28 June 2019
A chance to hear the Rare Earth story behind the biggest energy transformation in history ahead of a London listing
Tim George, the newly appointed CEO of Pensana Metals, will be meeting with investors in London during the week of the 22nd July.
RFC Ambrian recently assisted Pensana in an heavily oversubscribed A$5m capital raising to fund the completion of a pre-feasibility study for their large, high grade Longonjo Rare Earths project in Angola. The raising enjoyed significant support from London institutions. At ~10%, Fidelity are currently the largest institutional shareholder and preparations for a London listing of the company in the autumn are underway.
World Class Deposit - Longonjo is one of the world’s largest and highest grade Rare Earths deposits with high Neodymium and Praseodymium (“NdPr”) concentrations and importantly, and perhaps uniquely, is adjacent to newly built infrastructure.
NdPr are the key, indispensable metals in permanent magnets used in electric motors, and as such are the cornerstone enablers of the electrification of motive power revolution. In a sector currently dominated by Chinese groups, Pensana Metals is set to be the next NdPr producer and only the second Western company (after Lynas Corporation) to do so.
Pre-Feasibility Study due in September – The PFS is studying the mining and processing of the near surface high grade NdPr ore into a concentrate for export to China and elsewhere via the adjacent $1.8 billion Benguela rail line which connects with the recently upgraded $2 billion Atlantic Port of Lobito. The company will be starting construction in 2020 and be in production in 2021.
Do please let us know if you have time to meet with Tim and hear this excellent and exciting story.
Contact Charlie Cryer on +44 (0)20 3440 6834
+44 (0)20 3440 6834
+44 (0)20 3440 6822
*RFC Ambrian acts as Financial Adviser to this company