Signed Non-Binding MoU For Rare Earth Offtake Agreement With Japan's Toyota Tsusho Corp
16/06/2025 09:36
June 16 (Reuters) - Toyota Tsusho Corp 8015.T: UK'S PENSANA PLC: SIGNED NON-BINDING MOU FOR RARE EARTH OFFTAKE AGREEMENT WITH JAPAN'S TOYOTA TSUSHO CORP PENSANA: MOU TERMS INCLUDE PROPOSED OFFTAKE OF UP TO 20,000 TONNES PER ANNUM OF ULTRA-CLEAN MIXED RARE EARTH CARBONATE FROM ANGOLA'S LONGONJO MINE OVER FIVE-YEAR PERIOD, WITH PRICING TO BE AGREED PENSANA: TOYOTA TSUSHO INTENDS TO COLLABORATE WITH PENSANA TO DEVELOP NEW, INDEPENDENT, SUSTAINABLE SUPPLY CHAIN FOR RARE EARTH MATERIALS, UTILIZING INDIAN PROCESSING FACILITY OPERATED BY TOYOTSU RARE EARTH INDIA Source text: https://pensana.co.uk/wp-content/uploads/2025/06/MOU-with-Toyota-Tsusho-Corporation-for-Rare-Earth-Offtake.pdf Further company coverage: 8015.T (Reporting by Kantaro Komiya) ((Kantaro.Komiya@thomsonreuters.com;))
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