The Vox Markets Podcast
The Vox Markets Podcast

Harena Rare Earths: Mining licence granted, on to pilot plant!

August 12, 2026

AI Summary

5 min read

"Harena Rare Earths has received its exploitation licence in Madagascar, and the company’s executive chairman Ivan Murphy says this moves the project from the ‘transformation’ phase into the final licensing stage before production. Combined with a nearly $5 million investment from the US Development Finance Corporation (DFC) — which was highlighted in a White House fact sheet by President Trump — the company is now one of the only ex-China ionic clay projects with both US government funding and a licence to operate its pilot plant and laboratory."

What the exploitation licence unlocks

The licence upgrade from “transformation” to “exploitation” is the last phase of permitting before full production. It immediately allows Harena to open and operate its pilot plant and laboratory in Madagascar — the core activities for the next six to nine months. The pilot plant is a mini version of the full-scale project, designed to demonstrate that the company can produce rare earth concentrate on site using its ionic clay deposits. Murphy emphasises the company’s strategy is limited to producing concentrate and selling it at port for shipping to refiners, not integrating into battery manufacturing or refining itself. The laboratory work will continue to optimise the concentrate’s composition to match what refiners want, which in turn supports more detailed off-take negotiations and the

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What you'll learn

  • 1 (01:13) **News: Arena Rare Earths receives exploitation license in Madagascar** - Ivan Murphy, executive chairman, joins to discuss the significance of the upgraded license and the company's next steps.
  • 2 (02:57) **What the pilot plant will demonstrate** - The pilot plant is a scaled-down version of the full project designed to prove the company's core strategy.
  • 3 (04:12) **Timeline for the pilot plant** - Work is already underway, and the plant is expected to be operational by the end of the year.
  • 4 (05:04) **Social and environmental aspects of the license** - The exploitation license requires further definition of the project's environmental and social programs.
  • 5 (06:04) **The big picture: Arena's position and next steps** - Murphy summarizes how the DFC funding and the new license transform the company's outlook.
  • 6 Standout Quotes
  • 7 (06:14) "We are now one of the only ex-China Ionic Clay projects that's funded from the US government and has licensing to move forward with its pilot plant in its lab. So we're in a very small group now."

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Show Notes

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It's been a strong week for Harena Rare Earths First, the company was mentioned in President Trump's White House briefing, following a big conference on critical minerals. Then, the next day, it was granted its Mining Terms and Conditions by the Madagascar government. This means the company is now in a strong position to move ahead with plans for a pilot plant at its Ampasindava project. Ivan Murphy, Harena's executive chairman, joins Vox to tell us more.

#HREE #Mining

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