Pensana provides update on Loan Facility extension talks with FSDEA

Pensana plc (LON:PRE) has announced that, further to the Angolan Sovereign Wealth Fund (FSDEA) advancing a US$15 million loan facility to the Company in August 2023 to enable the funding of capital expenditure, working capital and operating expenditure at the Longonjo project, the Company has reported that discussions have been held regarding the extension of the loan facility to coincide with the anticipated finalisation of the main financing.

Pensana will make an announcement as soon as these arrangements are finalised.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Pensana plc

More articles like this

Pensana plc

Rare Earth Elements in the green energy revolution

The rare earth elements (REE) sector is gaining increasing attention as the world pivots towards sustainable and green technologies. These elements, crucial for the manufacturing of magnets used in electric vehicles (EVs), wind turbines, and various

Pensana plc

Africa’s path to Sustainable Growth

Success is built on the simple principle of self-reliance, a truth that has been obscured in recent African history but needs to be regained and reinforced. During my recent visit to Lusaka, I attended the launch

Pensana plc

Angola’s improved investment appeal recognised by Pensana

London-listed Pensana commends the government of Angola for instilling attractive policies and growing interest in the country’s exploration potential. This comes as the country recorded an improvement in its ranking to forty-seventh out of 86 countries

Pensana plc

Pensana and Angola’s strategic shift

Angola, the world’s second-largest diamond producer, possesses abundant critical minerals vital for the green energy transition. Historically dependent on oil exports, Angola is actively diversifying its economy to reduce this reliance. As of 2023, Angola is

Pensana plc

Unlocking Angola’s untapped mineral wealth

Angola, the seventh-largest country in Africa, is most well-known for being one of the region’s biggest oil exporters. The commodity provides around half of the country’s fiscal revenues, yet it is not oil that is piquing renewed