape and deliver long-term value.”
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Crucially for a rare earths project, Ampasindava lies outside of the orbit of China, which otherwise dominates this space. This independence allows Harena to tilt towards the US in a major way, and ought to win it influential friends in the corridors of government buildings in Washington DC. The project is right on the coast of Madagascar, so product can be loaded and shipped direct to the US without complication.
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