ReElement and Pensana Secure Rare Earth Partnership

ReElement Technologies

Strategic REE Offtake Agreement

US-based ReElement Technologies and UK mine developer Pensana have signed an offtake agreement for rare earth element (REE) supply. The deal covers up to 20,000 t/yr of mixed rare earth carbonate (MREC) from Pensana’s Longonjo mine in Angola, over five years. The agreement will integrate ReElement’s refining platform to produce ultra-pure separated rare earth oxides for advanced applications.

Longonjo Mine Development and Global Reach

Pensana has invested over $70mn in the Longonjo project, which contains 139,457t of neodymium-praseodymium oxide. The mine will be developed in two phases, each targeting 20,000 t/yr of MREC output. With this offtake agreement, Pensana has secured buyers for its entire planned production, including prior commitments to Toyota Tsusho. Both companies will leverage the Lobito Corridor in Angola to reduce logistics costs and enhance global market access.

The Metalnomist Commentary

This agreement highlights how Western firms are securing critical rare earth supply chains outside China. By linking Longonjo’s resources with ReElement’s refining capabilities, the partnership strengthens diversification efforts in rare earth processing. The use of Angola’s Lobito Corridor also underscores the importance of logistics infrastructure in securing reliable global exports.