Pensana has entered into a memorandum of understanding (MoU) with Vacuumschmelze (VAC), initiating a partnership to establish a mine-to-magnet supply chain in the US. With the recent launch of its eVAC magnetics facility in Sumter, South Carolina, VAC is contributing to the enhancement of domestic rare-earth magnet production in the US, which is essential for the country’s national and economic security. The MoU outlines key terms including the proposed offtake of mixed rare earth carbonate (MREC) from P ...