Member Info for ReMax

Seems like an update is forthcoming. The Chairman of Ozango Minierals states in below article that Ozango (Pensana major shareholder) is developing the Longonjo Rare Earth Refinery Project in Huambo, says in early 2025, the project secured a major financing package of roughly USD 268 million, allowing Phase 1 construction to proceed. Over 2025 and 2026, the project continued attracting new capital, with USD 100 million announced in late 2025 and approximately USD 165 million in strategic investment commitments in 2026.

The funding will largely come through the Absa Bank of South Africa and strategic investors. With this development, Ozango managed to accelerate work activities on the site. Processing and mine infrastructure are being built, and commissioning remains scheduled for 2027.

https://theenergyyear.com/articles/longonjo-angolas-strategic-critical-minerals-asset/

A long term shareholder has moved on having sold 1.7m shares over the last month thus explains the downward pressure on the share price. Recent loading was the last bundle of 250,000 shares. Apparently, his wife still maintains a 300,000 position. Good luck to him and his wife.

The revised structure will benefit all shareholders which will be apparent when the identity of the Strategic Partners is disclosed. Signing of the amended documentation and payment of the $165m is anticipated within the next couple of weeks. Yesterday's presentation at the shareholders meeting speaks volumes!!!!

https://pensana.co.uk/wp-content/uploads/2026/03/Pensana-Corporate-Presentation-March-2026.pdf

SmartPunter, my apologies for not referencing you in my post...was thinking you were 'smarter' than DumbPunter, your alter ego! Obviously not! Enjoy reading the two (independently written) Articles which are hardly published as part of a "share ramping operation".

Regards, Remax (Shareholder)

The following articles posted yesterday by The Metalnomist publication should be more believable than what is written on LSE by Theorist & Dumbpunter....

https://www.metalnomist.com/2026/01/pensana-vac-rare-earth-offtake.html?m=1

https://www.metalnomist.com/2026/01/cyclic-vac-us-magnet-recycling.html

Agreed. China is gratitudisly invested and PA's mouth piece. Giving equity to insiders who basically are not on the same page as shareholders generally is against all principles of corporate law ... having said that the project is strategic but should not be at the expense of shareholders value being diluted. Sure, by 2nd quarter the "Brokers" will run the share price to $4US being the eligibility criteria for admission to NASDAQ... but at what unnecessary loss / cost along the way to the shareholders whom this Board is mandated to represent? PA is only interested into courting investors that serve his purpose. Turn a blind eye on the ethics (for the moment) and enjoy the ride to $4US listing on NASDAQ

Hi Karl, Mumbles is far from touchy! You may be a little confused, it is the Smart Punter / Dumb Punter not expressing legitimate comments or legitimate concerns. If you have concerns or questions, you can simply do your own research or reach out to Mumbles and he will constructively point you in the right direction so you make your assessment on whether Longonjo will go into production and when. Mumble's reference to 100 yrs was more about having an opportunity to supply literally 100 yrs of product to many offtake partners for processing magnet metal / magnets into various markets which cannot be fulfilled without increasing the output capacity of Longonjo and identifying the resource base to satisfy the existing MOU'S x 5/6 all wanting 100% of the already funded production plant's capacity. If all you are expecting is to see production on the scaled down funded model, then fine, however before you make another more unjustifiable comment about Mumble's post, you should realise that there is a much bigger picture about to develop here with Pensana, one that DumbClown has neither shares invested in and has a mouth that simply needs a sock in it. Many Pensana investors are sick to death of this DumberClown, don't entertain him because giving credit to him is what he wants you to do, which makes you, question progress into production. The $11m is a question of risk to reward and i assume those engaging with Pensana will only be too happy to participate, as has the US Government's involvement in the current drilling being undertaken at Coola. Lonjorno is open on 3 sides and yet to be adequately explored at depth. You will find that both MP Materials and Lynas have done the same defining their resource potential and with far higher capex, $11m is small change in the R/E space !!!

Theo, whist you may have raised some valid points for discussion over the years you have absolutely achieved one thing which is evident, you have riled many to pursue you personally as a result of you arrogance, so, take note, you will soon face reality in more ways than just Pensana becoming the first R/e mining company to be independently funded in Africa but to be so humiliated as a woo full grub who would detract by using his wife supposed name to detract from the issue these guys seek to resolve...that is, whoever you are, stand up, man up or f off! Your choice to keep this discussion professional and constructive or continue on at your personal & professional peril. I get the feeling you can hide behind your wife's skirt and, that is, a fitting place for you, moving forward:)

. I am, as with other shareholders, invested in Pensana and would concur with their sentiments that enough is enough, especially given, Pensana's Longonjo mine funding is about to be funded from preliminary civil works to full production.

Time will tell, and, ?

AS 1971, can u quit the self adulation, your bla bla, bla... enough, ok! Did you average down, cry baby?

AS 1971 as I said, and hopefully sooner than later (by end of September), you will have opportunity to challenge me, face to face! If I am wrong, I will man up then, only if I am wrong, otherwise, you will be the one to man up! Let's wait till then, ok?

AS 1971, your nightmare hasn't dropped yet! Over patronising you, save to say, acknowledging your ignorance once again! Ndpr on a steady path upwards = 390,500 CNY/mt +500(+0.13%) VAT included tip 54,607.75 USD/mt, unlike other hopeful producers, Pensana does have a PATH to production into oxides & metals! You should stop being a Smart AS, and get back on your meds, it seems you only comment when the share price is heading into lows, where even you should see, this is a buying opportunity...

looking forward to you squirming out of this when all funding parties sign off and structural works commence...glad you are not a bona fide shareholder rather you be considered an ass!

Hey, AS we still on for a get together to celebrate what, your ignorance?

AS, no worries, apology noted! I generally maintain the same tone, so haven't soften!!! In passing, you have never given me reason to comment, other than for which you have apologised! As for our catch up, after funding in Melbourne, I'm in unconditionally save to say, let's be on the same page, positive posts concerning Pensana until we agree otherwise, deal?

AS, not me, I don't name call unless I have good reason to, let alone call someone out like that!

Do I receive an apology, just saying! Lol

AS, no point poking the bear, honey is sweeter!

We are all rather frustrated by the timing for the funding announcement but we are in the hands of other not the management of Pensana. Given, there are funds currently progressing the ground works and support of the ASWF, we can feel comfortable that the next announcement will be when the funding is completed or a change in funding arrangements has occurred, until then we wait. Don't fuss about an apology, you give out as good as you get, 💯 %

MAA86 that's uncalled for especially in today's world of insta !

AS, an update is unnecessary, an RNS will drop on funding, end of story! Every shareholder is in the mix, buy more at this level ! All 10 bagers come from low share prices :)

Haha 😄

AS, be good and no more conflict...on here, ok?