Company
Pensana PLC
LON:PRE
Pensana PLC is advancing one of the world's largest undeveloped rare earth mines – the Longonjo neodymium-praseodymium (NdPr) mining project in western Angola. At full production, Longonjo is expected to produce ~5% of the world production of NdPr in the form of an exported mixed rare earth carbonate. The upfront capital cost of US$200 million for the fully permitted mine and processing facilities is amongst the lowest amongst its peers making Pensana highly competitive.
20 stories
Rare earths & specialist minerals
Pensana inks offtake deal for 25% of production
"This agreement represents a significant step forward in our goal of providing an independent and sustainable supply of rare earth magnets for the electric vehicle and offshore wind industries,” said chairman Paul Atherley
Rare earths & specialist minerals
Pensana sees licence fee payments decline in 2021
In line with the UK regulations, where payment or a series of related payments have not exceeded £86,000 they have not been disclosed.
Rare earths & specialist minerals
Pensana receives heavyweight backing as M&G invests £10mln
The fund manager subscribed for new shares in a placing at 81p
Archive
Today's Market View - Pensana Rare Earths, Metal Tiger, Eurasia Mining and more...
Eurasia Mining* (LON:EUA) 26.77p, Mkt £743m – Eurasia places 53m new shares with US institution at 26.5p raising £14m Eurasia Mining has placed 53.3m new shares at 26.5p/s plus warrants raising £14.126m (~$20m). The warrants effectively giv