Pensana and Yorkshire Energy Park to explore magnet metal plant opportunity

Inward-investing Pensana has revealed early stage plans for major expansion of its operations in East Yorkshire.

The rare earth specialist, making strong headway in funding its £150 million separation facility at Saltend Chemicals Park, is now looking across the road to develop a magnet metal operation at Yorkshire Energy Park. A letter of intent has been signed with the land owners, a consortium headed by Hull’s Sewell Group. At the heart of it would be electric furnaces powered by offshore wind.

A timeframe, as well as level of investment, has yet to be revealed, with a scoping study underway, but it is envisaged a further 60 jobs could join the 120 to be created at Saltend.

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.

Click to view all articles for the EPIC: PRE
Or click to view the full company profile:
Pensana plc

Pensana secures conditional loan for Longonjo Rare Earth project

23rd January 2025

Pensana Plc (LON:PRE) secures financing for Longonjo rare earth project with Absa Bank approval. Chairman Atherley expresses gratitude for this milestone.

Rare Earth Elements fueling innovation and global sustainability

21st January 2025

Rare earth elements (REEs) fuel our tech-driven world, essential for smartphones, EVs, and renewable energy. Learn how countries race to secure their supply chains.

Pioneering Critical Minerals and Economic Transformation

16th January 2025

Pensana is reshaping Africa’s mining landscape with its innovative approach at the forefront of the industry, focusing on sustainable development and economic transformation.

Catalysts of technological advancement and environmental progress

9th January 2025

Rare earth elements are essential in modern technology, from electric vehicles to smartphones.

Pensana and the future of the UK’s critical mineral strategy

18th December 2024

The UK stands at a critical juncture in its energy and resource policies, with a looming challenge around securing access to critical minerals. In November 2024, the British Geological Survey identified 34 raw materials as essential

US development initiative supports African growth with major investments

13th December 2024

DFC CEO Scott Nathan joins President Biden in Angola to unveil a $553M loan for vital infrastructure projects. Learn more about the U.S. commitment in Africa.

Pensana demonstrates commitment to transparency with EITI visit

12th December 2024

Geraldine Tchimbali of Pensana meets with EITI assessors, highlighting Angola’s dedication to transparency and high ESG standards in the mining sector.

Pensana AGM Presentation highlights progress on the ground at Longonjo

9th December 2024

Pensana plc Chairman Paul Atherley commented “It’s great to see such tangible progress on the ground at Longonjo. The effort by everyone involved is much appreciated and we look forward to completing the financing and getting the

US grant boosts Angola’s critical mineral sector

5th December 2024

A recent statement from the White House has brought attention to the US$ 3.4 million technical assistance grant provided to Pensana in October. This grant is aimed at expanding the company’s mining operations, with a focus

Biden’s visit to Angola aims to strengthen US-Africa relations

3rd December 2024

President Biden’s visit to Angola to counter China’s influence in Africa has sparked interest. Highlight on infrastructure, mineral processing, and economic ties.

The essential role of Rare Earth Elements in a sustainable future

26th November 2024

Rare earth elements (REEs) have become indispensable in modern technology due to their exceptional magnetic, phosphorescent, and catalytic properties. These elements are key components in devices we use daily, from smartphones and LED lights to wind

Advancing global climate and energy solutions

20th November 2024

The U.S. International Development Finance Corporation (DFC) has announced over $3.7 billion in climate finance investments for Fiscal Year 2024, marking a significant stride in addressing global climate and energy challenges. This commitment underscores the U.S.

Leading sustainable rare earth supply in Europe

14th November 2024

Leading sustainable rare earth supply in Europe The rare earth elements (REE) sector has emerged as one of the most strategically important industries in today’s global economy. As critical inputs for modern technology, these elements play

Industrial uses and global production of Rare Earth Elements

7th November 2024

Rare earth elements, a group of 17 metallic elements, possess unique magnetic, luminescent, and electrical properties that make them valuable for various industrial uses. Despite the presence of these elements in mineral ores worldwide, their production

Critical Minerals Africa Summit returns to Cape Town for growth and investment

1st November 2024

In just one week, the highly anticipated Critical Minerals Africa (CMA) Summit will return to Cape Town for its second edition. The 2024 summit, held under the theme “Innovate. Enact. Invest in African Critical Minerals to

Rare Earth Elements in high-tech and energy devices

31st October 2024

Rare-earth elements (REEs) play a critical role in a range of high-tech devices, from smartphones and digital cameras to computer hard disks and electronic displays. They are also vital to clean energy initiatives and defence technologies,

Geraldine Tchimbali presents Longonjo Project to local stakeholders in Huambo

23rd October 2024

Earlier this month, Geraldine Tchimbali, Country Manager, presented the Longonjo Project at the “Conferência Científica” in Huambo. During her presentation, she emphasised the substantial socioeconomic benefits that the US$217 million investment will bring to the region.

The unique qualities and future potential of Rare-Earth Elements

15th October 2024

The unique properties of rare-earth elements (REEs) make them critical to many high-tech applications. Despite the misleading name, these elements are not particularly scarce in the Earth’s crust, though they are typically found in low concentrations.

Be sure to check our sister interview main ratings news website