Pensana Plc Notice of GM

 
TIDMPRE 
 
23 August 2022 
 
                                  Pensana Plc 
 
                         ("Pensana" or the "Company") 
 
                   Publication of Notice of General Meeting 
 
Pensana is pleased to advise that a Notice of General Meeting and Form of Proxy 
has today been posted to shareholders. The Notice of General Meeting has also 
today been published on the Company's website. 
 
The General Meeting will be held at 09.00 on Friday, 9 September 2022 at HQ 
Offices, 1 Northumberland Avenue, Trafalgar Square, London WC2N 5BW. 
 
A copy of the Notice of General Meeting will also shortly be available on the 
National Storage Mechanism under the following link - https://data.fca.org.uk/# 
/nsm/nationalstoragemechanism 
 
-ENDS- 
 
For further information, please contact: 
 
Shareholder/analyst enquiries: 
 
Pensana Plc 
 
Paul Atherley, 
Chairman 
IR@pensana.co.uk 
 
Tim George, Chief Executive Officer 
 
Rob Kaplan, Chief Financial Officer 
 
George Zacharias, Group Company Secretary 
 
Media enquiries: 
 
FGS Global: 
 
Gordon Simpson / Richard Crowley 
Pensana-LON@fgsglobal.com 
 
About Pensana Plc 
 
The electrification of motive power is by far the most important part of the 
energy transition and one of the biggest energy transitions in history. Magnet 
metal rare earths are central to the transition away from internal combustion 
engines and critical to electric vehicles and offshore wind turbines. 
 
Pensana plans to establish Saltend as an independent and sustainable processing 
hub supplying the key magnet metal oxides to a market which is currently 
dominated by China. The US$195 million Saltend facility is being designed to 
produce 12,500 tonnes per annum of rare earth oxides, of which 4,500-5,000 
tonnes will be neodymium and praseodymium (NdPr), representing over 5% of the 
world market in 2025. 
 
Pensana's plug and play facility is located within the world class Saltend 
Chemicals Park, a cluster of leading chemicals and renewable energy businesses 
in the Humber Freeport and will create over 500 jobs during construction and 
over 125 direct jobs once in production. 
 
It will be the first major separation facility to be established in over a 
decade and will become one of only three major producers located outside China. 
 
Pensana is aiming to establish Saltend as an attractive alternative for mining 
companies who may otherwise be limited to selling their products to China, 
having designed the facility to be easily adapted to cater for a range of rare 
earth feedstocks. 
 
www.pensana.co.uk 
 
 
 
END

(END) Dow Jones Newswires

August 23, 2022 02:00 ET (06:00 GMT)

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