(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Monday said the Angolan sovereign wealth fund was "very satisfied" with the construction progress of its Longonjo project following a site visit last week. Read More
(Alliance News) - Pensana PLC on Wednesday updated on construction activities at its Longonjo rare earth mine site in Angola, citing civil works for the camp, as well as the rehabilitation of the access road to the railway station near the mine. Read More
(Alliance News) - Pensana PLC on Monday said it signed a letter of intent for the site of a future permanent magnet metal facility within Yorkshire Energy Park. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Monday said that Chair Paul Atherley met with Nusrat Ghani, the UK's minister of state at the Department for Business & Trade. Read More
Pensana PLC - rare earths explorer - Receives GBP316,643 in grant funding by Innovate UK under its CLIMATES programme. Pensana works in partnership with Polestar, Route2 and the universities of Leeds and Hull to develop a low carbon sustainable supply chain for rare earth magnets. The project is backed by the UK government. "Rare earth elements underpin so much of what makes everyday life and work possible, from the cars we drive to the phones we use. It is essential that, in a rapidly changing world, we do all we can to ensure resilient supplies of these and other critical minerals. We are laser-focused on securing robust supply chains, for the growing, green industries that will deliver jobs and prosperity across the UK in the decades to come," says Nusrat Ghani, minister of state at the Department for Business & Trade. Read More
Pensana PLC - rare earths explorer - Finds 22% phosphorus pentoxide, around 27% calcium oxide and 41% ferric oxide and 0.7% total rare earth oxide at Sulima West of Coola exploration license in Angola. Further, notes sampling with an area of about 15 hectares of over 2% total rare earth oxide in soils with a core zone of high-grade soils reporting over 4% total rare earth oxide. Exploration Manager Grant Hayward says: "We are extremely happy with the results of the soil sampling over Sulima West which identified an area of roughly 15 hectares with greater than 2% TREO in soils." Read More
(Alliance News) - Pensana PLC on Monday said re-engineering work at its Longonjo rare earth mine is progressing as planned. Read More
Pensana PLC - rare earths explorer - Outlines new plan which will reduce capital expenditure at Longonjo asset to USD105 million from USD200 million. Major shareholder FSDEA to provide immediate USD15 million loan facility, which forms part of a broader USD80 million investment. Funding will go towards development of mine. Absa Bank, meanwhile, will arrange USD120 million project debt facility. "We are delighted with the ongoing support from the government of Angola, FSDEA, Absa and others for the development of this important project. Longonjo is one of the world's largest undeveloped rare earth projects which benefits from a high-grade near surface orebody, with low-cost hydroelectricity and direct access to the Lobito Corridor rail and port infrastructure," Chair Paul Atherley says. Mine will employ around 650 people during construction and will create 420 permanent high value jobs, Pensana adds. Read More
(Alliance News) - Pensana PLC on Monday posted an updated on its Saltend rare earth separation facility in England and the Longonjo undeveloped rare earth mine in Angola. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - London's FTSE 100 rounded off a difficult March with gains on Friday, as an easing of inflationary pressure in Europe and the US lifting the mood. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Monday said that its Saltend and Longonjo projects have commenced on-site construction programmes. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Friday not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Wednesday said it has been finalising specifications across each of its operations in order to keep to its planned construction and execution schedule for the year. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Pensana PLC on Tuesday published its 'Blueprint for Sustainable Rare Earths' sustainability report, as it seeks to supply rare earth metals for the energy transition. Read More
Pensana PLC - London-based rare earth metal miner - Reported on Friday a total rare earth oxide reserve at the Longonjo mine of 767,000 tonnes at 2.55%. The proved total rare earth oxides was 3.19% while probable TREO was 2.05% using a NdPrO cut-off of 0.3%. Cutoff grade is the minimum grade required for a mineral to be economically mined. Material found above the grade is considered to be ore. NdPrO is neodymium and praseodymium oxide. Ore reserve estimate was undertaken by Snowden Optiro. The Longonjo rare earths deposit is based in Angola. Read More