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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Citius Resources Plc | LSE:CRES | London | Ordinary Share | GB00BMGRFP88 | ORD 0.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | -392k | -0.0091 | -3.30 | 1.3M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 3.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/2/2025 | 11:47 | UK RNS | Citius Resources PLC Publication of a Prospectus |
| 24/1/2025 | 11:26 | ALNC |  IN BRIEF: Citius Resources interim loss narrows; eyes reverse takeover |
| 24/1/2025 | 07:00 | UK RNS | Citius Resources PLC Half-year Report |
| 15/10/2024 | 11:03 | UK RNS | Citius Resources PLC Annual Financial Report |
Citius Resources (CRES) Share Charts1 Year Citius Resources Chart |
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1 Month Citius Resources Chart |
Intraday Citius Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/3/2025 | 11:42 | Citius Resources | 38 |
| 25/3/2015 | 08:30 | Coalfield Resources (prev. UK Coal) | 491 |
| 19/6/2008 | 15:12 | Crescent Hydro with Charts & News | 18 |
| 14/11/2006 | 12:38 | Crescent Hydropolis Resorts | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 14/3/2025 08:20 by Citius Resources Daily Update Citius Resources Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker CRES. The last closing price for Citius Resources was 3p.Citius Resources currently has 43,250,000 shares in issue. The market capitalisation of Citius Resources is £1,297,500. Citius Resources has a price to earnings ratio (PE ratio) of -3.30. This morning CRES shares opened at - |
Posted at 12/3/2025 12:30 by hedgehog 100 "Harena Resources750 followers 2d #HREE Harena Resources is advancing towards its #LSE listing in March! 🔎Developing the Ampasindava Rare Earth Project in Madagascar ✅RTO of #CRES completed 🤝Offtake deal secured with US-based United Rare Earths 🎥Watch SmallCapPix interview with CEO Joe Belladonna: " "Harena Resources, advancing the Ampasindava Rare Earths Ionic Clay Project in Madagascar" "51 views 10 Jan 2025 Harena Resources listing on the UK stock market shortly are advancing the Ampasindava Rare Earths Ionic Clay Project in Madagascar. Ampasindava is one of the most significant Ionic Clay Rare Earths deposits in the world outside of China and Harena is moving quickly to develop this resource." |
Posted at 03/3/2025 13:16 by hedgehog 100 A very useful Harena Resources article published on Vox Markets five days ago, which helps show what a huge investment opportunity this floatation could-should be; especially with the RTO being priced at just 3p per share (compared to CRES's 4p IPO price in 2021), giving an enlarged market cap. of only c. £12.4M.Note that FCA approval has of course already now been received, with admission expected two weeks this Friday. The shares should move to a swift premium to the RTO price of 3p, and buying in at anything close to that level looks like a bargain. The shares are tightly held, and as news flows and awareness spread, this could move up very rapidly and strongly. "Harena Resources all set to become London’s only listed ionic clay rare earths company 13:18, 26th February 2025 Alastair Ford Vox Newswire It’s only a matter of time now before rare earths company Harena Resources makes its debut on the London market. The plan is for privately-held Harena, which had its genesis in Australia and holds assets in Madagascar, to take over cash shell Citius Resources (CRES). FCA approval is pending, but is expected in the current quarter. When the deal completes, Harena will have access to a market that’s more familiar and comfortable with African projects. London’s investors, for their part, will get access to Ampasindava, an ionic clay rare earths deposit that’s already known to contain 699 million tonnes of ore grading 868 parts per million total rare earth oxides. That JORC 2012 compliant resource estimate followed on from around US$20 million of spend on the project, undertaken by former owners. Amongst other things, work thus far completed includes 4,500 test pits and 359 drill holes. It’s also been established that negligible thorium and uranium are present in the deposit, meaning that processing with low impact salts ought to be relatively straightforward and the product saleable into the market. The plan, once Harena gets listed, is to complete feasibility studies for the development of Ampasindava. Much of the groundwork for these studies has already been done, however, and it’s already clear that the project has a great deal going for it. For a start, it’s strategically located on the north-west coast of Madagascar, right next to a port. This has the double benefit that when it comes to project development it will be easy to ship things in, and that when it comes to production, it will be easy to ship the rare earths out. What’s more, the process that Harena envisages using at Ampasindava uses salt water as its primary leaching agent – and that brings us onto another advantage the project has, its style of mineralisation. In comparison to other types of rare earth deposits, ionic clay deposits are generally simpler to process into carbonate for sale. No need to use acid of any kind. Instead, salt water and ammonium sulphate, which is effectively garden fertilizer, are all that’s required. That’s encouraging enough, but there’s more good news. In the case of Ampasindava, the plan is to mine only the top ten metres of the deposit, with the two metres of overburden stockpiled for use in rehabilitation. The mining will be free dig, with the material trucked to the saline leach pads. After leaching, the residual material is returned to where it was taken and the topsoil returned. Power consumption will be modest. No tailings dams are involved, and since the area has been disturbed before, environmental objections are likely to be kept to a minimum. All this makes Harena stand out as a shining light amongst its peers. It will be the only company listed in London with a pure ionic clay rare earths project. And the simplicity of the mining, the ease of rehabilitation, and lack of any acid use is also likely to be looked upon favourably by the Madagascan government. True, the government wants to see economic modelling before the fiscal arrangements are finalized. But in the meantime, the company has applied for its exploration license to be converted into a mining license, and is positioning itself to start generating the rest of the information that the government needs. One major positive that’s already confirmed is the interest of off-takers. Last year the company announced that it had signed a non-binding termsheet with a US rare earths company for the sale and purchase of rare earths from Ampasindava. And Joe Belladonna, the company’s managing director, is confident that the pace of work will be rapid and productive once the listing completes. The £1.9 million that the company plans to raise will go towards completing the feasibility studies, which he reckons will take about six-to-nine months to complete. After that, and allowing that the license and permits have been granted, he reckons it will take about two years to get the mine running. If Harena can stick to that timetable, it will be impressive, but not unprecedented. The team is highly experienced, and includes Allan Mulligan, who recently managed a similar ionic clay rare earths project in Uganda." |
Posted at 26/2/2025 13:18 by hedgehog 100 26/02/2025 11:47 RNS Regulatory News Citius Resources PLC Publication of a Prospectus LSE:CRES Citius Resources PlcThe Company confirms that a prospectus has been approved by the Financial Conduct Authority and published by the Company ("Prospectus") regarding the reverse takeover by Harena Resources Ltd and the Fundraising to raise gross proceeds of £1.35m. Harena Resources Ltd is an Australian domiciled company that owns 75% of the Ampasindava Rare Earths Project ("Project") located in the northwest of Madagascar. The Project has been the subject of significant exploration work including 4,470 test pits excavated and 277 holes drilled (approx. 20,000m of exploration drilling) by previous owners that has confirmed the mineral resource is an "Ionic Adsorption Clay" deposit. The Project contains a globally significant JORC Resource of 606,000t of rare earth oxides, importantly, 22% of the reported rare earth elements are those related to the manufacturing of permanent magnets that are critical to the transition to green energy. Following Re-admission, the Company plans to complete the feasibility study and environmental impact & social assessment study to further de-risk the project and move towards production. The Prospectus has been published in connection with: 1. The proposed acquisition of Harena Resources Ltd ("Proposed Acquisition") and associated issue of Consideration Shares 2. The Acquisition of Harena Resources Ltd is a reverse takeover under the Listing Rules; 3. The Proposed Acquisition, Placing and Subscription is conditional on the passing of certain resolutions at an annual general meeting of the Company ("Completion"). Following Completion, the Company will seek the admission of an aggregate of 370,634,352 New Ordinary Shares to the Equity Shares (transition) category of the Official List and to the main market of the London Stock Exchange ("Admission"). Following Admission, the Company will have an Enlarged Share Capital of 413,884,352 ordinary shares. The Prospectus has been filed with the Financial Conduct Authority. To view the full document, please follow the link www.citiusresources. It is expected that Completion will take place following the annual general meeting at 10.00 a.m. on 20 March 2025 and Admission on 8.00 a.m. on 21 March 2025. A notice of annual general meeting has been announced separately. Contact details: Citius Resources Plc Cameron Pearce Tel: +44 (0)1624 681 250 cp@pangaeaenergy.co. Tavira Financial Limited Jonathan Evans Tel: +44 (0)20 7330 1833 |
Posted at 27/1/2025 13:39 by hedgehog 100 It's still been possible for African mining sector companies to come to market, and raising good money at decent at a decent valuation, despite challenging market conditions:-26/07/2024 07:00 RNS Regulatory News Rome Resources PLC Enlarged share capital admitted to trading on AIM LSE:RMR Rome Resources Plc "Rome Resources Plc (AIM: RMR) is pleased to announce the completion of its acquisition of Rome Resources Ltd ("Rome Resources") ("Completion") and the admission of its enlarged share capital to trading on AIM effective from 8.00 a.m. on 26 July 2024 ("Admission") under the Company's new name "Rome Resources Plc", which has now become effective, and the TIDM code "RMR". Allenby Capital Limited ("Allenby Capital") is acting as Nominated Adviser and Joint Broker to the Company alongside Oak Securities (a trading name of Merlin Partners LLP) who are acting as Joint Broker to the Company. Admission Highlights · Successful fundraise of approximately £4.0 million (before expenses) through the issue of 1,333,333,330 new ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") at an issue price of 0.30 pence per new Ordinary Share (the "Issue Price"). · On Admission and based on the Issue Price, the Company will have a market capitalisation of approximately £14.6 million. · Acquisition of Rome Resources: o Exploration potential: Rome Resources has identified three prospective areas located in the Projects with high-grade tin in soil anomalies identified. o Proximity to world class resource: Alphamin's Mpama North mine, located 8km away from the Projects, is reported by the Edison Group in 2023 as the world's highest-grade tin mine, producing 4 per cent. of the world's tin from analogous geology to the Projects. o Exploration team: Rome Resources' exploration team discovered Alphamin's tin resources. o Defined roadmap to resource definition: Immediate near-term drilling is anticipated to advance the Projects from the outset. o The current global price of tin is 37 per cent. higher than the lowest price during the last 12 months: The demand for tin has been influenced by a number of factors including but not limited to: (i) the energy transition; (ii) disruptions to countries that have traditionally contributed to the global market share of tin production; and (iii) growth of the global artificial intelligence (AI) sector which is expected to contribute to an increase in demand in electronics and electrification. ..." Rare Earth elements are essential for AI chip manufacturing, so the current AI boom is strongly fuelling their demand. |
Posted at 24/1/2025 15:06 by hedgehog 100 24/01/2025 11:26 Alliance News Alliance NewsIN BRIEF: Citius Resources interim loss narrows; eyes reverse takeover LSE:CRES Citius Resources Plc24/01/2025 07:00 RNS Regulatory News Citius Resources PLC Half-year Report LSE:CRES Citius Resources Plc Interim Financial Statements For the six month period ended 31 October 2024 The Company is pleased to announce its Interim Results for the six-month period to 31 October 2024. For further information please contact Citius Resources Plc Cameron Pearce (Director) www.Citiusresources. Tel: +44 (0)1624 681 250 info@citiusresources Tavira Securities Limited Jonathan Evans Tel: +44(0)20 7330 1833 Jonathan.evans@tavir Shard Capital Partners Damon Health Tel: +44(0)20 7186 9927 Damon.heath@shardcap Interim Management Report Dear Shareholders, I am pleased to present the interim accounts for the six-month period to 31 October 2024 for Citius Resources Plc. The Company is in the final stages with the UK Regulator of the acquisition of 100% of the issued shares in Harena Resources Pty Ltd ("Harena") the 75% owner of the Ampasindava Rare Earths Project in Madagascar (the, "Acquisition"). Harena is an Australian domiciled company preparing to develop the 75% owned Ampasindava Rare Earths Project, which includes targeting the mining and processing of Ionic Clay material to extract Rare Earth elements to produce Mixed Rare Earth Carbonate or Mixed Rare Earth Concentrate. The Acquisition will constitute a Reverse Take Over under the Listing Rules and accordingly, the company will apply for re-admission of its shares to the Official List and Main Market of the London Stock Exchange following an Extraordinary General Meeting. I would like to thank all our shareholders for their patience and we look forward to finally applying for re-admission and moving the Ampasindava Rare Earths project forward. Cameron Pearce Chief Executive Officer ... |
Posted at 31/10/2024 13:31 by hedgehog 100 15/10/2024 11:03 RNS Regulatory News Citius Resources PLC Annual Financial Report LSE:CRES Citius Resources PlcAnnual Report and Financial Statements for the year ended 30 April 2024 The Board of Citius Resources Plc if leased to announce its annual report and audited financial results for the year ended 30 April 2024. The annual report, Notice of Annual General Meeting & Proxy form will be posted to shareholders and available at the Company's website ... Chairman Statement Dear Shareholders, I am pleased to present the final report and accounts for the twelve-month period to 30 April 2024 for Citius Resources Plc. The Company announced during the period a binding Heads of Terms for the acquisition of 100% of the issued shares in Harena Resources Pty Ltd ("Harena") the 75% owner of the Ampasindava Rare Earths Project in Madagascar (the, "Acquisition"). Harena is an Australian domiciled company preparing to develop the 75% owned Ampasindava Rare Earths Project, which will include the mining and processing of Ionic Clay material to extract Rare Earth elements to produce Mixed Rare Earth Carbonate or Mixed Rare Earth Concentrate. The Acquisition will constitute a Reverse Take Over under the Listing Rules and accordingly, the company will apply for re-admission of its shares to the Official List and Main Market of the London Stock Exchange following an Extraordinary General Meeting. I would like to thank all our shareholders for their patience in what can only be described as challenging market conditions. We look forward to finally applying for re-admission and moving the Ampasindava Rare Earths project forward. Winton Willesee Non-Executive Chairman 15 October 2024 Strategic Report for the year ended 30 April 2024 The Directors present the Strategic Report of Citius Resources Plc for the year ended 30 April 2024. Business of the Company The Company was incorporated on 15 April 2020 as a private company with limited liability under the laws of England and Wales under the Companies Act 2006 with registered number 12557958. The Company was formed to undertake an acquisition of a target company or business. On 9 June 2022 the Company announced that it has entered into a binding Heads of Terms with regard to the possible acquisition of 100% of the share capital of AUC Mining (U) Limited ("AUC"). This agreement was terminated in October 2023. On 26 October 2023 the Company announced that it has entered into a binding Head of Terms with regards to the possible acquisition of 100% of the shares in Harena Resources Pty Ltd ("Harena"), the 75% owner of the Ampasindava Rare Earth Project in Madagascar. ... Results for the year and distributions The results are set out in the Statements of Comprehensive Income on page 21. The total comprehensive loss attributable to the equity holders of the Company for the year was £392,022 (2023: £444,287). The Company paid no distribution or dividends during the year. ... Position of Company's Business As at 30 April 2024 the Company's statement of Financial Position shows net liabilities totalling of £99,145 (2023: net assets of £292,877). Although The Company has a positive cash position at the report date, the liabilities are greater than the assets. ... Going Concern The Directors have reviewed the Company's ongoing activities, including its future intentions in respect of acquisitions. Having regard to the Company's existing working capital position and the expected capital to be raised at the time of the acquisition, the Directors are of the opinion that the Company has adequate resources to enable it to continue in existence for a period of at least 12 months from the date of these financial statements. If the acquisition was to be delayed or not to take place, the Directors believe that further capital can be raised during the year. ... 2.3 Going concern The Company's business activities, together with the factors likely to affect its future development, performance and positions are set out in the Strategic Report on page 3. The Company is an investment company, and currently has no income stream until a suitable acquisition is completed. It is therefore dependent on its cash reserves to fund ongoing costs. At the reporting date the company had cash reserves of £33,971 and current liabilities of £141,636. The Directors have reviewed the Company's ongoing activities including its future intentions in respect of acquisitions. At the date of approval of these financial statements the proposed transaction to acquire 75% of the Ampasindava Rare Earths Project in Madagascar has not completed. If the proposed RTO transaction does complete further working capital will be required in order to fund the operations of the enlarged group and, once the proposed transaction has completed, to bring the acquired mining project into production. The Directors expect such funding to be raised on completion of the proposed RTO transaction. At the date of approval of these financial statements the completion of the proposed RTO transaction, and the availability of additional capital, are not guaranteed and this represents a material uncertainty in relation to the Company's funding arrangements. The Directors have also considered a severe but plausible downside scenario in which the proposed RTO transaction does not complete. In that scenario the Directors would require further working capital in order to fund the Company's operating costs as it continues to seek a suitable acquisition, or or take other action which could include winding up the Company. The Directors believe that, in the event that the proposed RTO transaction does not complete, additional capital could be raised to enable the Company to continue in existence for a period of at least 12 months at the date of approval of these financial statements. However, the availability of additional capital in these circumstances is not guaranteed. This represents a further material uncertainty in relation to the Company's funding arrangements and, in these circumstances, may result in the Company not being a going concern. The financial statements do not reflect any adjustments if the Company is unable to raise further capital and is not able to continue operations. ... |
Posted at 12/6/2024 14:58 by hedgehog 100 Navan,As CRES is main-listed, rather than AIM-listed, the AIM time limit of six months maximum for a share trading suspension before being delisted doesn't apply here, and there is no such time limit: so a main-listed share can remain suspended indefinitely, without being delisted. Similarly, the AIM time limit of 6 months to complete a RTO before being suspended doesn't apply here. And as far as I'm aware, there is no RTO deadline for CRES. My understanding is that the following SPAC requirement doesn't apply to CRES, as it floated before the deadline for this requirement to apply:- "A time limit of two years in which to complete an acquisition, which can be increased to three years if the shareholders agree." Certainly I can see no reference to this deadline in CRES's prospectus, including its articles of association, where such a requirement would certainly be mentioned if it existed. This prospectus can be viewed via CRES's website:- |
Posted at 01/5/2024 11:26 by hedgehog 100 Navan,I would hope that we will be receiving an update on the proposed Harena Resources RTO imminently, which will hopefully be positive. Lodging the prospectus was a major milestone, and fortunately CRES just met the submission deadline of 4p.m. 1.12.23 to avoid the new main market £30M. minimum market cap. rules: which means that no move to AIM will be required for a RTO of less than this. The last major hurdle is the raising of funds to accompany the RTO, which is probably what the company has been trying to arrange: perhaps something like c. £2M. I would think. Although it's a bad market for fundraising, rare earth metals is still seen as an attractive area: Aquis stock Marula Mining (MARU) has risen from 2.4p on 27.12.22 to 8.375p today:- And Cameron Pearce's BRES (Blencowe Resources) RTO has been performing well recently. East Star Resources (EST), another RTO, has also performed well recently, more than doubling in April from 1.5p to 3.75p. So I'm quietly confident that the funds will be forthcoming, and that this RTO will proceed, for what could potentially be an extremely well-performing growth opportunity. Marula Mining (MARU):- |
Posted at 04/12/2023 08:50 by hedgehog 100 01/12/2023 09:01 UK Regulatory (RNS & others) Citius Resources PLC Lodgement of Prospectus LSE:CRES Citius Resources PlcThe Company is pleased to announce that it has lodged a Prospectus for the proposed transaction with Harena Resources Pty Ltd ("Harena"), the 75% owner of the Ampasindava Rare Earths Project in Madagascar ("Proposed Transaction"), to the FCA for the purposes of granting eligibility for the readmission of the enlarged company to the Official List by the FCA and the London Stock Exchange ("Readmission"). The Proposed Transaction is conditional on a number of conditions including; i) satisfactory due diligence ii) entering into definitive legal agreements iii) raising further funds for the Proposed Transaction; iv) approval by shareholders at a General Meeting to be convened; v) obtaining all necessary approvals (if required) and; vi) granting of eligibility for the readmission of the Company to the Official List by the FCA. There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course once a firm timeline to Readmission. Cameron Pearce Commented: "We have now lodged the prospectus and subject to the eligibility process we are targeting to list the enlarged company in Q1 2024. We look forward to working with the Harena team to finalise the transaction and will keep the shareholders appraised on the definitive timetable." Cameron Pearce Tel: +44 (0)1624 681 250 info@citiusresources Tavira Financial Limited - Financial Adviser and Broker Jonathan Evans Telephone: +44 (0)20 3192 1733 |
Posted at 26/10/2023 16:06 by hedgehog 100 26/10/2023 09:07 UK Regulatory (RNS & others) Citius Resources PLC Project Update LSE:CRES Citius Resources PlcCitius Resources Plc (LSE: CRES), the London listed natural resources investment company is pleased to announce that it has entered into a binding Heads of Terms for the acquisition of 100% of the issued shares in Harena Resources Pty Ltd ("Harena") the 75% owner of the Ampasindava Rare Earths Project in Madagascar (the, "Acquisition"). Harena is an Australian domiciled company preparing to develop the 75% owned Ampasindava Rare Earths Project, which will include the mining and processing of Ionic Clay material to extract Rare Earth elements to produce Mixed Rare Earth Carbonate or Mixed Rare Earth Concentrate. Citius has agreed to terminate its previous agreement with AUC Mining (U) Limited for the acquisition of the Kamalenge Gold Project in the Mubende Gold District, Uganda with immediate effect. The Company will remain suspended pending the publication of a prospectus providing further details on Harena and the Company as enlarged by the Acquisition, or an announcement that the Acquisition or Reverse Take Over ("RTO") is not proceeding. Should the Acquisition complete, it would constitute an RTO under the Listing Rules and accordingly, the Company would apply for the re-admission of its shares to the Official List and the Main Market of the London Stock Exchange. Cameron Pearce, Citius Director commented: "The Citius board looks forward to keeping shareholders informed of further developments in what we believe is a compelling Acquisition in an exciting commodity space, as the global move towards decarbonisation gathers pace. Citius will be working closely with Harena, which is already in an advanced RTO ready stage, to complete the due diligence and prospectus for the relisting of the company as soon as practicable." ... |
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