“This JV represents an important step in Rainbow’s strategy to benefit from the expected growth in global demand for rare earth metals."
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.
This additional commitment will increase the Term 1 joint venture expenditure from $3,000,000 to $4,100,000 by March 31, 2021.
With the completion of this important step, the Company is now only awaiting Cabinet approval of its SML application.
With an SML in place, Peak Resources will look to secure funding to build Ngualla, and an associated downstream beneficiation facility.
Pensana Rare Earths has entered into a heads of agreement with CGWIC for the purposes of co-operating together for the theLongonjo Project in Angola.
Mkango has launched the Innovate UK grant funded project, “Rare-Earth Recycling for E-Machines” in which HyProMag is a partner.