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21 Aug
17:06

Pensana updates investors on Longonjo progress

UK-listed rare earth developer Pensana said Monday it is “well advanced” on the financial due diligence for its main financing later this year, Kallanish reports. The ongoing re-engineering design will reduce the upfront capital cost of the Longonjo rare earth mining project in Angola to $200 million. This should make the project more readily financed, ceo Tim George said in an operational update. “We acknowledge and very much appreciate the on…
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