The REEsilience EU-project aims to secure a reliable rare earth supply chain to facilitate Europe’s transition to green energy.
Rare earth elements (REEs) are essential components in many modern technologies, particularly those associated with the green energy revolution. As Europe undergoes an ambitious energy transition, the need for a secure and reliable supply of REEs has become increasingly apparent. The REEsilience EU-project seeks to address this need by developing a sustainable and resilient supply chain for rare earth magnets, which are indispensable for renewable energy technologies and electric vehicles.
How important is securing a European supply chain of REEs?
The importance of securing a supply chain of REEs for Europe’s energy transition cannot be overstated.
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.
