Update on US$25 million Longonjo mine finance
04/02/2026 07:01
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