Rare Earths Norway

Rare Earths Norway AS is developing the Fen Carbonatite Complex in Nome municipality, Telemark, which the company describes as the largest known REE deposit of the carbonatite type in Europe. The planned process runs from underground mining and beneficiation to a mixed rare earth concentrate, with hydrometallurgy, separation, metal production and magnet production as later stages in a mine-to-magnet value chain. REN says it will manage the first three stages itself and is in discussions with other industrial players about the remaining ones.

The intended customers are European industrial users of rare earth materials, with permanent magnets using neodymium and praseodymium as the main end market. The company is owned by Hustadlitt Group (95%) and Brennebu AS.

The company was founded in 2017 and is headquartered in Ulefoss, Norway. A mineral resource estimate updated in February 2026 was based on 30,000 metres of drill samples, and a pre-feasibility study by Hatch was completed in the same month. In April 2026 the company received permits for test extraction and pilot plant operation. A new resource mapping and R&D centre in Ulefoss is due to start in August 2026 with 10 permanent staff. A new CEO, Håvard Moe, took office on 1 September 2026.

Product: Mixed rare earth concentrate from the Fen carbonatite deposit, produced through mining and beneficiation, with planned downstream processing into magnets.