Pensana Rare Earths PLC (GB:PRE) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Pensana PLC has announced that its Chairman, Mr Paul Atherley, has sold 1.5 million shares, providing £250,000 of working capital to support the company while securing funds for the Longonjo project. The company plans to issue the same number of shares back to the Chairman to repay this amount without incurring interest costs. Following this transaction, the company’s available loan facility will be reduced to £1.75 million.
For further insights into GB:PRE stock, check out TipRanks’ Stock Analysis page.