Pensana Plc - Pensana awarded Sustainability Gold by EcoVadis
THIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION
("Pensana" or the "Company")
Pensana awarded Sustainability Gold by
Pensana (PRE.L) is pleased to announce that it has been awarded a Gold Medal by
The ratings by
The award follows the award by S&P Bond Rating Agency CICERO in 2022 which rated the Company’s operations as
The award represents the culmination of the strong focus on sustainability by the Pensana team notably
We are also extremely appreciative for the ongoing support from the
Pensana will continue to operate under the
Pensana’s Blueprint for Sustainable Rare Earths, demonstrating our strategic commitment to ESG, can be found
here
.
About Longonjo
The electrification of motive power through EVs and Wind Turbines is the biggest energy transition in history and is forecast to generate a demand growth for magnet metal NdPr of 7.5% CAGR over the next decade.
Pensana owns one of the world's largest undeveloped rare earth mines, and one of only three with a JORC Reserve >100,000 tonnes of NdPr.
At full production Longonjo will produce ~5% of world production of NdPr in the form of an exported mixed rare earth carbonate.
The upfront capital cost of
The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014. Upon the publication of this announcement via a
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