Harena Rare Earths (HREE ) has disclosed the identities of its major new shareholders, following a £2 million subscription that was conducted towards the end of February.
Matthew Press has taken 3.47% of the company, and Gregory Coffey has taken 9.7%.
Coffey is a well-known Australian hedge-fund manager, who came up through Macquarie, GLG and Moore Capital.
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Big names for a big project? The arrival of Coffey onto the register is certainly a moment that will make investors sit up and take notice. Reckoned to be worth more than A$1 billion, Coffey’s is a name to be reckoned with, and shows just what kinds of leagues Harena is now playing in.