REG-Pensana Plc: US$100 million Strategic Equity Investment

PensanaAnnouncement

Tue 07:02

9 December 2025                     

 

THIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION

Pensana Plc

("Pensana" or the "Company")

 

US$100 million Strategic Equity Investment                                   
                 

 

Pensana (PRE.LSE) is pleased to announce that it has concluded a US$100
million subscription by a Strategic Investor in support of the Company's U.S.
Mine-to-Magnet strategy.                      

 

Under the agreement, the Strategic Investor has subscribed for 95,000,000 new
ordinary shares of £0.001 each subject to confirmatory due diligence of the
Longonjo project along with shareholder authorisation of the share issue and
approval for the allotment of shares to the Strategic Investor.           

 

In addition to the US$100 million investment, 2,850,000 new ordinary shares
will be issued to institutional investors at £0.80 per share for a total
consideration of US$3,000,000.           

 

Application will be made for the 2,850,000 new ordinary shares to be admitted
to the Official List and to trade on the Main Market of the London Stock
Exchange. These shares will rank pari passu with the existing ordinary shares
in issue.           

 

Chairman, Paul Atherley commented:                                

 

"We are delighted with the US$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 funds will be used to maintain the Longonjo mine development ahead of the
U.S. ban on use of Chinese-origin rare earth magnets/materials in U.S. weapon
systems from 2027 and to provide an alternative source for civilian use of
NdPr following the announced 25% tariff on rare earths from China starting in
2026, fund additional drilling programs to advance the Longonjo life of mine
(LOM) to become one of the largest rare earth mines globally, developing
co-products including HREOs alongside the magnet metals currently contemplated
and supporting the Nasdaq listing in 2026.

 

The Longonjo mine construction is advancing well with the Company's major
shareholder FSDEA, the Angola Sovereign Wealth Fund, recently advancing the
balance of the US$25 million facility.                     

 

Once in production from 2027, Longonjo will be one the world's largest
producers of light and heavy rare earths capable of supporting the production
of over 10,000 tonnes of rare earth permanent magnets."                     

 

Financial advisor                                

 

ABG Sundal Collier, a leading independent Nordic investment bank, has acted as
Pensana's financial advisor and intermediary in the Strategic Investor
transaction.           

 

Total Voting Rights                                

 

Following admission of the 2,850,000 new ordinary shares, the Company's issued
share capital will be 310,141,435 ordinary shares.           

 

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, Chief Financial Officer           

 



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