Reenova has been trying to develop an ionic clay based REE project in Madagascar. The company and its project have run into significant difficulties and a judicial manager was appointed months ago on behalf of creditors.
Today, Reenova's judicial managers released an update on their process, the first since August.
In this update appears as if Reenova has signed an MoU with the managers of Ionic Rare Earths. If the transaction were to complete the individuals below would own the rights to the REE project in Madagascar via a company called Harena Resources.
The names of Harena's shareholders are attached in a document I found on the ASIC database. This company was only formed a few weeks ago.
The individuals who own Harena Resources PTY Limited are:
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