BUILDING THE WORLD’S FIRST
SUSTAINABLE MAGNET METAL SUPPLY CHAIN TO MEET THE BURGEONING DEMAND FROM EV’S AND OFFSHORE WIND
WHO WE ARE
Pensana is looking to establish the world’s first fully sustainable magnet metal Rare Earth Oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.
NdPr Demand Growth
EV’s are forecast to drive a 350% increase in magnet metal demand in the next five years and Offshore wind is set to overwhelm demand from EVs with a projected demand forecast of 1500% over the next 20 years.
INFRASTRUCTURE RICH PROJECT
With a recently refurbished $1.8bn rail line linking directly to the $2bn Port of Lobito just 4km from the mine site, the Longonjo project is situated in an infrastructure-rich area meaning lower capital cost and faster development.
Sustainable & Modern Mining
Designed to Equator Principles and Scope 1,2 and 3 GHG emissions compliant. Access to low-carbon power from nearby Luaca hydro dam. Providing training and jobs for 370 locals and preparing local businesses to become service providers.
EU TAXONOMY
The EU Taxonomy sets out regulations for investors, companies, issuers and project promoters to navigate the transition to a low-carbon, resilient and resource-efficient economy and came into force July 2020.
Permitting & Finance
Presidential approval for mining license received in May 2020 and Angolan Sovereign Wealth Fund has provided equity funding and is major shareholder. Heads of agreement for an 85% EPFC debt finance of the project.
Unique Investment Opportunity
The last major rare earth mine to come on-line was Lynas’s Mt Weld valued at $1bn in Australia 12 years ago. MP Materials is Pensana’s closest competitor by output and is currently valued at $1.5bn.
WHO WE ARE
Pensana is looking to establish the world’s first fully sustainable magnet metal Rare Earth Oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.
WHO WE ARE
INFRASTRUCTURE RICH PROJECT
With a recently refurbished $1.8bn rail line linking directly to the $2bn Port of Lobito just 4km from the mine site, the Longonjo project is situated in an infrastructure-rich area meaning lower capital cost and faster development.
NdPr Demand Growth
EV’s are forecast to drive a 350% increase in magnet metal demand in the next five years and Offshore wind is set to overwhelm demand from EVs with a projected demand forecast of 1500% over the next 20 years.
Unique Investment Opportunity
The last major rare earth mine to come on-line was Lynas’s Mt Weld valued at $1bn in Australia 12 years ago. MP Materials is Pensana’s closest competitor by output and is currently valued at $1.5bn.
Sustainable & Modern Mining
Designed to Equator Principles and Scope 1,2 and 3 GHG emissions compliant. Access to low-carbon power from nearby Luaca hydro dam. Providing training and jobs for 370 locals and preparing local businesses to become service providers.
Permitting & Finance
Presidential approval for mining license received in May 2020 and Angolan Sovereign Wealth Fund has provided equity funding and is major shareholder. Heads of agreement for an 85% EPFC debt finance of the project.
EU TAXONOMY
The EU Taxonomy sets out regulations for investors, companies, issuers and project promoters to navigate the transition to a low-carbon, resilient and resource-efficient economy and came into force July 2020.
PENSANA
LATEST NEWS
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16 July, 2020
How do we invest in a sustainable future?
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16 July, 2020
The rare earth metal that won’t be a secret for long
Interview with Andrew Monk of VSA on Pensana’s plans for UK sustainable REO facility to meet demand from Boris’s £50bn ‘Saudi Arabia of Wind’
Chairman Paul Atherley gives 10 min update on Pensana having its nose in front in the race to become the world’s next major Rare Earth miner
