23 August 2022
Pensana Plc
("Pensana" or the
"Company")
Publication of
Notice of General Meeting
Pensana is pleased to advise that a Notice of General Meeting
and Form of Proxy has today been posted to shareholders. The Notice
of General Meeting has also today been published on the Company’s
website.
The General Meeting will be held at 09.00 on Friday,
9 September 2022 at HQ Offices, 1
Northumberland Avenue, Trafalgar Square, London WC2N 5BW.
A copy of the Notice of General Meeting will also shortly be
available on the National Storage Mechanism under the following
link
- https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-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