Pensana Secures US$100 Million Investment for US Mine-to-Magnet Plan
Source: Investing News Network
2025-12-09 15:30:00 ET
Pensana (OTC Pink:PNSPF) reported on Tuesday (December 9) that it has concluded a US$100 million subscription with a strategic investor.
According to the London-listed company the deal underpins its braoder Mine-to-Magnet strategy in the United States.
While the company kept the investor anonymous, it revealed that the investor subscribed for 95 million new ordinary shares of £0.001 each. Alongside the strategic investment, Pensana will issue 2.85 million new ordinary shares to institutional investors.
Priced at £0.80 per share, the placement totals US$3 million.
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Pensana Secures US$100 Million Investment for US Mine-to-Magnet Plan
Pensana
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