Pensana has slowed construction at its Longonjo rare earth mine while it finalises financing, and farmed out its nearby Coola project to ASX-listed Tyranna.

Deuxième producteur africain de diamants en volume, l’Angola héberge d’autres ressources comme le cuivre et les terres rares. Un potentiel minéral

Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri has joined the board of the Qatar-backed Cascade Natural Resources and has expressed his support for the company’s $165-million strategic investment into rare earths company Pensana. The appointment reflects Cascade’s growing international standing and the strong backing of Qatar, as Cascade looks to advance its investment in Pensana and the Longonjo project, in Angola, as well as further deepen its commitment to rare earth supply chains, Pensana says in a statement.

London-listed Pensana has achieved progress on construction of the Longonjo mine, in Angola. The $250-million development is on target and on budget for first mixed rare earth carbonite (MREC) commissioning in 2027 with a 20-year mine life producing initially 20 000 t of clean MREC, expanding to 40 000 t in year four.

La provincia de Huambo en Angola registró 967 000 casos de malaria en 2024 (Tasa de incidencia de 341 por 100 000 hab). Un aumento respecto a los 872 000 del

Pensana PLC is an active Angolan and Saltend focused mineral exploration and development company. Its project includes Longonjo and Coola Exploration. The company has a presence in Australia and Angola.

The Longonjo rare earths project in Angola has received all necessary approvals for full financing, amounting to approximately US$268 million, Pensana (LSE:PRE) said in an update on Tuesday (March 18).Pensana holds an 84 percent stake in its Angolan subsidiary Ozango Minerals, the owner of Longonjo....

Investing.com -- Pensana Plc (LSE:PRE) has secured a $100 million strategic investment to support its U.S. Mine-to-Magnet strategy, the company announced Tuesday. The strategic investor has subscribed for 95 million new ordinary shares, subject to confirmatory due diligence of the Longonjo project and shareholder approval. Additionally, institutional investors will provide $3 million through the issuance of 2.85 million new ordinary shares at £0.80 per share. The funds will be used to maintain development of the Longonjo mine ahead of the U.S. ban on Chinese-origin rare earth magnets in weapon systems from 2027. The investment will also help Pensana provide an alternative source for civilian use of NdPr following the announced 25% tariff on rare earths from China starting in 2026. Paul Atherley, Chairman of Pensana, said: "We are delighted with the $100 million strategic investment from an investor which is highly supportive of our plans to establish a major U.S. Mine-to-Magnet supply chain." The company plans to use the funds to advance drilling programs to extend Longonjo’s life of mine, develop co-products including HREOs alongside magnet metals, and support a Nasdaq listing in 2026. Longonjo mine construction is progressing well, with Angola’s Sovereign Wealth Fund FSDEA recently advancing the balance of a $25 million facility. Once operational from 2027, Longonjo is expected to become one of the world’s largest producers of light and heavy rare earths, capable of supporting production of over 10,000 tonnes of rare earth permanent magnets. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. ABG Sundal Collier, a Nordic investment bank, acted as Pensana’s financial advisor for the transaction. Following admission of the new shares, Pensana’s issued share capital will be 310,141,435 ordinary shares. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. ProPicks AI evaluates PRE alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if PRE is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?

ReElement Technologies Corporation (NASDAQ:AREC) has signed a significant MOU with Pensana PLC to establish a major rare earth oxide supply chain partnership. The agreement includes an offtake of up to 20,000 tonnes annually of Mixed Rare Earth Carbonate from Pensana's Longonjo mine in Angola over five years. Pensana's Longonjo project contains one of the world's largest rare earth deposits, with a JORC compliant reserve of 22 million tonnes grading 3.04% TREO. The partnership combines Pensana's mineral resources with ReElement's advanced refining platform in the United States to create a non-China dependent supply chain. ReElement has been commercially refining rare earth materials since 2023 at its Noblesville, Indiana facility and is expanding capacity at its Marion, Indiana supersite to meet growing U.S. and allied defense industry demand.

Das Longonjo-Projekt von Pensana soll 2027 die Produktion aufnehmen. Die Aktie legt deutlich zu und profitiert von strategischen Infrastrukturvorteilen.

Notes on African exploration projects. There are several interesting mineral exploration projects in the pipeline in Africa.

Pensana’s Longonjo puts Angola on the world stage. LSE listed Pensana’s Longonjo Rare Earth project is fully funded.