PR Newswire
LONDON, United Kingdom, February 04
4 February 2026
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Pensana Plc («Pensana» or the Company»)
Update on US$25 million Longonjo mine finance
Pensana is pleased to announce that, further to the Longonjo Main Finance
announcement of 15 May 2025 wherein the Company announced the US$25 million
equity tranche («the Financing») to be deployed by the Angolan Sovereign Wealth
Fund («FSDEA») at subsidiary level into Ozango Minerais sa («Ozango»), the final
funding tranche of the Financing has been received and is currently being fully
deployed towards the Longonjo main construction workstreams.
Pursuant to receipt by Ozango of the US$25 million, the Company’s majority
ownership in Ozango should reduce from 84% to 68.4%. However, as part of the
US$100 million strategic investment announced on 9 December 2025, it is
anticipated that the effective ownership positions will be subject to further
change and as a result Pensana’s ownership is expected to increase and this will
be communicated to the market accordingly in due course.
The information contained within this announcement is considered by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No.596/2014. Upon the publication of this announcement via a
Regulatory Information Service, this inside information will be considered to be
in the public domain. The person responsible for arranging for the release of
this announcement on behalf of the Company is Paul Atherley (Chairman).
– ENDS –
For further information, please contact: Shareholder/analyst enquiries:
Pensana Plc
Paul Atherley, Chairman
Tim George, Chief Executive Officer
Rob Kaplan, Finance Director
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https://news.cision.com/pensana-plc/r/update-on-us-25-million-longonjo-mine-finance,c4302102
