REE Minerals holds exploitation rights to a world-class rare-earth element deposit within the eastern part of Fen field in South-East Norway. This is estimated to be Europe’s largest deposit of light rare earth elements, strategically located close to key markets.
The Fen field, located in Nome municipality (Norway), represent a game-changing discovery for Europe’s rare earth industry. Containing Europe’s largest deposit of light rare earth elements (LREE), the site offers significant tonnage and a wealth of competitive advantages, positioning it as critical asset for the transition to sustainable technologies. The SUPREEMO project will utilise REE mineralised ore from the Fen deposit, which primarily consists of the REE-enriched minerals parisite-synchesite (fluorcarbonates) and monazite (phosphate).
REE Minerals deposit within the eastern part of Fen field in South-East Norway (©REE Minerals).
This rich deposit of critical elements stands out not just for its size but for its favourable distribution of rare earth elements. In the resource defined by project partner REE Minerals, approximately 21 % of the REE´s comprise neodymium and praseodymium, key materials for manufacturing REE magnets for electric vehicles, wind turbines, IT systems, and mobile devices.
In terms of homogeneity, Fen ore makes it well-suited for large-scale mining, significantly reducing both exploration and operational costs. Geology also facilitates the separation of waste rocks early in the process, lowering the expenses and risks associated with downstream processing. In addition, similarities with other world-class carbonatite deposits enable the application of established beneficiation knowledge, reducing risks and metallurgical costs.
Core drill samples containing rare earth elements from Fen deposit (©REE Minerals).
Additionally, the Fen deposit benefits from its location in an area with well-developed infrastructure, including an easily accessible roads network, rail, ports, heavy industry and barge-transportable waterways. These logistical advantages support cost-effective extraction and distribution, enabling low-risk production.
Building on these significant advantages, REE Minerals has invested extensively in the Fen field, conducting four drilling programs, geochemical analyses, and bench-scale testing of the ore. In September 2023, a maiden Mineral Resource Estimate (MRE) by SRK Consulting validated the field’s immense potential. Based on 10,447 meters of diamond drilling within REE Minerals´ Fen exploitation license area, the MRE reports inferred resources of 95 million tonnes of mass at an average grade of 1.28 percent TREO, (0.75 % TREO cut-off) equating to 1.2 million tonnes of rare earth oxides. The deposit remains open-ended in multiple directions, with mineralization confirmed to a depth of at least 1000 metres, highlighting the opportunity for further expansion. In addition, REE Minerals have in January 2025 completed a scoping level underground mine plan in collaboration SRK Consulting, Wales.
As the global demand for rare earth elements is expected to keep increasing, the Fen field highlights Europe’s ability to meet this need sustainably and competitively. With this robust resource base, low-risk production methods, and strategic advantages, the Fen deposit is set to be a key player in driving the technologies of the future.
