Pensana metals. holds 84% stake in Ozango post acquisition.

Pensana metals When operating at capability, the plant aims to produce 5% of world demand for neodymium and praseodymium oxide. Pensana PLC mine and source Magnet Metals for Electric Vehicles and Offshore Wind Turbines. He has worked on numerous biggest energy transitions in history. Pensana lays out blueprint for sustainable rare earths Pensana aims to produce the lowest embedded carbon products in the rare earth industry; as well as a deep and meaningful carbon Pensana Plc | 4,144 followers on LinkedIn. This involves: Pensana Plc | 3,657 followers on LinkedIn. ASX-listed Pensana Metals has appointed the international engineering company Wood Group to execute a preliminary feasibility study for the expedited development of its Longonjo NdPr rare earth project. 02m, with Pensana Plc (PM8, formerly Pensana Rare Earths Plc) is a mineral exploration company with a package of tenements in areas of Tanzania and Angola. Email address. The company explores for neodymium and praseodymium (NdPr), metal rare earth element, fluorite, phosphate, and manganese deposits Pensana Metals has been granted a new exploration licence prospective for NdPr rare earth mineralisation adjacent to its Longonjo Project in Angola. which details the Government’s approach to securing technology-critical minerals and metals Its subsidiaries include Saltend Magnet Metals Limited, Pensana Metals Limited, Carlton Resources Proprietary Limited, Carlton Miyabi Tanzania Limited, Carlton Kitongo Tanzania Limited, and Rift Valley Resources (Africa) Proprietary Limited. The Corporations Act 2001(CA) Manager, Country (Angola) at Pensana Metals . Through recycling, Pensana will reduce the Magnet metal rare earths are central to the transition away from internal combustion engines and critical to electric vehicles and offshore wind turbines. the demand for magnet metals is growing at a rapid pace. The demonstration plots have an area of nine hectares and have now Its subsidiaries include Saltend Magnet Metals Limited, Pensana Metals Limited, Carlton Resources Proprietary Limited, Carlton Miyabi Tanzania Limited, Carlton Kitongo Tanzania Limited, and Rift Valley Resources (Africa) Proprietary Limited. pensana. Pensana Saltend is a future processing facility for rare earth metals at Salt End, near Hull in the East Riding of Yorkshire, England. The proximity to existing, enviable infrastructure is one of the most attractive assets alongside the actual resource results. At Pensana, he has supported the Africa and has directed project delivery for mining clients in various commodity sectors including rare earth metals, diamonds, gold, manganese, iron, copper, cobalt and zinc. Dear shareholders, On behalf of my board colleagues, I am pleased to present the Pensana 2024 annual report. PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES SHAREHOLDER COMMUNICATION & CONTINUOUS DISCLOSURE POLICY SHAREHOLDER COMMUNICATION The Board is to ensure that the shareholders are informed of all major developments affecting the Company. In last year's review, I highlighted that at the beginning of the 2023 calendar year, the company had entered into a non- disclosable exclusivity period with a major strategic mining house for an equity investment of US$220 million at 68. Recognised for their unique physical properties and benefits, magnet metal materials are driving the Pensana Metals is over halfway through a prefeasibility study (PFS) on Longonjo, which it expects to complete by September. PENSANA DEVELOPING A SUSTAINABLE MAGNET METAL SUPPLY CHAIN TO MEET THE BURGEONING DEMAND FROM EVS AND OFFSHORE WIND PENSANA DEVELOPING A SUSTAINABLE MAGNET METAL SUPPLY CHAIN TO AS AT 10 JANUARY 2025 THE TOP 20 HOLDERS OWN 260,214,365 SHARES REPRESENTING 90% OF PENSANA’S ISSUED CAPITAL. The Company is involved in a rare earth mineral project in Angola. “This is a huge milestone for both Pensana, the Humber region and the UK, as part of our ambition to establish a critical magnet metals supply chain to secure the green energy transition. The US$125 million facility, which will generate 100 jobs in operation, underpins the As industries, business and governments make preparations to switch to greener energy alternatives, the demand for magnet metals is growing at a rapid pace. IDENTIFICATION OF RISK The Board is responsible for the oversight of the Group’s risk management and control framework. “It is also an important step for the establishment of an African-based, independent, supply chain of the metals crucial to biggest energy transitions in history. Highlights Diamond drilling reported spectacular NdPr intersections and opens up fresh rock potential at Longonjo The Humber is one of eight Freeports announced in The Budget and houses the world-class Saltend Chemicals Park, managed by the pxGroup, where Pensana proposes to build its magnet metals separation facility. Directors. Responsibility for control and risk management is delegated to the appropriate level of management within the Company with the Managing Pensana Metals is a smaller company with a market capitalization of AU$19m, so it may still be flying under the radar of many institutional investors. Being undertaken by engineering firm Wood Group, the PFS will pave the way for the expedited development of Longonjo with first production expected in 2021, says George. Paulo has been involved with the Longonjo NdPr Project since 2012, offering his exceptional organisation and management skills and Country Manager experience to the company. Pensana is looking towards research and innovation to develop world-leading technology for the recovery and recycling of rare earth magnets. PM8 Director means a director of PM8 from time to time. Pensana Metals Ltd is a mineral exploration company. Pensana Plc Ord 0. Create real-time notifications to follow any changes in the live stock price. RELATED STOCKHEAD STORIES. Owners Pensana said it would create 126 jobs and was expected to begin operations in 2023. Building the world's first sustainable magnet metal supply chain to meet the demand from EV's and Offshore Wind. Pensana Plc | 4,111 followers on LinkedIn. The $195 million facility will produce 12,500 tonnes per annum of rare earth products, with 4,500 tonnes of neodymium and praseodymium oxide. INTRODUCTION The employees, Company Secretary and Directors of Pensana Metals Limited “Pensana” may have in their possession sensitive commercial information which could materially affect the value of Pensana securities. Other Industrial Metals & Mining Industry Comparables . It has a market capitalisation of £74. PENSANA METALS LTD - 2019 ANNUAL REPORT 7 CEO LETTER I am delighted to have joined the Pensana team as it starts the transition of the Longonjo NdPr project from exploration into the pre-development phase. Manager, Country (Angola) at Pensana Metals . Pensana Plc has announced the company has adopted a business plan to seek to establish, subject to funding, a world-class, independent and sustainable supply chain of the rare earth metals vital for electric vehicle, wind turbine and other strategic industries. Angola – The study will focus on the delivery of a low capital cost open pit mining operation and exporting flotation concentrates to Gordon Simpson / Richard Crowley Pensana-LON@fgsglobal. This is a technical indicator that can be used to analyze the instrument's current value and predict future price movement. Saltend is an independent, sustainable supplier of magnet metal oxides to a market which is dominated by www. PM8 Share Price and Trading History. Saltend is an independent, sustainable supplier of magnet metal oxides to a market which is dominated by China. ” Furthermore, Pensana secured funding to support the development of the rare earths facility, under the UK Government’s £1bn Automotive Transformation Fund (ATF). Camp Kitchen Equipment Transported via the Lobito Port – Arriving and Stored on Site. Pensana Plc Overview Other Industrial Metals & Mining / Basic Materials. Pensana’s Saltend rare earth processing hub will be the world’s first independent and sustainable rare earth separation plant, with plans to produce 5% of the global magnet metals by 2024. for $0. Specifically, the company will produce 12,500 Pensana has provided the following update on activities at the Longonjo mine site ahead of main construction. pdf. George has 30 years industry experience and a proven track record in Africa of bringing projects from exploration and development into construction. Building the world's first sustainable magnet metal supply chain to meet the demand from EV's and Offshore Wind. Pensana Plc Suite 31, Second Floor 107 Cheapside London EC2V 6DN United Kingdom. Work on the site started in 2021, with full opening by 2023. ” The company also announced securing Pensana PLC mine and source Magnet Metals for Electric Vehicles and Offshore Wind Turbines. Battery metals. James, London, Pensana Metals Ltd (ASX: PM8) is pleased to announce the grant of a new exploration licence prospective for NdPr rare earth mineralisation adjacent to its Longonjo Project in Angola. Pensana Plc is a United Kingdom-based rare earth exploration and development company. The Companyâ s flagship assets are the Saltend rare earth refinery project in the Pensana will use the low-cost and resilient supply of low-carbon electricity to power the Saltend rare earth separation facility and then later to power the conversion of neodymium Pensana aims to produce the lowest embedded carbon products in the rare earth industry; as well as a deep and meaningful carbon reduction with the aim to achieve net zero across the value chain by no later than 2040. This is a technical indicator that can be used to analyze the instrument's current value and predict As industries, business and governments make preparations to switch to greener energy alternatives, the demand for magnet metals is growing at a rapid pace. Pensana Plc, together with its subsidiaries, engages in the exploration and development of mineral properties in the United Kingdom and Angola. Magnet metals are central to the transition and critical to high value manufacturing applications such as electric vehicles and offshore wind turbines. | Building the world’s first sustainable magnet metal supply chain to meet burgeoning demand from The Coola Exploration Project License is located in central Angola, north of Pensana’s Longonjo Rare Earth Refinery Project. The Humber is one of eight Freeports announced in The Budget and houses the world-class Saltend Chemicals Park, managed by the pxGroup, where Pensana proposes to build its magnet metals separation facility. He strongly supports the Group in its aim to become the world’s lowest carbon magnet metal producer. with plans to produce 5% of the global magnet metals in 2024. You should, therefore, consider the appropriateness of the advice, in light of Pensana is establishing in the UK a world-class, independent, and sustainable supply chain for rare earth magnet metals vital for the electric vehicle and wind turbine industries. Last Annual June 30th, 2024 Last Interim June 30th, 2024 At Pensana, he has supported the metallurgical flowsheet development and helped push Value Engineering initiatives and Capital Cost interrogation on their behalf with their engineer, Wood. 3 has at least three members. 2 “This is a huge milestone for both Pensana, the Humber region and the UK, as part of our ambition to establish a critical magnet metals supply chain to secure the green energy transition. REMUNERATION COMMITTEE A Remuneration Committee is to be maintained which: 1. A. PM8 Share means a fully paid ordinary share issued in the capital of PM8. Scheme Implementation Agreement 5 PM8 Group means PM8 and its Subsidiaries. co. From buses to trains to trucks, drones, heating, cooling, industrial automation and robotics the Pensana, the rare metals exploration company focused on its magnet metals projects in Angola has said that geophysical surveys conducted at its Coola and Sulima West exploration programmes in Angola in late 2023 revealed promising anomalies. KEY TAKEAWAYS. 4m ($131m). Magnet metals miner Pensana, continuing with the site development works for its rare-earth elements Longonjo project, in Angola, reported towards the end of August that it was progressing with As industries, business and governments make preparations to switch to greener energy alternatives, the demand for magnet metals is growing at a rapid pace. Recognised for their unique physical properties and benefits, magnet metal materials are driving the change, fuelling EVs, wind turbines, transport, domestic appliances, and military equipment. The facility will be the first of its kind in Europe. They offer traceable rare earth products with a plan to sell the lowest Pensana Metals Limited, formerly Rift Valley Resources Limited, is an Australia-based mineral exploration company. | Building the world’s first agreement between Pensana and Hanwa, ensuring high quality magnet metal products with leading ESG benefits are available to Hanwa’s Global customers. The company explores for neodymium and praseodymium (NdPr), metal rare earth element, fluorite, phosphate, and manganese deposits. Pensana Metals serves customers worldwide. The 7,456 square kilometre Coola Project lies 16 kilometres from Longonjo and Pensana Metals Limited (ASX:PM8) (“Pensana” or “the Company”) announces that the Company intends to undertake an investor roadshow in London in the week starting 8 April 2019, ahead of a planned listing on the Main Board of the The expansion of Longonjo, which Pensana estimates will cost $100-million, will double capacity to 40 000 t/y of mixed rare earth carbonate (MREC) containing 4 200 t of neodymium and praseodymium. News. Magnet metals and rare earths miner Pensana has completed the front-end engineering design (FEED) for its UK-based Saltend rare earths production facility and its Angola-based Longonjo mine Pensana Metals Ltd is a mineral exploration company. 4 pence per share. The government’s first undisclosed investment to strengthen its supply of critical minerals goes into a project run by London-listed Pensana to turn rare earth oxides into metals — crucial Pensana, Hanwa Sign MoU for Magnet Metal Materials Offtake 24-09-09: MT Pensana to Issue Shares as Partial Repayment of GBP2 Million Directors Loan Facility 24-07-23: MT Future Metals celebrates state government grant 24-05-15 William Izod was appointed in October 2021 as a Chief Commercial Officer (CCO) of Pensana with an additional strong focus on developing relationships with off-take partners. " The rare earths produced by Pensana will be used in permanent magnets which power electric vehicles and offshore wind turbines. For the purposes of this policy, ‘employee’ includes any consultant or contractor to the Company. PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES DIVERSITY POLICY The Company recognises that a diverse and talented workforce is a competitive advantage and that the Company’s success is the result of the quality and skills of our people. We also talk about Pensana Metal’s Longonjo project who will be a significant supplier of raw materials to the expanding magnet metal market – a market driven by the electrification of transport and the drive to green energy generation. Fiscal Period: June 2020 2021 See the most recent Pensana Metals Ltd (LSE:PRE) share price, news, company analysis, and price history from our financial experts. "By the time 2035 comes, the deficit of rare earth metals will be 15 times Pensana's projected annual production. Angola has always been focussed on oil in terms of major revenue streams. Recognised for their unique physical properties and benefits, magnet metal Magnet metals company Pensana is at an advanced stage in its financing of both the Saltend rare earth separation facility, in the UK, and the Longonjo mine, in Angola, the company said on April 3. When operating at capability, the plant aims to produce 5% of world demand for neodymium and praseodymium oxide. The MMTA caught up with CEO Tim George to ask about Pensana’s plans for Saltend. The principal activity of the [AE] Pensana Plc CEO, Tim George. Sales by Activity: Pensana Metals Ltd. | Building the world’s first sustainable magnet metal supply chain to meet burgeoning demand from The Annual General Meeting of the Shareholders of Pensana Metals Limited ("Pensana" or the "Company") will be held at: The registered office of Pensana Metals Limited Ground Floor, 10 Outram Street, West Perth WA 6005, AUSTRALIA Commencing at 10am (WST) on Friday 29th November 2019 How to Vote Pensana Plc is a United Kingdom-based rare earth exploration and development company. PENSANA Plc | COMPANY PRESENTATION Introduction 0 50 100 150 200 250 0 0 0 20 0 0 21 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 Corporate Profile LSE standard As industries, business and governments make preparations to switch to greener energy alternatives, the demand for magnet metals is growing at a rapid pace. Agricultural demonstration plots have been established by South African agriculture consultants, Vuna Agri, as part of the Livelihood Restoration Programme. This was PM8 means Pensana Metals Ltd ACN 121 985 395. OPEC-member Angola is keen to diversify its oil-dominated economy while Pensana and M&G see opportunities in the surging market for metals in the green energy transition. 08 million. Check out the latest news, insights and unique analysis brought to you by Stockhead's team of business journalists and industry experts on Pensana Metals. PENSANA PLC PRE Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Discover Start your journey here Pensana PLC mine and source Magnet Metals for Electric Vehicles and Offshore Wind Turbines. pensana is developing one of the world’s largest rare earths deposits vital for electric vehicles, wind turbines and other strategic industries. (ASX:PM8) acquired additional 14% stake in Ozango Minerais S. During his career he has had operations experience on various mines at section engineer, divisional engineer and Pensana Metals Ltd (ASX: PM8) (the Company or Pensana) is pleased to present its quarterly activities report for the period ended 30 September 2019. Pensana Metals has hit the highest price it has traded for over the last year (52 week period). 001 is listed on the London Stock Exchange trading with ticker code PRE. For personal use only. Our analysis of the ownership of the company Pensana Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker PRE. L) (the Company) is pleased to provide the following update on debt finance for the metals crucial to the energy transition, which captures significant value within Angola and creates several hundred long-term high value jobs within the local community. Responsibility for control and risk management is delegated to the appropriate level of management within the Company with the Managing Introduction to Pensana PLC Pensana PLC (“Pensana”) is in the process of establishing a world-class, independent, and sustainable supply chain for the rare earth metals vital for electric vehicle, wind turbine and other strategic green technology industries. ESG. Pensana is aiming to fully-fund the Longonjo project at the subsidiary level, Ozango Minerais (84% Pensana), which owns 100% of the Longonjo project and as a result the company’s holding in Ozango Minerais is expected to reduce from 84% to ~64% at a read-through valuation of 66 pence per share. L and is developing the Saltend separation the demand for magnet metals is growing at a rapid pace. Recognised for their unique physical properties and benefits, magnet metal materials are driving the change, fuelling EVs, wind Pensana Plc is a United Kingdom-based rare earth exploration and development company. Pensana Plc (LSE: PRE) (“Pensana” or “the Company”) today announces the Company has adopted a business plan to seek to establish, subject to funding, a world-class, independent and sustainable supply chain of the rare earth metals vital for electric vehicle, wind turbine and other strategic industries. Pensana Metals fully owns the project and is developing it at a capital cost of £168. The US$125 million facility, which will generate 100 jobs in operation, underpins the Pensana Metals Ltd is a mineral exploration company. Contact Details. The Directors of Pensana Metals Ltd (formerly Rift Valley Resources Limited) (“the Company”) submit herewith the annual financial report of Pensana Metals Limited and its controlled entities (“Consolidated Entity”) for the year ended 30 June 2018. Highlights Diamond drilling reported spectacular NdPr intersections and opens up fresh rock potential at Longonjo Pensana Metals is a Stockhead advertiser. Ground Floor, 10 Outram Street , Mineral corporation Pensana recently won a bid to build mineral extraction plants in Angola, the first British-affiliated REE facility scheduled for operation in a decade. The Pensana Rare Earths Plc is focused on the development of a Neodymium and Praseodymium (Ndpr) project located in Longonjo, Angola. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (Nd Pr) Project in Angola. Pensana Plc ("Pensana" or the "Company") Letter of Intent with Yorkshire Energy Park for Magnet Metal Site Pensana is pleased to announce that, at an on-site event on Friday, the 17th of November, Pensana and The Yorkshire Energy Park (“YEP”) signed a letter of intent for the site of a future permanent magnet metal facility within the park. Pensana, a new company started in 2019, has secured approval to build what it says will be the world’s first sustainable rare earth separation facility in the new Humber Freeport in the UK. London-listed rare earths project developer Pensana, through its 84%-owned subsidiary Ozango Minerais, supply chain of the metals crucial to the energy transition, PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES HEALTH SAFETY & ENVIRONMENT POLICY The health and safety of all personnel operating on the Company’s sites is of great importance to the Company. The company's development of the Longonjo Project is to ultimately realize the company's goal of being major, critical supplier of raw materials for the move towards the electrification of society. read more A fluent speaker of both Portuguese and English, he has established a wide network of governmental and commercial contracts. 50 million on October 31, 2018. Our policy is to recruit and manage on the basis of ability and qualification for Title: Microsoft Word - PM8 - Nomination_Committee_Charter. Pensana is a magnet metal exploration company, whose Pensana Plc announced the Company has adopted a business plan to seek to establish, subject to funding, independent and sustainable supply chain of the rare earth metals vital for electric vehicle, wind turbine and other strategic industries. uk * ASX: PM8 * CN 12206525 100 Pall Mall, St. 00p to 35. Work on the site started in 2021, with full opening by 2023. Pensana (PRE. This Pensana Plc is a United Kingdom-based rare earth exploration and development company. Rare earths junior Pensana (LON: PRE) Critics are also sceptical of the company’s goal of producing 5% of global magnet metals by 2024. The Saltend project has an estimated capital cost of Pensana logo Ð option 4 Pensan a metals Pensan a metals 24 October 2018 Quarterly Activities Report For the Period Ended 30 September 2018 Pensana Metals Ltd (ASX: PM8) (the Company or Pensana) is pleased to present its quarterly activities The UK’s Critical Minerals Strategy was launched in July at the ground breaking ceremony for the $195m Pensana’s rare earth refinery at Saltend Chemicals Park near Hull. Over the last year, Pensana shares have traded in a share price range of 13. PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES RISK MANAGEMENT POLICY 1. Pensana Metals Ltd (“Pensana” or “Company”) (ASX: PM8) is pleased to announce that it has acquired an additional 14% equity in Angolan subsidiary company Ozango Minerais SA (Ozango) for US$500,000, which holds title to the Longonjo NdPr project. The market capitalisation of Pensana is £75. Pensana, through its 84% owned subsidiary Ozango Minerais SA, which owns 100% of the Longonjo project, has concluded a non-binding term sheet with the Longonjo lender consortium for a project finance debt facility. Pensana Metals Ltd (ASX: PM8) (the Company or Pensana) is pleased to present its quarterly activities report for the period ended 30 September 2019. As previously announced the early-stage development activities are being funded by a US$15 million PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES SECURITIES TRADING POLICY 1. The last closing price for Pensana was 26p. WHY INVEST WITH US. Pensana in several advanced offtake discussions Pensana looks to achieve first production at Longonjo in 2025. Pensana is listed in the Industrial Metals sector. docx Author: Scott Mison Created Date: 8/23/2019 10:30:56 PM [Angola's Longonjo Rare Earth Mine Signs Underwriting Agreement] According to MiningWeekly, the London-listed rare earth miner Pensana has recently signed a non-binding memorandum of understanding with Japanese trading group Hanwa, which will be responsible for underwriting up to 20,000 tonnes of mixed rare earth carbonate (MREC) annually. Get the latest Pensana PLC (PRE) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. 2 is chaired by an independent director; 1. This advice has been prepared without taking into account your objectives, financial situation or needs. including 4,500 tonnes of magnet metal rare earth oxides. READ MORE . Screen With Investor 1-Day Chart Name. TAKE NOTICE that at 10:00 am (Perth time) on 22 January 2020 at the Supreme Court of Western Australia, Pensana Metals has hit the highest price it has traded for over the last year (52 week period). Pensana will use the low-cost and Pensana, Hanwa Sign MoU for Magnet Metal Materials Offtake 24-09-09: MT Pensana to Issue Shares as Partial Repayment of GBP2 Million Directors Loan Facility 24-07-23: MT Future Metals celebrates state government grant 24-05-15 In February 2020, Pensana Metals redomiciled in the UK through Pensana Metals' acquisition by a successor entity, Pensana Rare Earths plc. 1 comprises a majority of independent directors; 1. PENSANA METALS LTD (formerly Rift Valley Resources Limited) – 2018 ANNUAL REPORT 7 From hairdryers to electric vehicles to grid scale wind turbines, electric motors will be at the core of our clean energy future. PREAMBLE This Code of Conduct sets out the principles and standards which the Board, management and employees of the Company are encouraged to strive to abide by when dealing with each other, shareholders and the broad community. To supply Pensana plans to establish Saltend as a processing hub for the independent and sustainable supply of rare earth magnet metals to a market currently dominated by China. Pensana currently has 288,772,873 shares in issue. Low carbon products. Once fully operational, it will aim to produce five per cent of the world’s demand for global magnet metals, contributing significantly to ‘levelling up’ the UK economy by fostering the creation of high-value job opportunities. Pensana plans to establish Saltend as Pensana Saltend is a future processing facility for rare earth metals at Salt End, near Hull in the East Riding of Yorkshire, England. The $125m facility hopes to produce around 12,500 annualised tonnes of rare earth oxides, including 4,500 tonnes of magnet metal rare earth oxides. Pensana PLC is an active Angolan and Saltend focused mineral exploration and development company. 50p. for the past twenty-two years, for mining companies, including BHP Billiton (base metals), De Beers (diamonds) and Noventa/HAMC (tantalum). PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES REMUNERATION COMMITTEE CHARTER 1. ” Paul Atherley, Pensana hairman commented - “We are delighted to be working with Hanwa with a view to establishing a long term and sustainable supply of high-quality magnet metal PENSANA METALS LIMITED CORPORATE GOVERNANCE POLICIES CODE OF CONDUCT 1. com About Pensana Plc The electrification of motive power is the most important part of the energy transition if we are to tackle climate change and one of the biggest energy transitions in Metals company Pensana on September 14 confirmed that the Sulima West laterite target at its Coola exploration project, in Angola, contains three main types of rare-earth minerals. In February 2021, Pensana Rare Earths changed its name of Pensana Plc. Since the award of the prospecting license in March 2020, multiple field programs have been undertaken involving stream sediment sampling, soil sampling, geological mapping, rock chip sampling, trench and pit sampling, geophysical magnet metal supply chain Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report on the progress the Company is making to bring Longonjo online as the first major rare earth mine in over a decade and in establishing a sustainable magnet metal supply chain to meet the burgeoning demand from the EV and Offshore Wind industries. L. Magnet metal and rare earths miner Pensana has completed the front-end engineering design (FEED) for its UK-based Saltend rare earths production facility and its Angola-based Longonjo mine View today's Pensana Metals Ltd stock price and latest PM8 news and analysis. PM8 Board means the board of PM8 Directors from time to time. London-listed Pensana achieved considerable progress for the six months ended December 31, 2021, as the company looks to establish an independent and sustainable magnet metal rare earth production PM8 means Pensana Metals Ltd ACN 121 985 395. Pensana is receiving strong interest from automotive and wind turbine OEMs, who are looking to secure transparent and independent supply with low embedded carbon. For so long as the law requires, shareholders will be London-listed Pensana has signed a letter of intent with Yorkshire Energy Park (Yep) which ensures access to between 4 MW and 10 MW of low-carbon electricity. Testing at Coola, Pensana Metals has appointed experienced Minerals Engineer Tim George as CEO. MMTA Pensana’s is targeting production of Pensana Metals Limited ACN 121 985 395 Notice of hearing to approve scheme of arrangement TO all members of Pensana Metals Limited (ACN 121 985 395). RELATED: Financing of Pensana’s Saltend and As industries, business and governments make preparations to switch to greener energy alternatives, the demand for magnet metals is growing at a rapid pace. Pensana claims Humber hub will be the world's first rare earth processing facility powered by offshore wind. ” Pensana Plc is a United Kingdom-based rare earth exploration and development company. Pensana plans to establish Saltend as an independent, sustainable supplier of the key magnet metal oxides to a market which is currently dominated by China. (Alliance News) - Shares in Pensana PLC rose on Monday, after securing a new debt finance facility for its flagship Longonjo project. Article. Pensana Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker PRE. Pensana Metals Ltd (PM8), 11/02/2020; Rift Valley Resources Limited (RVY), 24/09/2018; Bright Star Resources Limited (BUT), 27/08/2012. holds 84% stake in Ozango post acquisition. Pensana Metals Ltd. Pre-feasibility study (PFS) of the Longonjo project was completed in November 2019. As industries, business and governments make preparations to switch to greener energy alternatives, the demand for magnet metals is growing at a rapid pace. This is approximately 5% of 2025 projected world demand, according to the company. Whilst Pensana’s magnet metal oxide production is an important step it still leaves Pensana is developing the world’s first renewably-powered rare earth metal processing facility based at Saltend, Hull. Mining investment news, insights, and company profiles Sean is an experienced corporate executive within the natural resource sector, having held senior roles in mining companies including Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC. This will be the UK’s first new rare earth refinery in decades. Recognised for their unique physical properties and benefits, magnet metal materials are driving the change, fuelling EVs Pensana is looking towards research and innovation to develop world-leading technology for the recovery and recycling of rare earth magnets. Pensana is set to play a vital role in transforming the UK’s electric vehicle and offshore wind industries, by producing low-embedded carbon magnet metals and creating high-value local jobs. Pensana is a supply chain for the rare earth metals vital for electric vehicles, wind turbines, and other strategic industries. Pensana Metals (ASX:PM8) Company Profile. Rare earth mines are very difficult to bring into production," he said. Longonjo neodymium-praseodymium project is an open-pit mine producing neodymium and praseodymium located in the African nation of Angola. Pensana has completed a FEED and value engineering study (VES) into establishing a UK-based independent and sustainable supply of the magnet metal rare earths vital for the electric vehicle, offshore wind turbine and other strategic industries. . Recognised for their unique physical properties and benefits, magnet metal materials are driving the change, Pensana Plc is a UK Company based in London listed on the Main Board of the London Stock Exchange under the code PRE. The Companyâ s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola. ffwtp mzma ofpsmo prsjl xblcbh gxvsb oguki cqik sexgc ybwgject