£15 million funding boost to strengthen supply of critical minerals

Innovate UK has announced a £15m programme to boost recycling of rare earth elements in order to strengthen critical supplies. Rare earth elements are required in products ranging from electric vehicles to washing machines and laptops, with global

The problem with EVs is that, although driving one might involve zero emissions, building one creates more greenhouse gas than making a petrol engine car. In the case of the Polestar 2, for example, manufacturing creates 24 tonnes

The paper entitled, ”Midstream Processing and Refining: Unlocking Security of Supply,” used Pensana’s  UK-based rare earth oxide refinery as a case study project for strengthening a domestic supply chain of critical materials. “Pensana has commenced construction of a rare

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.

Pensana’s rare earth oxide refinery has been quoted as strategically important to the UK’s security and economy in the Critical Minerals Association paper entitled ”Midstream Processing and Refining: Unlocking Security of Supply” “Pensana Plc aims to become an alternative

The UK Government has announced it will provide £15m in funding to innovate rare earth elements recycling technologies and techniques – a significant boost to the UK’s critical minerals supply chains. Rare earth elements – a group of

At Tesla’s 2023 Investor Day on March 1st the company revealed that its next generation PMSM traction motors would not use rare earth permanent magnets. As stated by Colin Campbell, VP Powertrain Engineering at Tesla, “as the world

This conference will examine priorities and next steps for critical minerals in the UK – including developing a broader, more stable and environmentally sustainable supply chain. It is bringing key stakeholders together with policymakers to discuss the Government’s UK

Angola, Zambia and the Democratic Republic of Congo (DRC) have taken major steps to create a trade corridor that could transform how the region’s resources are shipped, mineral exploration company Pensana Metals says. The three countries have agreed to joint management of

Angola, Zambia, and Democratic Republic of Congo (DRC) have taken major steps to create a trade corridor that could transform how the region’s resources are shipped. The three countries have agreed to joint management of a trade corridor to

Angola has more to offer than diamonds. The country is endowed with an abundance of natural resources, including deposits of base metals and iron ore. The Copperbelt which straddles the Democratic Republic of Congo (DRC) and Zambia is

Business Secretary Grant Shapps has today (Wednesday 11 January) agreed to deepen the UK’s collaboration with the Kingdom of Saudi Arabia on critical minerals, putting the government’s ambitions for building more resilient critical minerals supply chains into clear

Every week, a new concession agreement is signed or a foreign company invests in rare-earth mining projects in the continent of Africa. Africa has the world’s largest mineral reserves. Countries like Burundi, Madagascar, Malawi, Kenya, Namibia, Mozambique, Tanzania,

Business Secretary Grant Shapps has agreed to deepen the UK’s collaboration with the Kingdom of Saudi Arabia on critical minerals, putting the government’s ambitions for building more resilient critical minerals supply chains into clear action. The partnership paves

Pensana, which is developing a £150m rare earth refinery at Saltend, is to receive more than £3m worth of investment from one of its shareholders. M&G Investment Management, a fund manager and longstanding Pensana shareholder, has agreed to

UK fund manager M&G Investment Management will invest a further $4-million in Pensana, which is focused on establishing a sustainable magnet metal supply chain. Pensana will issue 7.25-million new shares to M&G, which is already a shareholder in the company.

One of the UK’s largest fund managers has upped its stake in Humber Bank-investing rare earth specialist Pensana. More than £3 million has been pumped into the company by M&G Investment Management, as it increased its shareholding to