- CEO
- Timothy Ralph George
- Full Time Employees
- 55
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 107 Cheapside London GL United Kingdom EC2V 6DN
- IPO Date
- Jul 6, 2020
- Business
- Pensana Plc (PRE.L) is a United Kingdom-based rare earth exploration, mining and processing company focused on developing sustainable supply chains for magnet metals including neodymium-praseodymium (NdPr) critical for electric vehicles, offshore wind turbines and advanced technologies; the company explores for and develops deposits of NdPr, fluorite, phosphate and manganese through flagship assets such as the Longonjo NdPr Project located in Huambo province, Angola, the Coola Exploration Project covering 824 square kilometers in central Angola, and the Saltend rare earth processing hub in the United Kingdom designed for mixed rare earth carbonate (MREC) and magnet-grade oxide production. Incorporated in 2019 and headquartered at 107 Cheapside, London, the company, formerly known as Pensana Rare Earths Plc until its name change in February 2021, operates primarily in Angola and the United Kingdom with strategic emphasis on low-carbon operations targeting EV manufacturers, offshore wind developers, robotics and AI sectors in the US, EU and Japan. Recent developments include exiting the £250 million UK Saltend refinery scheme in November 2025 to pursue US-based refining operations with talks underway for US government funding and partnerships including a collaboration with ReElement Technologies; conditional approval for a major senior debt facility providing approximately 60% of Phase 1 funding for the Longonjo mine via subsidiary Ozango Minerais SA; consideration of a Nasdaq listing to enhance liquidity and investor access; and offtake agreements plus memoranda of understanding covering multiples of initial production capacity amid pivots toward US Department of Defense-aligned supply chains for non-Chinese rare earth feedstock.