Rare earth metals company Pensana Plc, headquartered in London, UK – working in partnership with Polestar, Route2 and the Universities of Leeds and Hull – has been awarded £316,643 in grant funding by Innovate UK under its CLIMATES programme. This partnership is intended to develop a low-carbon, sustainable supply chain for rare earth magnets.
The project is backed by the UK Government and will use Pensana and Polestar’s low-carbon and ESG engineering to review and measure impacts, and identify opportunities, to further reduce carbon in the rare earth products vital for the energy transition.
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.
