A recent statement from the White House has brought attention to the US$ 3.4 million technical assistance grant provided to Pensana in October. This grant is aimed at expanding the company’s mining operations, with a focus on increasing its capacity to 40,000 tonnes per annum of Mixed Rare Earth Carbonate (MREC). The funding will also support investigations into potential additional downstream operations and the expansion of exploration at the Coola and Sulima West sites.
The initiative underscores the importance of the Lobito Corridor, which integrates Pensana’s mineral processing efforts to produce high-value MREC. The collaboration will also explore opportunities to develop downstream activities within Angola, further enhancing the nation’s mineral processing capabilities. This aligns with the broader goal of leveraging Africa’s rich natural resources to play a crucial role in the global energy transition.
Furthermore, the partnership between the US Geological Survey and Angola’s Geological Institute is expected to attract additional investment, benefiting the country’s growing critical minerals sector. This cooperation not only supports Angola’s ambitions for inclusive economic growth but also strengthens the country’s position in the global supply chain for critical minerals, ultimately contributing to a greener energy future.
The collaboration signals a promising future for Angola, tapping into its world-class infrastructure and natural resources to drive sustainable economic growth and global energy transitions.
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.
