17 August 2022
Pensana Plc
("Pensana" or the
"Company")
Appointment of
Alison Saxby as Independent
Non-Executive Director
Pensana is pleased to announce the appointment of Alison Saxby as Independent Non-Executive
Director with effect from 17 August
2022.
Alison is an industry leading expert with over 35 years of
experience in industrial minerals and metals. Her expertise
includes pricing, deep market knowledge, research, and
communications, gained through consultancy projects, minerals
trading and commercial reports.
She was previously a Managing Director at metals consultancy
Roskill, where she led the strategic direction of the company’s
research and products through a period of growth, with a focus on
critical minerals. Prior to that she held roles at Fastmarkets and
as an independent consultant.
Alison was recently a member of the UK government’s Critical
Materials Global Expert Mission to both Canada and the USA for Innovate UK-KTN, and is working with
Edumine to provide educational courses on critical materials. She
is the author of numerous publications on critical and other
minerals and originally trained as a mineral engineer.
Pensana Chairman, Paul Atherley, commented:
"We are delighted to welcome Alison
to Pensana. As one of the leading industry experts on critical
minerals her insight will be invaluable for the Board, while her
strategic vision will play an important role in supporting
Pensana’s growth.
Building on the recent Saltend ground
breaking and Automotive Transformation Fund announcement, Pensana
continues to move towards funding and development of the world’s
first independent and sustainable rare earth supply chain to
support the energy transition.”
-ENDS-
For further information, please
contact:
Shareholder/analyst enquiries:
Pensana Plc
Paul Atherley,
Chairman
IR@pensana.co.uk
Tim George, Chief Executive
Officer
Rob Kaplan, Chief Financial
Officer
George Zacharias, Group Company
Secretary
Media enquiries:
FGS Global:
Gordon Simpson / Richard
Crowley
Pensana-LON@fgsglobal.com
About Pensana Plc
The electrification of motive power is by far the most important
part of the energy transition and one of the biggest energy
transitions in history. Magnet metal rare earths are central to the
transition away from internal combustion engines and critical to
electric vehicles and offshore wind turbines.
Pensana plans to establish Saltend as an independent and
sustainable processing hub supplying the key magnet metal oxides to
a market which is currently dominated by China. The US$195
million Saltend facility is being designed to produce 12,500
tonnes per annum of rare earth oxides, of which 4,500–5,000 tonnes
will be neodymium and praseodymium (NdPr), representing over 5% of
the world market in 2025.
Pensana’s plug and play facility is located within the world
class Saltend Chemicals Park, a cluster of leading chemicals and
renewable energy businesses in the Humber Freeport and will create
over 500 jobs during construction and over 125 direct jobs once in
production.
It will be the first major separation facility to be established
in over a decade and will become one of only three major producers
located outside China.
Pensana is aiming to establish Saltend as an attractive
alternative for mining companies who may otherwise be limited to
selling their products to China,
having designed the facility to be easily adapted to cater for a
range of rare earth feedstocks.
www.pensana.co.uk