(Alliance News) - Pensana PLC on Wednesday said it signed an agreement with Vacuumschmelze GmbH & Co. KG to establish a mine-to-mine magnet supply chain in the US. Read More
(Alliance News) - Pensana PLC is backing out of plans to build a GBP250 million rare earths refinery in the UK as it shifts focus to the US. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - Pensana PLC on Tuesday said it is considering listing on the Nasdaq Stock Market, following interest from potential US investors and partners in its Longonjo project. Read More
Pensana PLC - London-based rare earths explorer - Names Karen Brown as its new chief operating officer, with effect from October 1. Brown replaces Rocky Smith, who will continue with the company as part of the team currently developing the Longonjo project. Brown spent 21 years as managing director at Neo Materials Chemicals & Oxides for Europe, part of Canadian chemical manufacturing firm Neo Performance Materials Inc. Neo develops magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals and alloys for the rare earth sector. Read More
Pensana PLC - London-based rare earths explorer - Appoints US-based Stonegate Capital Partners Inc as adviser to provide investor outreach and initiate research coverage. Says the move is part of its strategy to raise its profile in the US, and target institutional investors and strategic partners. Chair Paul Atherley says the company looks forward to working with Stonegate to engage North American investors, following US moves to realign rare earth supply chains. "Following the recent developments with the US administration and MP Materials Corp in realigning magnet metal rare earth supply chains to the US we are very much looking forward to working with the Stonegate team in presenting the Pensana story to North American institutional investors adding to the growing interest in the company's US OTC listing." Read More
(Alliance News) - Pensana PLC on Monday said construction progress on the Longonjo rare earth project in Angola is on track to meet the capital cost schedule. Read More
(Alliance News) - Pensana PLC on Monday said it has signed a memorandum of understanding with American Resources Corp and its subsidiary ReElement Technologies, which is a US critical mineral refiner. Read More
(Alliance News) - Pensana PLC on Monday said it signed a non-binding memorandum of understanding for a rare earth offtake agreement with Toyota Tsusho Corp, part of Toyota Group. Read More
(Alliance News) - Pensana PLC on Monday said it has started main construction at its Longonjo rare earths project in Angola, marking a milestone in the development of one of the world's "largest undeveloped magnet metal deposits". Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Pensana PLC on Wednesday announced an upgraded ore reserve estimate and engineering update for its Longonjo rare earth project in Angola, describing it as one of the largest and highest-grade undeveloped magnet metal projects in the world. Read More
Pensana PLC - London-based rare earths explorer - reports USD2.9 million loss for the six months ended December 31, narrowed from a USD3.5 million loss the year before. Company is non-revenue generating but administration expenses decreased 26% on-year to USD2.5 million from USD3.5 million. Cash & equivalents total USD40,133 as of December 31, down 97% from USD1.5 million at June 30. Says early construction activities at the Longonjo rare earth project in Angola continued during the period. Also notes that that in March it received approvals for full financing worth around USD268 million. "The approval for main financing is a key milestone and now allows for the full commencement of main construction activities at Longonjo," Pensana says. The debt funding comprises about 60% of Longonjo's phase 1 project funding, and includes participation by Africa Finance Corp of USD81.2 million and by ABSA Bank Ltd of USD78.8 million. Company also notes that it has access to a GBP3.0 million term loan facility and GBP1.72 million available under a directors' loan facility, so does not require immediate funding to provide working capital. Read More
(Alliance News) - Pensana PLC on Tuesday announced it has secured full financing approvals for its Longonjo rare earth project in Angola, with total funding commitments reaching approximately USD268 million. Read More
(Alliance News) - European stocks were in the green at midday on Tuesday, with risk appetite "tentatively returning" ahead of a slew of central bank decisions later this week. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
Pensana PLC - London-based rare earths explorer - Chair Paul Atherley purchases 275,000 shares in the range of GBP0.279 to GBP0.294 on Thursday for an aggregate price of GBP78,066.50. Read More
(Correcting that Pensana is listed on the Main Market, not AIM.) Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More