Harena Resources (LSE:HREE) has announced that Ivan Murphy will add executive responsibilities to his role as the company's chair.
The current non-executive chair's duties will officially be upgraded effective from 1 October.
This change is intended to support the company’s advancement of the Ampasindava Project in Madagascar, as executive technical director Alan Mulligan focuses fully on licence submissions and technical and environmental programmes.
"I look forward to transitioning to the role of executive chair of Harena having had such a long-standing relationship with the Ampasindava project," Murphy said in a statement.
"In addition, I look forward to working closely with the Board as we advance the Ampasindava Project towards production.
Murphy added: "With a 600,000-tonne ionic clay, free-dig, magnet metal heavy rare earth resource, Harena offers a unique and strategic opportunity at a time when mineral security is increasingly prioritised across the U.S. and the western world."
The company said it has also begun a process to publicly cross-trade on the OTCQB Venture Market in the United States.