ASX-listed Pensana Rare Earths started trading on the LSE on July 6.
The company has more than 188.2-million ordinary shares in issue and is not raising any funds.
Chairperson Paul Atherley says the $16-trillion post-Covid stimulus programmes that have been announced globally are “transforming the renewable energy sector, supercharging the demand for critical rare earth magnet metals”.
With no new rare earth mines in construction, magnet metal prices are forecast to rise strongly over the next few years.