Source - Alliance News

Pensana PLC - rare earths explorer - Receives £316,643 in grant funding by Innovate UK under its CLIMATES programme. Pensana works in partnership with Polestar, Route2 and the universities of Leeds and Hull to develop a low carbon sustainable supply chain for rare earth magnets. The project is backed by the UK government. ‘Rare earth elements underpin so much of what makes everyday life and work possible, from the cars we drive to the phones we use. It is essential that, in a rapidly changing world, we do all we can to ensure resilient supplies of these and other critical minerals. We are laser-focused on securing robust supply chains, for the growing, green industries that will deliver jobs and prosperity across the UK in the decades to come,’ says Nusrat Ghani, minister of state at the Department for Business & Trade.

Current stock price: 35.90 pence, closed 0.3% lower on Wednesday in London

12-month change: down 27%

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