London-listed rare earths developer Pensana has broken ground at its Saltend rare earth processing hub, in the Humber Freeport, in England.
The refinery is the first major rare earths separation facility to be built in more than a decade. Once in full production in 2024, it will be one of only three major rare earth oxide producers outside of China and will be the world’s first rare earth processing facility being powered by offshore wind.
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.