focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPensana Plc Share News (PRE)

Share Price Information for Pensana Plc (PRE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 23.65
Bid: 23.30
Ask: 24.00
Change: 0.45 (1.94%)
Spread: 0.70 (3.004%)
Open: 23.20
High: 0.00
Low: 0.00
Prev. Close: 23.20
PRE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Gran Tierra completes offers, Pensana wins grant

Wed, 25th Oct 2023 21:55

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

----------

Gran Tierra Energy Inc - Colombia and Ecuador-focused oil and gas exploration and production company - Says it has issued new 9.500% senior secured amortising notes, due in 2029 and worth USD487.6 million. Issuance forms part of Gran Tierra's previously announced offers to exchange its 6.250% senior notes due 2025 and 7.750% notes due in 2027. Chief Executive Officer Gary Guidry says due to "successful completion" of offers, "[its] balance sheet is now stronger due to an improved amortisation schedule, less restrictive conditions, and overall reduced leverage."

----------

Pensana PLC - London-based rare earths explorer - Says Secretary of State for Business & Trade has offered it a grant of up to GBP4.0 million, to help Pensana raise the necessary funding to build a rare earth oxide separation facility in the ‘Humber Freeport’ at the USD250 million Saltend project, a rare earth separation facility in England. Pensana expects to provide a funding, activities and deliverables plan "in the coming weeks". Chair Paul Atherley says developing Saltend "would be an important step in supporting the UK automotive supply chain...as it transitions to electric vehicles".

----------

Arix Bioscience PLC - London-based venture capital firm investing in "breakthrough" biotechnology companies - Says "core" portfolio company Harpoon Therapeutics has entered a securities purchase agreement for a private placement in public equity financing, expected to bring upfront gross proceeds of around USD100 million. San Francisco-based Harpoon, a clinical stage immunotherapy developer, expects further gross proceeds of approximately USD50 million upon cash exercise of warrants. Financing was led by a "leading biotechnology investor associated with one of the largest alternative asset managers". Arix says its holding value will continue to be determined by the market price of Harpoon's shares. Harpoon will use the proceeds to fund its clinical development programmes, including ongoing and future clinical studies of HPN328.

----------

AltynGold PLC - London-based operator of the Sekisovskoye gold mine in Kazakhstan - Production in the third quarter of 2023 "expanded significantly" to reach an annualised level of 744 kilotonnes per year and a 41.8% growth rate year-on-year. Delivered USD17.9 million in revenue, up from USD14.8 million in the third quarter of 2022.

----------

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
30 May 2022 18:29

TRADING UPDATES: UKOG signs lease; Alien Metals to buy Vivash Gorge

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
26 May 2022 14:49

IN BRIEF: Pensana completes study for rare earth processing hub

Pensana PLC - London-based rare earth metal miner - Completes front end engineering design and and value engineering study for its independent and sustainable rare earth processing hub at the Saltend Chemicals Park located in Hull, England. Says study outlines its plans to establish the plant and demonstrates sustainable operations with strong economics.

Read more
4 Apr 2022 21:53

TRADING UPDATES: Conroy wins licences; Likewise first quarter strong

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
30 Mar 2022 10:49

IN BRIEF: Pensana widens loss; looks to establish production facility

Pensana PLC - London-based rare earth metal miner - Widens pretax loss to USD4.1 million in the six months to December 31 from USD2.6 million the previous year. Total assets in its first half fall 11% to USD36.3 million from USD40.8 million. In second half, company completes front-end engineering design for both Saltend and Longonjo sites. Adds it receives approaches from "major European and US electric vehicle and wind turbine original equipment manufacturers" to secure magnet metal supply chain.

Read more
25 Jan 2022 13:06

IN BRIEF: Pensana plans to develop low energy magnet recycling method

IN BRIEF: Pensana plans to develop low energy magnet recycling method

Read more
1 Nov 2021 18:06

IN BRIEF: Pensana welcomes UK government green funding

IN BRIEF: Pensana welcomes UK government green funding

Read more
29 Sep 2021 14:43

EXECUTIVE CHANGES: Fintel chair exits after 6 mos; Sanderson hires CFO

EXECUTIVE CHANGES: Fintel chair exits after 6 mos; Sanderson hires CFO

Read more
27 Sep 2021 12:07

IN BRIEF: Pensana's Angolan Coola project showing encouraging results

IN BRIEF: Pensana's Angolan Coola project showing encouraging results

Read more
3 Sep 2021 21:59

TRADING UPDATES: Pensana signals loan facility and bond issuance

TRADING UPDATES: Pensana signals loan facility and bond issuance

Read more
24 Aug 2021 14:34

IN BRIEF: Pensana breaks ground at Saltend rare earth separation hub

IN BRIEF: Pensana breaks ground at Saltend rare earth separation hub

Read more
24 Aug 2021 11:03

SMALL-CAP WINNERS & LOSERS: Bank of Georgia boosted by broker upgrade

SMALL-CAP WINNERS & LOSERS: Bank of Georgia boosted by broker upgrade

Read more
5 Jul 2021 16:25

IN BRIEF: Pensana starts building Saltend rare earths facility

IN BRIEF: Pensana starts building Saltend rare earths facility

Read more
18 Jun 2021 20:34

IN BRIEF: Pensana to raise GBP15 million to fund project development

IN BRIEF: Pensana to raise GBP15 million to fund project development

Read more
21 Apr 2021 14:25

IN BRIEF: Pensana plans USD125 million factory in Saltend, Yorkshire

IN BRIEF: Pensana plans USD125 million factory in Saltend, Yorkshire

Read more
30 Mar 2021 11:52

UK EARNINGS SUMMARY: Chesnara annual profit sinks but ups dividend

UK EARNINGS SUMMARY: Chesnara annual profit sinks but ups dividend

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.