Pensana Rare Earths PLC ( GB:PRE ) has released an update. Pensana Rare Earths PLC has announced a non-binding MOU with Hanwa Co. Ltd, focusing on the offtake of up to 20,000 tons per annum of rare earth carbonate from Pensana's Longonjo mine, with intentions to foster a sustainable supply chain and explore financial cooperation. This agreement aims to secure a long-term partnership, underpinning Pensana's commitment to supply high-quality magnet metal products while maintaining strong ESG credentials, evidenced by its recent EcoVadis Gold Medal for sustainability.