Pensana Rare Earths Plc has announced that it has submitted a planning application to establish a rare earth processing facility at Saltend Chemicals Park in Yorkshire.
When the US$125 million facility is built and operated, it will create approximately 100 direct jobs, making it one of the world’s largest producers of rare earth oxides. Electric vehicles and offshore wind turbines.
The 370-acre site is located at the mouth of the Humber Estuary, the gateway to Europe and the UK’s busiest port complex.
Commenting on Newspensana Chairman Paul Azarley, “We are delighted with the enthusiastic support of a wide range of stakeholders in this proposed investment. The UK’s world’s first sustainable The mine will be established in the magnetic metal supply chain.
“The plug and play service provided by PX Group at the world-class salt end chemical park will significantly reduce capital costs for proposed facilities, focus on the operational aspects of investment and provide a range of long-term ambitions. You can do it.
“We look forward to working with local stakeholders to establish approval for this investment in the UK’s high value manufacturing industry,” he added.
Pensana Rare Earths PLC stock (LON:PRE) is 9.04% +9.04% at 102,50 (1026GMT).
