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Rare Earths Elements

Providing essential raw materials for the green transition

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The Fen Carbonatite Complex

Ancient volcano created a large deposit of Rare Earths

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European Raw Materials Alliance

We are prioritized by European Raw Materials Alliance

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About Rare Earths Norway

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The company

REN was established in 2016 with the purpose of developing the Fen Complex.

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Vision

REN’s vision is to become an important supplier of mixed rare earths concentrate in Europe, enabling the green industrial transition and climate change mitigation.

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Mineral rights

REN’s exploration permit covers approximately 90% of the REE-bearing iron-dolomite carbonatite (FDC) at Fen.

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Highlights

Fen Complex

The Fen Carbonatite Complex

The Fen Carbonatite Complex was created 580 million years ago when carbonate-rich magma formed a volcanic feeder pipe.

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European Raw Materials Alliance

Rare Earths Norway is proud to announce that we were endorsed by ERMA in 2022.

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Sustainability

The Hustadlitt group has 70 years of experience in the mining industry.

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The people

Sturla Steinsvik

Sturla Steinsvik

Project Advisor & Chairman of the Board

Founder of Hustadlitt. 60 years of experience from developing global businesses within the mineral industry.

Trond Watne

Trond Watne

Chief Geologist

27 years of experience in the Hustadlitt Group as geologist and mining engineer. Holds a PhD in Mining Engineering from Norwegian University of Science and Technology.

Birger Solberg

Birger Solberg

Director of the Board

CEO of Ulefos Holding, Cappelen Group. Previously VP Sibelco Europe and CEO of Sibelco Nordic. Holds a M.Sc Mechanical Engineering from Norwegian University of Science and Technology and AMP from INSEAD.

Rune Vigdal

Rune Vigdal

Director of the Board

Founder of REN. 11 years of experience from the rare earths industry. Previous experience as CFO/CEO in several companies. Holds a Master of Science/Master of Business Administration.

Finn Tore Sylte

Finn Tore Sylte

Business development & Director of the Board

22 years of experience in the Hustadlitt Group within business development, finance and other areas. Holds degrees in Engineering and Economics.

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Leo Helland

CEO

International, industrial background with more than 20 years of experience from oil & gas industries, upstream, downstream and oil services. Several top level management positions within industries like offshore wind power, engineering, mechanical production, construction, shipping, industrial processes and biotechnology. Executive Master of Management from Norwegian Business School, Petroleum Technology from University in Stavanger. Board member and Chairman positions from several industry companies.

Tore Malo Ødegård

Tore Malo Ødegård

CFO

4 years in the Hustadlitt Group within finance and business development. Previous experience from investment banking. Holds a M.Sc in Industrial Economy and Technology Management from Norwegian University of Science and Technology.

Partners

Ntnu
Carester
Chalmers

The mining value chain

The end product for the value chain is permanent magnets.

Permanent magnets, also known as supermagnets, are essential in manufacturing a wide range of state-of-the-art products, including electric cars and wind turbines. The production of permanent magnets normally involves four stages. REN covers the first of these, from mining to extracting the REE minerals from the ore itself.

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