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IN BRIEF: Pensana hires US-based Stonegate Capital Partners as adviser

ALN

Pensana PLC - London-based rare earths explorer - Appoints US-based Stonegate Capital Partners Inc as adviser to provide investor outreach and initiate research coverage. Says the move is part of its strategy to raise its profile in the US, and target institutional investors and strategic partners. Chair Paul Atherley says the company looks forward to working with Stonegate to engage North American investors, following US moves to realign rare earth supply chains. ‘Following the recent developments with the US administration and MP Materials Corp in realigning magnet metal rare earth supply chains to the US we are very much looking forward to working with the Stonegate team in presenting the Pensana story to North American institutional investors adding to the growing interest in the company’s US OTC listing.’

Current stock price: 80.80 pence, up 9.2% in London on Monday afternoon

12-month change: multiplied from 15.55p

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