Pensana Rakes In $100M Investment to Support Mine-to-Magnet Buildup as Ore Reserves Mushroom in Angola; Makes Offtake Deal with VAC
Pensana has raked in a $100 million stock investment by an unnamed strategic Investor in support of the UK company’s mine-to-magnet strategy. The move follows soon after a detailed evaluation of its developing Longonjo property in Angola resulted in jumping by five times its content of rare earths for magnet applications — elevating the property’s status as an important potential future provider of magnetic feedstock outside China. […]