REG-Pensana Plc: Update on US$25 million Longonjo mine finance

PensanaAnnouncement

Today 07:02

4 February 2026

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Pensana Plc ("Pensana" or the Company")

Update on US$25 million                                                       
      Longonjo                                                             
mine                                                              finance

 

Pensana                    is pleased                    to announce          
         that,                    further to                    the           
        Longonjo Main                    Finance announcement of           15
May           2025                    wherein                    the          
         Company           announced the US$25 million equity tranche ("      
              the                                         Financing           
        ") to be deployed by           the Angolan Sovereign Wealth Fund      
               ("FSDEA")                     at subsidiary level              
                          into Ozango Minerais sa                     
("Ozango")                    , the final funding tranche of the Financing has
been received and is currently being           fully deployed towards the
Longonjo main construction workstreams.

 

Pursuant to receipt by Ozango of the US$25 million, the Company's majority
ownership in Ozango should reduce from 84% to 68.4%. However, as part of the
US$100 million strategic investment announced on 9 December 2025, it is
anticipated that the effective ownership positions will be subject to further
change and as a result Pensana's ownership is expected to increase and this
will be communicated to the market accordingly in due course.

The information contained within this announcement is considered by the
Company to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No.596/2014. Upon the publication of this announcement via a
Regulatory Information Service, this inside information will be considered to
be in the public domain. The person responsible for arranging for the release
of this announcement on behalf of the Company is Paul Atherley (Chairman).

 

- ENDS                                                              -

For                                                              further      
                                                       information,           
                                                  please                      
                                       contact: Shareholder/analyst           
                                                  enquiries:

Pensana                                                              Plc

Paul Atherley, Chairman

IR@pensana.co.uk

Tim George, Chief Executive Officer

Rob                    Kaplan,                    Finance                   
Director



Copyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved