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Pensana raises £15 million to progress UK and Angola projects

London-listed Pensana Rare Earths has raised £15 million (US$21.1 million) via a share placing, with 10% coming from Angola’s sovereign wealth fund, the company’s largest shareholder.

Pensana raises £15 million to progress UK and Angola projects Pensana raises £15 million to progress UK and Angola projects Pensana raises £15 million to progress UK and Angola projects Pensana raises £15 million to progress UK and Angola projects Pensana raises £15 million to progress UK and Angola projects

Pensana Rare Earths' Longonjo rare earths mine in Angola

The rare earths hopeful issued 12.5 million new shares priced at 120p each, marking a 6.3% discount to the closing price on June 17 and a 1.