PRE.L Commences Trading on the Main Market of the London Stock...

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PRE.L Commences Trading on the Main Market of the London Stock Exchange Pensana Rare Earths Plc (PRE.L) will commence trading on the London Stock Exchange's Main Market Monday 6th July. The Company has 188,274,665 ordinary shares on issue and is not raising any funds. A copy of the Prospectus is available on the Company's websitewww.pensana.co.uk Paul Atherley, Chairman of Pensana Rare Earths, commented: “The US$16 trillion post COVID stimulus programmes are transforming the renewable energy sector, supercharging the demand for critical rare earth magnet metals. With no new rare earth mines in construction, magnet metal prices are forecast to rise strongly over the next few years. With Angolan Presidential approval and financial backing from our major shareholders, the Angola Sovereign Wealth Fund and UK institutional investors, we are on track to bring online the first major rare-earth mine in over a decade to meet the growing demand for the metals critical to the green energy revolution. Our listing in London provides UK investors with an opportunity to gain a direct exposure to the metals critical to the burgeoning EV and offshore wind sectors.”