Pensana plc (LON:PRE) has again been named a top stock ahead of COP26 as published in The Sunday Times yesterday.
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.
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.
The Sunday Times article can be read here: https://www.thetimes.co.uk/article/five-shares-you-can-buy-to-hitch-a-ride-on-the-ev-boom-mx6vc97vp
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.
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.
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.”
