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If they get approval from the Tanzania Gov it means all of their concentrates will go to China. it then removes a potential competitor for Pensana.
PRE will be the only oxide metals refinery of any quantity in the UK & EU that can be sustainably sourced, Certainly takes Teesside off the table , when is the market going to wake up.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02584359-6A1116235?access_token=83ff96335c2d45a094df02a206a39ff4&fbclid=IwAR3-qfpiqEHxdOQTl7IKV3GPmG4IcWY7HPfFjMEUZGiuISoBeIP7JTj1qfY
Theo - If you could not give a fig what happens to Pensana and you are not a downramper ,what are you , Really makes one wonder about your mischievous intentions posting 100s posts when saying the above , their are only 2 logical reasons why , 1 you are a shorter as you want the price to go down to the 20s as stated below , or 2 you are being paid for your negative posts, My money is on number 1.
Must say your new name really does not have the same impact as Dumbpunter because as more in keeping with your stupid nonsensical posts , Would be more concerned with RBW going down the drain as losing your mommies lunch money , you really are a halfwit.
Pensana Plc
("Pensana" or the "Company")
Pensana signs a Memorandum of Understanding for 25% of production
Pensana (PRE.L) has signed a memorandum of understanding for offtake of 25% of annual production to supply critical raw materials for production of magnet materials needed to support the burgeoning demand for electric vehicles and offshore wind.
Pensana is extremely pleased to be entering into this strategic relationship by supplying Rare Earth oxides from the Saltend processing hub in the freeport Hull, we will continue to develop the independent and sustainable supply chain for low carbon rare earth products to be produced in Europe.
Pensana recently broke ground at the Saltend Chemical Park in the Humber Freeport UK with high-value raw materials supplied from the hydroelectric-powered state-of-the-art mine at Longonjo in Angola.
Chairman Paul Atherley commented:
"This agreement represents a significant step forward in our goal of providing an independent and sustainable supply of rare earth magnets for the Electric Vehicle and offshore wind industries. By having a significant partner across the globe, we now have further validation from the industry that Pensana's project is an essential element in the growing value chain for these critical minerals.
We look forward to closely working with our partners and hope to expand our relationship as our project progresses with the introduction of Metal conversion and Heavy Rare earth separation at our Saltend facility powered by offshore wind, offering ultra-low embedded carbon products essential for the energy transition."
Hull could be set for new 'Investment Zone' status in new Chancellor's mini-budget
Pre-announcement briefing puts Hull at the forefront of new strategy to pick up the pace of delivery - with freeport flip potential
Already part of the Humber Freeport - still awaiting a formal launch as the final business plan is worked up, with Mr Kwarteng visiting to break ground on the Pensana site in one of his last acts as Business Secretary - Hull's new zone would be a specific site, with the areas described as “hubs for growth” and “emblematic of the modern Britain that this government want to create”.
https://www.business-live.co.uk/economic-development/hull-set-new-investment-zone-25085783
Thought you have crawled back under the hole you came out from , for any new readers a sample below of his rubbish as a non holder with 100% of his posts on Pensana.
08 Nov 2021 09:06
You’re not getting it. There will be no ATF grant. It has never had any form of approval at any stage. Contrary to the Company’s claims there has never been any stage of the process termed “Stage 1 progression”. It was extremely misleading of the Company to ever have indicated some type of approval and indeed this probably did not help their cause. In any event there can be no reason to create a link between a company that has nothing more than some mining rights in Angola with the transformation of automotive engineering in the Uk. It was always a somewhat fanciful long shot on the part of the Company, I am sure any balanced person would at least agree with that!
The Pentagon has halted deliveries of Lockheed Martin Corp.’s F-35 after finding an alloy used in magnets for pumps on the fighter jet was made in China.
The F-35 program office “temporarily paused the acceptance of new F-35 aircraft to ensure the F-35 program’s compliance” with defense regulations “pertaining to specialty metals,” Defense Department spokesman Russell Goemaere said in an email.
He said the pause won’t interfere with operations of F-35s already delivered to the US military and partners abroad because “the magnet does not transmit information or harm the integrity of the aircraft and there are no performance, quality, safety or security risks associated with this issue.”
“Once the issue was discovered,” the F-35 program office “found an alternative source for the alloy that will be used in future turbomachines,” Goemaere said, and deliveries of F-35s were halted as a precaution.
Lockheed said in a statement that “we are working with our partners and DoD to ensure contractual compliance within the supply chain.” The contractor said the F-35 remains safe for flight, “and we are working with the DoD to resolve the issue as quickly as possible to resume deliveries.”
Poor old Theo is that the best you can come up with , HMG thru interdepartmental agencies contributions debt guarantees to secure critical minerals will surpass the ATF grant with significance , Your downramping days are numbered trying to derail PRE as you clearly are a competitor with mischievous intentions, Do not worry Theo all will be revealed soon.
Theorist - PREs resident troll non holder , Regurgitating rubbish again, any body reading his posts look back at the rubbish he has spewed out for over 12 months as a sample piece below.
I am very happy to repeat Pensana will not be getting any ATF funding. People with scrubland in Africa (and nothing else) are generally considered unlikely to contribute to the transformation of the Uk automotive industry. I am not quite sure why China and his Merry band of uprampers find this fact so hard to absorb and accept. There has never been any ATF progression. This company has a lot of form when it comes to misleading investors.
UK set to host rare earths processing hub in push for cleantech security
The facility is set to begin operations in 2023, and when it reaches full capacity in 2024 will produce 12,500 t/y of separated rare earths including around 5,000 t of neodymium and praseodymium oxides. These are essential components of the magnets used in electric
vehicle motors and wind turbine generators.
The processed ores naturally contain radioactive elements, which Pensana says it will store in tailings dams in compliance with IAEA regulations.
George says he has recruited experienced engineers for every stage of the process. And independent experts have reviewed the overall process flow sheet to show it has low processing risk that has helped secure financing.
https://www.thechemicalengineer.com/news/uk-set-to-host-rare-earths-processing-hub-in-push-for-cleantech-security/?fbclid=IwAR040-KJ_NyRPpmeVjuMNiirQ0lnYIp_Y2MPUicuDtEx7ag2WBLIoe8VtqU
You obviously do not take your own advise at selling at 2.10 when bought at 10 p , would have being the best trade you have ever made a legend in your own mind.
Really Capt Badge and showing your ignorance both ARU and PEK have being trying to get to mine for over 10 years and you are saying PRE has lost its head start in less than half the time , will guarantee on thing PRE will be funded light years before the above will see the light of day.
Poor old capt Badge you have no idea , Why do not do us all a favor and sell out and stop your cross promoting into ARU with $30 opex $1.7 Billion Capex with 2700 Th ppm.
Appointment of Alison Saxby as Independent Non-Executive Director
Pensana is pleased to announce the appointment of Alison Saxby as Independent Non-Executive Director with effect from 17 August 2022.
Alison is an industry leading expert with over 35 years of experience in industrial minerals and metals. Her expertise includes pricing, deep market knowledge, research, and communications, gained through consultancy projects, minerals trading and commercial reports.
She was previously a Managing Director at metals consultancy Roskill, where she led the strategic direction of the company’s research and products through a period of growth, with a focus on critical minerals. Prior to that she held roles at Fastmarkets and as an independent consultant.
Alison was recently a member of the UK government’s Critical Materials Global Expert Mission to both Canada and the USA for Innovate UK-KTN, and is working with Edumine to provide educational courses on critical materials. She is the author of numerous publications on critical and other minerals and originally trained as a mineral engineer.
Theo , Are you down to regurgitating your old posts, Again totally inaccurate as always being a non shareholding troll , You would think whoever is paying you would find better talent as you are now a embarrassment to your employer.
Theorist -RE: ATF update23 Mar 2022 19:52
Sorry Mumbles to burst your balloon. But you are living in planet Zog. Examples of companies seeking to obtain funds from the ATF include Pensana, which owns some scrub land in an African abstention country and which is seeking planning permission for a toxic processing plant on farmland in East Yorkshire. The company does not have anything to process, has no proprietary magnet technology and no production experience but it optimistic that the UK government will write them a very large cheque. Have I missed anything out of this announcement? Is this announcement more accurate than the one you quoted? Don’t be afraid of being honest.
Old Theo you cannot help yourself as usual casting aspersions that so far have all being proven wrong , Same old down ramping sentiment causing FUD on a daily weekly basis as a non shareholder, And to be honest nobody cares what you think.
Theo - Once again you are waffling on with garbage making comments with your usual downramping sentiment as a non holder on a daily basis, Will you disappear from this forum once funding comes thru so we do not have to put up with your regurgitated nonsense moving forward, as have come to the conclusion that you are a paid troll.
Theo - So how about this , When funding does come you will disappear form this forum for good if you are that confident Saltend will never be built, Or we will just have to put it down to one of your many predictions proven wrong as usual.
Theo- Once again you come out with absolute rubbish, You have no credibility to make a guess as you have being proven wrong on every occasion , Please any new readers to this thread review his past posts as they are all of down ramping sentiment from a paid LCM troll.
Hi Theo since you are online are you able to answer the question?