Harena chairperson Murphy moves into an executive leadership role
London-listed Harena Resources has appointed Ivan Murphy as executive chairperson, effective October 1.
In his capacity as nonexecutive chairperson of Harena, Murphy has already led the company’s recent financial restructuring and strategic repositioning.
He will now transition into an executive leadership role to drive the next phase of the company’s development.
This will allow executive technical director Alan Mulligan to dedicate his efforts to the forthcoming licence submission and the technical and environmental programmes required as the company’s Ampasindava ionic clay rare earth project, in Madagascar, advances towards production.
In his new role, Murphy will continue to focus on strengthening the company’s engagement with existing and prospective stakeholders in the US, as well as advance its strategy to access US capital markets.
As part of this, as previously announced, Harena has started the process to publicly cross-trade on the OTCQB Venture market, which is expected to provide the opportunity for US investors to invest in the company.
The board says it recognises the importance of broadening the executive team and this process is under way.
“I look forward to transitioning to the role of executive chairperson of Harena, having had such a long-standing relationship with the Ampasindava project. In addition, I look forward to working closely with the board as we advance the Ampasindava project towards production,” Murphy says.
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