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
Previous article
Breville Group: Completes Baratza purchase
Next article
Family Zone: Achieves record growth in September quarter
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.

You May Also Like

FinTech

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...
FinTech

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...
FinTech

UK Banks Strengthen Cybersecurity with Anthropics Mythos Model

New collaboration enhances banks' defense against cyber threats.Highlights: UK banks to access Anthropics Mythos model in the upcoming...
FinTech

UK Banks to Gain Access to Anthropic Cybersecurity Model Next Week

New collaboration enhances cybersecurity for UK banking institutions.Highlights: UK banks set to access Anthropic's cybersecurity model soon.Collaboration aims...