Pensana PLC Appointment Announcement
07 Março 2022 - 4:01AM
RNS Non-Regulatory
TIDMPRE
Pensana PLC
07 March 2022
7 March 2022
Pensana plc
( "Pensana" or the "Company" )
Appointment of Head of Investor Relations and Communications
Pensana plc is pleased to announce the appointment of Virginia
Skroski as Head of Investor Relations and Communications.
Virginia has an extensive track record of developing and
implementing investor relations strategies for FTSE250 global
leaders Vesuvius plc and Kenmare Resources plc, utilising her
background in finance and business development. Prior to corporate
finance, Virginia worked as an analyst and fund sales specialist in
asset management and private equity.
Pensana Chairman, Paul Atherley, commented:
"We very much welcome Virginia's appointment at a time when we
are looking to expand the institutional investor base of the
Company. Following the recent placement to M&G, the Company now
has over 35% of its register held by institutional investors.
Virginia brings a wealth of experience with institutional investors
globally, and we look forward to developing and strengthening these
relationships."
ENDS
For further information, please contact:
Shareholder/analyst enquiries:
Pensana Plc
Paul Atherley, Chairman contact@pensana.co.uk
Tim George, Chief Executive Officer
Media enquiries:
Finsbury Glover Hering:
Gordon Simpson / Richard Crowley Pensana-LON@finsbury.com
About Pensana plc
The electrification of motive power is the most important part
of the energy transition and one of the biggest energy transitions
in history. Magnet metals are central to the transition and
critical to high value manufacturing applications such as electric
vehicles and offshore wind turbines.
Pensana plans to establish Saltend as an independent,
sustainable supplier of the key magnet metal oxides to a market
which is currently dominated by China. The US$190 million Saltend
facility is being designed to produce circa 12,500 tonnes per annum
of rare earth oxides, of which 4,500 tonnes will be neodymium and
praseodymium (NdPr), representing over 5% of the world market in
2025.
The Saltend facility is located within the world class Saltend
Chemicals Park, a cluster of leading chemicals and renewable energy
businesses at the heart of the UK's energy estuary, and host to a
range of companies including BP Petrochemicals technology, INEOS,
Air Products, Triton Power, Nippon Gohsei and Tricoya.
Pensana's plug and play facility 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.
Initial feedstock will be shipped as a clean, high purity mixed
rare earth sulphate (MRES) from the Company's Longonjo low impact
mine in Angola. The mine's state-of-the-art concentrator and
proprietary MRES processing plant are being designed by Wood to the
highest international standards. They will be powered by minimal
carbon hydro-electric power and connected to the Port of Lobito by
the recently upgraded Benguela railway line.
Pensana is of the view that provenance of critical rare earth
materials supply, life cycle analysis and GHG Scope 1, 2 and 3
emissions will all become significant factors in supply chains for
major customers. The Company intends to offer customers an
independently and sustainably sourced supply of the metal oxides
and carbonates of increasing importance to a range of applications
central to the energy transition, industrial, medical, military and
communications sectors.
For many miners around the world who are looking to access the
European and US supply chains, it is becoming increasingly clear
that the proposed EU and possible UK carbon border taxation would
mean that it is no longer acceptable for manufacturers to source
material extracted or processed unsustainably.
Pensana is aiming to establish Saltend as an attractive
alternative to mining houses 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
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March 07, 2022 02:01 ET (07:01 GMT)
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