Norway's Fen Rare Earth Project Sees 81% Resource Increase, Boosting European Supply Independence

Published: Mar 5, 2026 09:15

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Rare Earths Norway announced a significant increase in the mineral resource valuation of its Fen rare earth project, which now contains a total of 15.9 million mt of rare earth oxides, up 81% from the 8.8 million mt assessed in 2024. Located in southern Norway, the project is the largest rare earth ore under development in Europe, and the resource increase is mainly based on the results of last year’s supplementary exploration drilling. The company said this will help the European continent reduce its reliance on China’s rare earth supplies.

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