Pensana Plc (PRE.L)

Pensana Plc, together with its subsidiaries, engages in the exploration, mining, and processing of rare earth properties in the United Kingdom and Angola. The company explores for neodymium and praseodymium (NdPr), metal rare earth elements, fluorite, phosphate, and manganese deposits. Its flagship assets are the 84%-owned Longonjo NdPr project located in the Longonjo municipality of the Huambo province in Angola; and the 90%-owned Coola Exploration project covering an area of approximately 824 square kilometers located east of the Port of Lobito in Central Angola. The company was formerly known as Pensana Rare Earths Plc and changed its name to Pensana Plc in February 2021. Pensana Plc was founded in 2006 and is based in London, the United Kingdom.