Pensana joins Humber Business Week to boost Saltend exposure

Magnet metal and rare earths miner Pensana is supporting business promotion platform Humber Business Week to boost its Saltend rare earths facility.

Pensana says the facility will be transformational in bringing back high-value manufacturing jobs and creating a sustainable UK supply chain for the electric vehicle and offshore wind sectors.

As such, Pensana chairperson Paul Atherley, on June 7, joined Associated British Ports, KPMG, Able UK and Marketing Humber to discuss Pensana’s role in the Humber freeport, which is set to boost the local economy by £3.5-billion in investment and generate 7 000 “high-quality” new jobs, according to the company.

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.

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