Pensana says Longonjo rare earths mine construction tops 30% as financing talks continue
Bitget2026/09/25 06:05- Pensana flagged funding delays at its Longonjo rare earths mine, extending the construction schedule from 2028 to late 2028.
- Construction is over 30% complete; high-cost site work, detailed design, and long-lead procurement were ramped down pending financing.
- Financing talks continued on Cascade’s USD 165 million investment backed by Qatar; USD 15 million has been received.
- Offtake negotiations advanced to underpin planned debt facilities with ABSA and EXIM.
- Accepted a farm-in at the Coola project with ASX-listed Tyranna, targeting USD 2.6 million exploration spend over three years.
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