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Pensana Secures $100 Million Investment Commitment

MT Newswires·12/09/2025 05:11:28
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05:11 AM EST, 12/09/2025 (MT Newswires) -- Pensana (PRE.L) received a $100 million equity investment from a strategic investor to support its mine-to-magnet strategy in the US. The unnamed investor subscribed for 95 million new shares, subject to confirmatory due diligence of the London-listed rare earths company's Longonjo project in Angola, according to a Tuesday filing. Pensana added that it will also issue 2,850,000 new shares to institutional investors for a total consideration of $3 million.