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Pensana says Longonjo rare earths mine construction tops 30% as financing talks continue
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Pensana says Longonjo rare earths mine construction tops 30% as financing talks continue
  • Pensana flagged funding delays at its Longonjo rare earths mine, extending the construction schedule from 2028 to late 2028.
  • Construction is over 30% complete; high-cost site work, detailed design, and long-lead procurement were ramped down pending financing.
  • Financing talks continued on Cascade’s USD 165 million investment backed by Qatar; USD 15 million has been received.
  • Offtake negotiations advanced to underpin planned debt facilities with ABSA and EXIM.
  • Accepted a farm-in at the Coola project with ASX-listed Tyranna, targeting USD 2.6 million exploration spend over three years.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pensana plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609250200PR_NEWS_PRUKDSCX_0012) on September 25, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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