Appointment of an Non-Executive Director

RNS Number : 5531V

Pensana Rare Earths PLC

10 August 2020

 

10 August 2020

Appointment of Sandra Bates as Non Executive Director

Pensana Rare Earths Plc (LSE:PRE, ASX:PM8) is pleased to announce the appointment of Ms Sandra Bates as Independent Non-Executive Director of the Company, effective immediately.

Ms Bates is an international lawyer with over 20 years' experience advising listed and private companies in the natural resources sector on complex commercial negotiations and Environmental, Social and Governance (ESG) engagement.

Ms Bates is a Partner at Keystone Law, the London based law firm, a Non-Executive Director of LSE listed Adriatic Metals Plc and a member of Women in Mining UK.

Pensana Chairman Paul Atherley commented:

" We are delighted to welcome Sandra to the board and look forward to her guidance as we seek to establish Pensana as the leading LSE listed company on the EV and Offshore Wind critical metal supply chain.

Our Longonjo project is being designed to Equator Principles and IFC Performance Standards and very unusually for a mine, due to its access to hydro power, rail and end market use it will be GHG Emissions Scope 1, 2 and Scope 3 compliant .

The EU taxonomy on Sustainable Investment is the writing on the wall for all listed Companies seeking access to the burgeoning ESG Funds and with Sandra's asssitance we are aiming to became a company that fully integrates Sustainable Development Goals into its operations from the outset and from the ground up."  

Sandra Bates commented:

"I am delighted to be joining Paul and the team at this very exciting stage of the Company's development. The team is particularly passionate about developing young Angolan professionals, especially women in STEM, engaging responsibly with the environment, putting back into the local community and looking to build one of the world's lowest carbon footprint mines. I am excited to have the opportunity to help the Company develop as a sustainable business and a trusted partner for all stakeholders."

Save as disclosed herein, there are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with Ms Bates' appointment.

Authorised by the Board of Pensana Rare Earths Plc

For further information:
Pensana Rare Earths Plc
Website: Paul Atherley Chairman / Tim George, CEO	www.pensana .co.uk [e-mail]
Buchanan (UK Financial PR) Bobby Morse/ Augustine Chipungu /James Husband	[phone] [e-mail]

About Pensana

Pensana Rare Earths Plc is a junior mining company listed on the main board of the London Stock Exchange and ASX. The Company has an experienced mine development team that is rapidly developing the large and high-grade rare earths mining project located at Longonjo near Huambo, Angola.

The Company has recently received Angolan Presidential approval and financial backing from the Angolan sovereign wealth fund to develop the Longonjo Project as the world's first major rare earth mine to be brought online in over a decade to help meet the rapidly growing demand for the magnet metals critical for electric vehicles and offshore wind turbines and a range of other applications important for the transition towards a green economy.

 

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