News US DFC to fund Harena Rare Earths’ Madagascar Mine The investment aims to advance the development of the Ampasindava Ionic Clay Rare Earth Project. Shree Mishra August 10, 2026 Share Copy Link Share on X Share on Linkedin Share on Facebook Rare earth elements play a key role in sectors such as robotics, electronics, and defence. Credit: Phawat/Shutterstock.com. The US International Development Finance Corporation (DFC) is set to offer project development funding for Harena Rare Earths plc’s mine located in Madagascar. The funding was announced at the American Mining Industry event held at the US Department of State, representing DFC’s first mining investment in Madagascar. Go deeper with GlobalData Reports Hardeo Damanka Mine Reports VFC-Louder Creek E, F, G, H Mine Go deeper with GlobalData The gold standard of business intelligence. Find out more Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. Find out more This investment aims to advance the development of the Ampasindava Ionic Clay Rare Earth Project, which is fully owned by Harena Rare Earths. The site contains significant concentrations of neodymium, dysprosium and praseodymium, which are used in high-performance magnets for advanced manufacturing and defence technologies. Rare earth elements play a key role in sectors such as robotics, electronics, and defence. They are essential to the advanced technologies that underpin US manufacturing and national defense, from high-strength permanent magnets to precision-guided military systems. In Africa, DFC focuses on investments in high-impact sectors such as mining, aimed at helping countries responsibly leverage their significant resource potential. This approach also advances US strategic partnerships, bolsters supply-chain resilience and supports long-term American economic competitiveness. DFC CEO Ben Black said: “President Trump is looking out for the American people and has made securing our critical mineral supply chains a national priority. “Through projects like Harena, DFC is helping expand America’s access to these essential materials and providing our partners transparent, high-quality financing alternatives. “DFC is proud to support investments that strengthen US economic security and create lasting economic opportunity for both the US and Madagascar.” Harena Resources executive chairman Ivan Murphy said: “We are honoured to be playing our part to alleviate the chronic shortage of magnet metal and heavy rare earths and to increase mineral security for the US and its partners.” Sign up for our daily news round-up! Give your business an edge with our leading industry insights. Sign up Go deeper with GlobalData Reports Hardeo Damanka Mine Reports VFC-Louder Creek E, F, G, H Mine Go deeper with GlobalData The gold standard of business intelligence. Find out more Access deeper industry intelligence Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise. Find out more
US DFC to fund Harena Rare Earths’ Madagascar mine
News US DFC to fund Harena Rare Earths’ Madagascar Mine The investment aims to advance the development of the Ampasindava Ionic Clay Rare Earth Project. Shree Mishra August 10, 2026 Share Copy Link Share on X Share on Linkedin Share on Facebook Rare earth elements play a key role in sectors such as robotics, electronics, and defence. Credit: Phawat/Shutterstock.com. The US International Development Finance Corporation (DFC) is set to offer project development funding for Harena Rare Earths plc’s mine located in Madagascar. The funding was announced at the American Mining Industry event held at the US Department of State, representing DFC’s first mining investment in Madagascar. Go deeper with GlobalData Reports Hardeo Damanka Mine Reports VFC-Louder Creek E, F, G, H Mine Go deeper with GlobalData The gold standard of business intelligence. Find out more Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. Find out more This investment aims to advance the development of the Ampasindava Ionic Clay Rare Earth Project, which is fully owned by Harena Rare Earths. The site contains significant concentrations of neodymium, dysprosium and praseodymium, which are used in high-performance magnets for advanced manufacturing...
