Pensana Inks Preliminary Deal with Hanwa for Rare Earths

Pensana Rare Earths PLC (GB:PRE) has released an update.

Pensana Rare Earths PLC has announced a non-binding MOU with Hanwa Co. Ltd, focusing on the offtake of up to 20,000 tons per annum of rare earth carbonate from Pensana’s Longonjo mine, with intentions to foster a sustainable supply chain and explore financial cooperation. This agreement aims to secure a long-term partnership, underpinning Pensana’s commitment to supply high-quality magnet metal products while maintaining strong ESG credentials, evidenced by its recent EcoVadis Gold Medal for sustainability.

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