The latest update is out from Pensana Rare Earths PLC ( (GB:PRE) ).
Pensana Rare Earths PLC has announced the issuance of 2,098,223 new ordinary shares to settle debts with a major contractor and its Finance Director, Rob Kaplan. This move is part of the company’s strategy to manage its financial obligations while finalizing fundraising for the Longonjo project, with the shares expected to begin trading on the London Stock Exchange on March 3, 2025.
More about Pensana Rare Earths PLC
Pensana Rare Earths PLC operates in the mining industry, focusing on the extraction and processing of rare earth elements. The company is primarily involved in the development of the Longonjo project, which aims to supply critical materials for the electric vehicle and renewable energy markets.
YTD Price Performance: -5.31%
Average Trading Volume: 784,533
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £64.73M
See more insights into PRE stock on TipRanks’ Stock Analysis page.