A magnet metal processing facility at Saltend, led by rare earth specialist Pensana, has garnered attention as a significant component of the Mineral Security Partnership between the UK and the US. Paul Atherley, the Chair of Pensana, met with Business and Trade Minister Nusssrat Ghani prior to the inaugural Mineral Security Partnership talks with US Under Secretary Jose Fernandez. Pensana has been recognized as a partner in this new platform, with the participation of the UK, US, and international allies.
During the meeting, Mr. Atherley emphasized the importance of Saltend’s development in supporting the UK’s automotive supply chain, which employs over 780,000 individuals, as it transitions to electric vehicles. The project seeks support from both the UK and US governments, and construction is already underway. The facility is expected to create 150 highly skilled jobs and will play a crucial role in domestic magnet metal provision for electric vehicle and wind turbine components.
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.
