Pensana PLC (LSE:PRE, OTC:PNSPF) has received the first US$15 million tranche of a US$165 million strategic investment from Cascade Natural Resources, giving the rare earths developer fresh capital to push ahead with its US mine-to-magnet strategy and the Longonjo project in Angola. The...

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The MoU outlines key terms including the proposed offtake of MREC from Pensana's Longonjo mine.

Britain's hopes of becoming a critical minerals superpower have been dealt a severe blow after one of its leading companies abandoned its plans to build a rare earths refinery near Hull. Pensana had pledged to build a £250m refinery on the banks of the Humber, to process rare earths that would have then been used to make magnets for electric cars and wind turbines. The plant promised to create 126 jobs and was due to receive millions of pounds of government funding.

Key Insights Pensana's estimated fair value is UK£1.52 based on 2 Stage Free Cash Flow to Equity Current share price of...

Key Insights Institutions' substantial holdings in Pensana implies that they have significant influence over the...