Pensana Secures $15 Million Investment from Cascade for Longonjo Rare Earth Project
Pensana PLC has received a $15 million investment from Cascade Natural Resources to advance its Longonjo rare earth project in Angola. The funding includes a $15 million subscription into Pensana and a $150 million investment into its subsidiary Sable Min Unipessoal Lda, which holds a stake in the Longonjo mine. The investment is expected to support mine construction, downstream development, and a planned NASDAQ listing.
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Topics: Angola Cascade Natural Resources funding investment mining Pensana PLC rare earths