Desk · Development / financing · NdPr / LREE
LSE:PRE
Pensana
Longonjo carbonatite in Angola plus the Saltend (UK) separation concept. Mine is the asset; the UK plant has been a moving piece.
Quiet
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 12-01 Offtake
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: Longonjo financing / offtake (101d).
Trading
- Last
- £0.240
- 1d
- +0.8%
- Mkt cap
- $90M
- Volume
- 2.1M
- 52-week
- 12p – 48p
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $3.0M/kt · snapshot, not a live tape
Company & people
HQ
London / Luanda
Focus
NdPr / LREE · Hard rock
CEO Tim George
- Tim George, CEO
- Paul Atherley, Chair
Mine / project
Flagship
Longonjo
Location
Huambo, Angola; Saltend, UK (plant concept) · Angola / United Kingdom
Deposit
Carbonatite
Resource
Longonjo NdPr carbonatite, DFS-level. Saltend was the European separation pitch.
Desk basket
30 kt MagREO (desk)
Radioactivity
Moderate — typical monazite / carbonatite
Capital, loans, grants & support
Angolan state / UK policy (hist.) loan
Development-finance headlines — confirm live facilities
The Pulse
Longonjo is a real carbonatite. The Saltend narrative has drifted. Pulse is a funded Angolan starter and a binding offtake, not another UK campus rendering.
LSE. US listing is not the near-term work.
Next: 1 Dec 2026 — Longonjo financing / offtake
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneLSE listing
Primary listing PRE. Longonjo is the asset; Saltend has been a moving piece.
- 02 · GapUS OTC
No OTCQB strategy.
- 03 · GapDTC eligibility
Not in play.
- 04 · GapUS holder tape
Angola + a drifting UK plant is not a US register.
- 05 · NextLongonjo finance / offtake1 Dec 2026
Funded Angolan starter and a binding offtake, not another campus rendering.
- 06 · GapSEC registration
US listing is not the near-term work.
- 07 · GapNasdaq $4 bid
Last ~24p / ~US$0.30.
- 08 · GapNasdaq application
LSE stays the board.
Catalysts
Longonjo financing / offtake
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method