(Alliance News) - Pensana PLC on Wednesday said a proposed strategic investment into the company has been increased to USD165 million to support the development of its US mine-to-magnet strategy and the Longonjo rare earth project in Angola. Read More
(Alliance News) - Pensana PLC on Tuesday announced that construction at its Longonjo Rare Earth Project is on track for first production next year. Read More
(Alliance News) - The FTSE 100 was called lower for the second day running on Tuesday, as war in the Middle East enters its fourth day while the UK waits for the chancellor's spring statement. Read More
Pensana PLC - London-based developer focused on developing a mine-to-magnet rare earth supply chain - Says the final tranche of USD25 million financing has been received by subsidiary Ozango Minerais SA as part of the Longonjo mine finance. Back in May, Pensana reported a USD25 million equity tranche would be deployed into Ozango by the Angolan Sovereign Wealth Fund. Says the financing has been received and is currently being fully deployed towards the Longonjo main construction workstreams. Owing to the receipt of funds, Pensana says its stake in Ozango should fall to 68.4% from 84%. Adds that the effective ownership is expected to face further change as a result of the USD100 million strategic investment announced in December. "Pensana's ownership is expected to increase and this will be communicated to the market accordingly in due course," the company says. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
Pensana PLC - London-based developer focused on developing a mine-to-magnet rare earth supply chain - Announces that main construction activities at the Longonjo rare earths mine and processing facility in Angola are now "well underway", on budget and with first production on target for commissioning in 2027. The company says permanent power, potable water, wastewater treatment, telecommunications, and site security infrastructure were installed and commissioned in 2025. It is now able to fully support the growing construction workforce as the project executes the large-scale construction workstreams through 2026, Pensana adds. Read More
(Alliance News) - Pensana PLC on Thursday said Angola's sovereign wealth fund has agreed to a staged conversion of its bridging loan and hailed ongoing shareholder support for its proposed plans to develop a US mine and list in New York. Read More
(Alliance News) - Pensana PLC on Tuesday said it has secured a USD100 million strategic equity investment to accelerate development of its Longonjo rare earths project and support its US "mine-to-magnet" strategy. Read More
(Alliance News) - Pensana PLC shares rose on Thursday after it announced the results of a detailed flow sheet technical review at the Longonjo rare earth project in Angola. Read More
(Alliance News) -Pensana PLC on Tuesday said it is in advanced engagement with the Export-Import Bank of the United States for up to USD160 million in debt funding. Read More
(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