Prenetics Global Limited is a consumer health sciences company that has pivoted to focus on a consumer health and longevity platform. The company's main brand is IM8, which offers science-backed nutritional supplements. It also operates CircleDNA, a consumer genetic testing brand that provides personalized health reports based on sequencing technology.
REG-Pensana Plc: Update on Longonjo Financing and Coola Farm Out
Pensana says construction at the Longonjo rare earth mine is now over 30% complete, with US$15 million of the US$165 million Cascade investment (backed by the State of Qatar) received to date.
While financing remains unfinalised, the company has ramped down high-cost site activities, detailed design and long-lead procurement, extending first production from 2028 to late 2028.
Pensana is in detailed financing discussions with major shareholders and negotiating offtake agreements with potential partners to support debt facilities with ABSA and EXIM.
Separately, ASX-listed Tyranna will farm in to the Coola project, spending US$2.6 million over three years to dilute Pensana to a 20% interest, with the option to treat any Coola product at Longonjo.