Pensana (LON: PRE) - 97p, Mkt Cap £218m - aims to establish a major Rare Earth processing separation facility in Saltend, Humber in the UK, subject to funding. The fully permitted Saltend site has freeport tax status and when built it would currently be one of only three producers outside China.
Pensana is a ‘mine-to-market-to magnets’ Rare Earths opportunity. Its Angolan mine at Longonjo, which after recent upgrades is estimated to contain 40 million tonnes of rare earths, which easily supports building a facility producing 12,500 tonnes per annum (tpa) of rare earth oxides for over 20 y...
