Pensana PLC (LSE: PRE)

Pensana PLC (LSE: PRE) is an LSE listed & United Kingdom-based rare earth exploration, mining and processing company. The Company’s flagship development assets are the Longonjo Neodymium and Praseodymium (NdPr) Project and the Coola Exploration Project in Angola alongside the Saltend rare earth processing hub in the United Kingdom. This Report covers the Investment Highlights, Conclusion, and Recommendation on the stock.

Key Recommendation Rationale – Speculative Buy at GBX 90.20

• Financial Backing and Project Momentum: The Longonjo Project has secured financial support through equity investment and approved debt financing, allowing main construction activities to move ahead as planned. Capital costs remain well controlled, and the project is on track to begin Phase 1 production by early 2027, demonstrating financial stability and execution confidence.
• High-Quality Resource with Long-Term Growth Potential - An upgraded ore reserve and long mine life position Longonjo as a globally significant rare earth project with strong production economics. High-grade resources, scalable processing capacity, and strong interest in offtake and future expansion highlight its long-term commercial attractiveness.
• Strategic Partnerships and Responsible Development - The project benefits from growing international partnerships across financing, offtake, downstream processing, and technology, supporting the development of a diversified and sustainable rare earth supply chain. At the same time, strong engagement with local communities, high local employment, and alignment with Angola’s economic diversification goals reinforce its social and regulatory credibility..

Share Price Chart  

 PRE Daily Technical Chart, Source - Refinitiv 

Conclusion

Given its current trading levels, High-Quality Resource with Long-Term Growth Potential, Strategic Partnerships & Responsible Development, and associated risks a ‘Speculative Buy’ recommendation is given on the stock at the Current Market Price of GBX 90.20 as of 22 December 2025 at 10:00 AM GMT.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 22 December 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and/or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.