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Pensana PLC - miner of rare earth metals for electric vehicles and wind turbines - Welcomes the UK government's commitment of GBP3.2 billion to electric vehicles and 40 gigawatt of offshore wind, recharges Automotive Transformation Fund, with a GBP350 million boost and commits to UK Critical Minerals Strategy in 2022. The UK has also committed to publish a UK Critical Minerals Strategy in 2022. Pensana will assist the government and contribute to that strategy. Says the commitments come at a time when company is completing its front end engineering designs for the establishment of a magnet metal rare-earth processing hub located at Saltend Chemicals Park in the Humber Freeport.
Current stock price: 108.00 pence
Year-to-date change: down 10%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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