Pensana Plc (PRE)

Overview

Pensana Plc is a dynamic entity focused on the exploration and development of mineral properties, with a keen interest in the sectors of neodymium and praseodymium (NdPr), key components in advanced technology manufacturing, particularly for magnets used in electric vehicles and wind turbines. This company, established in 2019 and headquartered in London, the United Kingdom, has positioned itself as a significant player in the rare earth sector. Initially known as Pensana Rare Earths Plc, it underwent a rebranding in February 2021 to better reflect its expanded vision and operations. Pensana's operations are strategically split between the United Kingdom and Angola, showcasing a unique portfolio that spans two continents. Its flagship projects, the Saltend rare earth project in the UK and the Longonjo NdPr project in Angola, underscore the company's dedication to securing critical resources for the burgeoning global green economy.

Products and Services

• Neodymium and Praseodymium (NdPr) Exploration

Pensana Plc specializes in the exploration of Neodymium and Praseodymium (NdPr), two rare earth metals essential for the production of high-strength permanent magnets. These magnets play a crucial role in various technologies, including electric vehicles, wind turbines, and numerous electronic devices, marking NdPr exploration as a critical service for advancing sustainable technologies.

• Saltend Rare Earth Project

Located in the United Kingdom, the Saltend Rare Earth Project represents Pensana's commitment to establishing a supply chain within a stable and strategic market. This project is aimed at the processing and creation of rare earth oxides, integral for the manufacturing of permanent magnets. Saltend stands as a pioneering venture, striving to contribute significantly to the UK and Europe's ambitions of creating a sustainable and self-reliant supply chain for critical minerals.

• Longonjo NdPr Project

The Longonjo NdPr Project in Angola is a cornerstone in Pensana's venture, focusing on the direct extraction of NdPr-rich rare earth minerals. This project underscores the company's international reach and its capability to manage large-scale mining operations. By tapping into Angola's rich mineral reserves, Pensana aims to play a pivotal role in meeting the global demand for NdPr, thereby fueling the future of environmentally friendly technologies.