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Pensana says Longonjo rare earths mine construction tops 30% as financing talks continue

PUBT·09/25/2026 06:07:01
Pensana says Longonjo rare earths mine construction tops 30% as financing talks continue
  • Pensana flagged funding delays at its Longonjo rare earths mine, extending the construction schedule from 2028 to late 2028.
  • Construction is over 30% complete; high-cost site work, detailed design, and long-lead procurement were ramped down pending financing.
  • Financing talks continued on Cascade’s USD 165 million investment backed by Qatar; USD 15 million has been received.
  • Offtake negotiations advanced to underpin planned debt facilities with ABSA and EXIM.
  • Accepted a farm-in at the Coola project with ASX-listed Tyranna, targeting USD 2.6 million exploration spend over three years.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pensana plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609250200PR_NEWS_PRUKDSCX_0012) on September 25, 2026, and is solely responsible for the information contained therein.