Ferro-alloys.com：Pensana Rare Earths Plc submitted a planning application requesting the establishment of rare earth processing facilities in Saltend Chemicals Park, Yorkshire, England.

The company told shareholders on Monday that the application may take up to three months to be reviewed.

Once completed, this US$125 million facility will create about 100 direct jobs and become one of the world’s largest producers of rare earth oxides, which are widely used in electric vehicles and offshore wind turbines And a series of industries.

The project will be located in Saltend Chemicals Park (Saltend Chemicals Park), which has a series of chemical and renewable energy businesses including BP Chemicals.

Paul Atherley, Chairman of Pensana, said in the media, "We are very pleased to have the strong support of many stakeholders. This investment plan will create high value for the Humber area. Manufacturing employment opportunities, and will be an important step in establishing the world’s first sustainable development mine that moves towards a supply chain of magnet metals."

"Px group (Px group) provides plug-and-play services in the world-class Satende Chemical Park, which greatly reduces the capital cost of the proposed facility, allowing us to focus on the operational aspects of investment and contribute to our long-term Goals provide leeway."

At the close of trading on Monday, Pensana's shares were up nearly 8% on the London Stock Exchange (LSE). The company's market capitalization is $281 million.

• [Editor:zhaozihao]