Pensana Rare Earths

The news supports Pensana’s ambitions for its state-of-the-art Longonjo rare earth project in the country.

China’s dominance over the critical mineral supply chains presents one of the largest strategic vulnerabilities since the Arab oil embargo.

"This enables us to rapidly establish the world’s first major rare earth processing facility in over a decade." - Paul Atherley

It will also be delisted from the official list of the ASX whilst maintaining its primary listing on the London Stock Exchange.

Pensana Rare Earths has submitted a planning application for the proposed rare earth oxide separation facility at the Saltend Chemicals Park, Humber, Yorkshire.

The facility will be one of only two major producers outside China of rare earth oxides used in the manufacture of powerful permanent magnets.

LSE and ASX-listed rare earths developer Pensana Rare Earths has successfully produced an NdPr-rich mixed rare earth carbonate from the testwork currently underway on mineralisation from its Longonjo rare earth project in Angola.

LSE and ASX-listed rare earths developer Pensana Rare Earths has appointed the Wood Group to undertake a study into the establishment of an integrated rare earth processing facility in the UK.

Pensana has announced that Fundo Soberano de Angola will make a further equity investment in the Company of approximately US$8.6 million.

LSE and ASX-listed rare earths developer Pensana Rare Earths has substantially upgraded the mineral resource estimate for its Longonjo neodymium and praseodymium project in Angola.