Liberum is appointed Joint Broker to Pensana Rare Earths plc – with focus on ESG

We are pleased to announce that Liberum has been appointed as a consultant and joint broker to Pensana Rare Earths plc (“Pensana” or the “Company”) with a particular focus on Environment, Social and Government ("ESG") matters.

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Pensana is a mining company focussed on the extraction of elements essential for the manufacture of clean energy products. These elements, Neodymium and Praseodymium (“NdPr”), are used for the manufacture of magnetic metals in the electric vehicle and offshore wind market, as well as other green sectors.

The Company’s current focus is to rapidly develop its project in Longonjo, Angola, for which a Bankable Feasibility Study is being prepared. Longonjo would be the first major rare earths mine to come online in over a decade and will be a key component of Pensana’s wider strategy of establishing a sustainable magnet metal supply chain in the UK.

As Pensana’s ESG Consultant and Joint Broker, Liberum will provide advice on understanding the ESG investing landscape and the communication of the Company’s ESG policies to the market as well as helping to develop Pensana’s ESG/Sustainable Investing compliance requirements both now and in the future.

Liberum Team

Research - Joachim Klement

Investment Banking - Clayton Bush, Scott Mathieson, Kane Collings

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