Rare earth facility in Hull clears UK Government fund hurdle

Inward-investing Pensana has revealed early stage plans for major expansion of its operations in East Yorkshire. The rare earth specialist, making strong headway in funding its £150 million separation facility at Saltend Chemicals Park, is now

Humber Freeport tax sites have already attracted £1bn of investment which will create up to 600 jobs across the region, a major decarbonisation conference has heard. Humber Freeport’s Interim CEO Simon Green told an event during

Pensana and The Yorkshire Energy Park (YEP), at an on-site event on November 17, signed a letter of intent for the site of a future permanent magnet metal facility within the park. The YEP is located adjacent to

British company Pensana plans to open a mine in Angola to reduce Europe’s dependence on rare earths from China. At the same time, it wants to build a clean supply chain. Can that succeed? Tim George has taken

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.

Pensana provided the following update on the financing of both the Longonjo and Saltend projects. Highlights from Pensana Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend

Rare earths and magnet metals mining company Pensana’s engineering team has successfully completed a modular redesign of the Longonjo neodymium and praseodymium mine and processing facility in Angola, with a total capital expenditure (capex) of $200-million. “The completion of the engineering redesign, together with

Global investment banking powerhouse ABG Sundal Collier is backing Pensana’s rare earth separation plant at Saltend, providing 60 per cent of the anticipated build cost. A bond worth around $150 million (£123.5 million) is to be

In about five years, the Group of Seven (G7) countries aim to have completed what is arguably a response to China’s Belt and Road Initiative (BRI) investments in Africa. The G7’s flagship in Africa is the

A magnet metal processing facility at Saltend, led by rare earth specialist Pensana, has garnered attention as a significant component of the Mineral Security Partnership between the UK and the US. Paul Atherley, the Chair of

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.

London-listed Pensana has been offered a grant of up to £4-million by the UK Secretary of State for Business and Trade towards the funding required to build a rare earth oxide separation facility in the Humber Freeport at

A grant of up to £4 million has been offered by the government to support the build out of Pensana’s rare earth separation plant at Saltend. Chairman Paul Atherley has confirmed the award, part of the

Pensana Chairman Paul Atherley has met Nusrat Ghani, Minister of State at the Department for Business and Trade and Cabinet Office, to discuss the potential UK and US Government support for its Saltend project, which is