Option of a refinery in Teesside, United Kingdom
Peak Rare Earths holds a 250 year peppercorn lease on a site at the Wilton International Estate in Tees Valley, a world class, “plug and play” location that could provide the necessary infrastructure, reagents and materials for a rare earth's refinery.
High-grade rare earth concentrate, or mixed rare earth carbonate could be shipped to a future rare earth refinery in the Tees Valley, United Kingdom. The refinery could produce NdPr Oxide and other separated rare earth products for distribution to key European and Asian end markets. The Tees Valley is an established industrial and chemical processing zone, which benefits from existing infrastructure and utilities.
The site is located within the Wilton International Site (Wilton) and 3km from the Teesport deep-water port. Wilton is a large-scale industrial park that has existing access to reliable competitively priced power, utilities and services. The Teesport deepwater port is the third largest UK port by volume, has existing capacity to receive rare earth mineral concentrate and reagents, and is close to several facilities that can manage waste residue from the refining process.
The site is also located within the Teesside designated Freeport area. Following recent announcements by the UK Government, freeport areas are expected to benefit from lower tariffs and customs charges, simplified customs procedures, and tax breaks to encourage investment and government support to promote regeneration and innovation.
Location:
Tees Valley (UK)
Potential refined products from the Ngualla Ore body:
1. NdPr Oxide (2N Purity):
3,000tpa – 3,500tpa
2. Lanthanum Carbonate (Ox eq):
4,500tpa – 5,300tpa
3. Cerium Carbonate (Ox eq):
2,000tpa – 2,400tpa
4. SEG & Mixed Heavy Carbonate
(Ox eq):
300tpa – 400tpa
