Business
Results of Annual General Meeting
Results of Annual General Meeting.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n \n 1 December 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Pensana Plc\n \n \n \n \n (\"Pensana\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Results of Annual General Meeting - 1 December 2022\n \n \n \n \n \n \n \n \n \n Pensana is pleased to report that at the Company's Annual General Meeting, held earlier today, all Ordinary and Special Resolutions proposed at the meeting, were passed by the requisite majority.\n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n Shareholder/analyst enquiries:\n \n \n \n \n Pensana Plc \n \n \n \n Paul Atherley, Chairman \n \n [email protected] \n \n \n Tim George, Chief Executive Officer\n \n \n Rob Kaplan, Chief Financial Officer\n \n \n George Zacharias, Group Company Secretary\n \n \n \n \n \n \n \n \n Media enquiries:\n \n \n \n \n FGS Global:\n \n \n \n Gordon Simpson / Richard Crowley \n \n [email protected] \n \n \n \n \n \n \n \n \n \n About Pensana Plc\n \n \n \n The electrification of motive power is the most important part of the energy transition if we are to tackle climate change and one of the biggest energy transitions in history. Magnet metal rare earths are central to that transition, forming a critical part of the technology for efficient electric vehicle motors and offshore wind turbines.\n \n \n Pensana plans to establish its Saltend processing hub as an independent and sustainable supplier of the key rare earth magnet metal oxides to a market which is currently dominated by China.\n \n \n The US$195 million Saltend facility is being designed to produce circa 12,500 tonnes per annum of rare earth products, of which 4,500 tonnes will be neodymium and praseodymium oxide (NdPrO), representing over 5% of the world market in 2025.\n \n \n 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.\n \n \n Powered by low-carbon offshore wind, it will be the first major separation facility to be established in over a decade and will become one of the few major producers located outside China.\n \n \...