Harena Resources appoints new non-exec, Belladonna steps into new non-board role
Harena Resources (), the Madagascar-focussed rare earths company, has appointed Stephen Weir as a non-executive director.
Weir is a highly experienced mining and finance executive, with more than 25 years of experience in equity capital markets and corporate advisory roles.
He previously served as managing director at RFC Ambrian, a UK based mining corporate advisory firm and has held senior roles in the mining and metals team at Bankers Trust in Sydney. More recently, he was chief executive of ASX-listed Magnetite Mines Ltd.
He currently holds just under 4.5 million shares in Harena.
In conjunction with Weir’s appointment, Joe Belladonna will transition from his current role to become general manager of business development, a non-board executive role.
"We are very fortunate to have attracted Stephen, a high-quality and experienced director to the board of Harena,” said Harena’s chairman, Tim Morrison.
“Stephen brings deep mining industry experience and capital market insight at both and executive and director level. His knowledge of the UK capital markets will be invaluable as we progress the Ampasindava rare earth project. I would also like to acknowledge enormous effort and contribution of Joe Belladonna whose leadership and determination has been instrumental in steering the company through to its successful LSE listing. Joe will continue to play a key role in our growth strategy by focusing on business development and advancing discussions around government and non-government funding - particularly aligned with growing US based rare earth processing capability and initiatives."
At this time, Harena does not intend to appoint a new managing director, with Allan Mulligan leading the technical and geological aspects of project development of the Ampasindava rare earth project.
View from Vox
Harena continues to advance as planned. Mulligan is a safe pair of technical hands for the project, and Joe Belladonna will remain as a key point of contact for interested parties. The project has much to be said for it, too, and more progress is likely in the coming months.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.