Demand for Rare Earth Elements (REE) has surged due to electric vehicles, renewable energy technology and ICT growth.
REEs present unique extraction challenges as they are typically found in dispersed, small amounts and in association with other minerals such as uranium.
As such, mining companies are pursuing commercial deposits, such as those in Africa, with several noteworthy projects already underway.
Longonjo Project: Angola
The Longonko REE project is an open-pit mine and flotation concentration plant located in Angola.
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.