21
Jun
15:40
RARE EARTH: Pensana receives further shareholder support in new fundraise
UK-based Pensana has received further support from its existing shareholders, particularly the Angolan Sovereign Wealth Fund, in a recent fundraise, Kallanish reports.
The company focused on mining rare earth elements in Angola and processing them in the UK raised £15 million ($21.1m) in its latest funding round. The proceeds will be used to progress early-stage construction at Longonjo (Angola) and Saltend (UK) ahead of the main financing, currently targete…
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