Multi-million pound Government backing for rare earth refinery
Rare earth exploration and development company, Pensana, says the Government has offered up to £4m towards the funding required to build a rare earth oxide separation facility in the Humber Freeport at Saltend.
The Saltend project will deliver 450 jobs during construction and 150 jobs in operation with a significant opportunity for further expansion.
Pensana is developing the facility to establish an independent, sustainable rare earth supply chain with mid-stream processing to produce magnet metal in the UK.
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