Inward-investing rare earth specialist Pensana has been extremely encouraged by initial results from further exploration in Africa.
The magnet metal supply chain developer is bringing a complex separation plant to Saltend Chemicals Park, with the aim of commissioning late next year.
It will take materials sustainably mined in Angola and provide for manufacturing markets including electric vehicles and offshore wind turbines.
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.