Business
Sunday Times picks Pensana as top stock for COP26
Sunday Times picks Pensana as top stock for COP26.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1322Q\n Pensana PLC\n 25 October 2021\n \n \n \n \n \n \n \n 25 October 2021\n \n \n RNS REACH\n \n \n \n \n \n Pensana Plc\n \n \n (\"Pensana\" or \"the Company\")\n \n \n The Sunday Times selects Pensana as stock pick ahead of COP26 and 'EV boom'\n \n \n \n \nPensana has again been named a top stock ahead of COP26 as published in The Sunday Times yesterday. \n \n \n The article, titled Five shares you can buy to hitch a ride on the EV boom, notes Saltend's globally unique location in a Freeport and that the Company's £15m equity fundraising kickstarted early works on site in June 2021, among other strengths. \n \n \n Earlier this month, British investment bank Liberum also picked Pensana as a top pick for COP26 and as one of three UK companies that meet the climate leaders gold standard.\n \n \n Pensana's Chairman, Paul Atherley, said: \"The electrification of motive power is the biggest energy transformation in history and is dependent on the supply of powerful rare earth magnets which is dominated by China.\n \n \n \n Rare earth prices continue to rise and have pushed through US$100,000 per tonne as the awareness grows that China is going to need all of its magnet production for its $11 trillion Carbon Neutral plan.\n \n \n \n \n Building a rare earth processing hub in a Freeport in the UK will be a major step in establishing an independent and sustainable supply chain for these critical magnet metals.\"\n \n \n \n The Sunday Times article can be read here: \n \n https://www.thetimes.co.uk/article/five-shares-you-can-buy-to-hitch-a-ride-on-the-ev-boom-mx6vc97vp\n \n \n \n \n \n \n \n \n \n \n For further information:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Pensana Plc\n \n \n \n \n \n \n \n \n \n \n \n \n \n Website:\n \n \n Paul Atherley, Chairman / Tim George, CEO\n \n \n \n \n \n \n www.pensana\n \n \n .co.uk\n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n About Pensana\n \n \n The electrification of motive power is the most important part of the energy transition and one of the biggest energy transitions in history. Magnet metals are central to the transition and critical to high value manufacturing applications such as electric vehicles and offshore wind turbines.\n \n \n Pensana plans to establish Saltend as an independent, s...