Harena Rare Earths Signs Exclusivity Agreement for Acquisition of US Rare Earth and Uranium Assets
Harena Rare Earths has signed an exclusivity agreement to evaluate acquiring a 100% interest in Paradigm Critical Minerals, which owns heavy rare earth and uranium exploration assets in San Bernardino County, California. The agreement allows Harena to conduct due diligence with the aim of a definitive transaction. The assets are strategically located near MP Materials' Mountain Pass mine and are part of California's well-established mining district, supporting the US's critical minerals strategy.
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Harena Rare Earths has entered into an exclusivity agreement to evaluate acquiring a 100% interest in Paradigm Critical Minerals, which owns heavy rare earth and uranium exploration assets in San Bernardino County, California. The agreement includes conducting detailed due diligence on the assets, aiming for a definitive transaction if criteria are met.
The area is known for favorable geology and established mining infrastructure. The assets have potential for high-grade rare earth exploration and have yielded promising historical results. The region remains largely underexplored, and Harena sees significant opportunity for advancement in alignment with the US government's critical minerals strategy.
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