UK-based Pensana plans to build, subject to funding, a US$125-million sustainable rare earth separation facility at the Saltend Chemicals Park in Humber, UK. Targeted production is around 12,500 annualized tonnes of rare earth oxides, including 4,500 tonnes of magnet metal rare earth oxides (NdPr), which would represent approximately 5% of 2025 projected world demand.
The Saltend plant would purify rare earth sulfates, which would be imported from the company’s Longonjo mine in Angola.
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.