Pensana Plc plans Nasdaq listing and share consolidation for its Longonjo rare earth project, positioning for strategic ex-China supply chain expansion.
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Written by: Daniel
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Written by: Daniel
NEWS Pensana Eyes Nasdaq: What It Means for Investors and the Rare Earth Supply Chain
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Correction: Pensana's phase 1 finance is already fully funded (see Ian Brown's comment under the main article). This Nasdaq listing will open up a potential funding channel for the US$100M required to upgrade Phase 1 to its full production capacity of 4,000tpa NdPr. It may also potentially expedite the future development of Pensana's proposed second and third mines at Coola and Sulima West once ongoing drilling confirms their viability.