FinTechFunding

Pensana Rare Earths: Develops mixed rare earth carbonate

  • Pensana Rare Earths (PM8) has successfully produced a neodymium-praseodymium (NdPr)-rich mixed rare earth carbonate (MREC) from recent test work
  • Test work is being undertaken at a Perth-based lab using material from Pensana’s Longonjo rare earth project in Angola
  • Additionally, two industry experts have developed a flowsheet to produce a high-grade MREC with NdPr
  • Pensana considers this mixed combination to be of a higher value to a broader market while maintaining a high purity
  • Test work is ongoing and is set to support an upcoming bankable feasibility study
  • Company shares are up 12.8 per cent and are trading for $1.15
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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