Rainbow Rare Earths Limited

Equities

RBW

GG00BD59ZW98

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:26 2024-06-21 am EDT			5-day change	1st Jan Change
11.5 ^GBX	-4.96%		-2.13%	-9.80%

Jun. 19	Rainbow Rare Earths Limited Announces an Update with Regards to the Pilot Plant Operations for the Phalaborwa Rare Earths Development Project in South Africa	CI
Jun. 17	Western rare earths supply chain springs into gear	RE

Rainbow Rare Earths says support for private placement validates Phalaborwa rare earths project

May 16, 2023 at 03:02 am EDT

(via NewsDirect)

Rainbow Rare Earths CEO George Bennett tells Proactive's Stephen Gunnion that a £7.52mln private placement at a signifiant premium to Friday's closing price should be seen as a vote of confidence in the company and its rare earths project in Phalaborwa, South Africa.

Shareholders showed strong support, with cornerstone investor TechMet contributing £5.54mln to the placement following a rigorous independent technical and ESG due diligence process. The funds will be used to complete and operate the pilot plant, where a unique process utilizing tried and tested equipment will extract rare earths.

The cash injection will also support the completion of the definitive feasibility study, targeting Q1 2024. The funding extends Rainbow's runway into Q2 2024.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Latest news about Rainbow Rare Earths Limited

Rainbow Rare Earths Limited Announces an Update with Regards to the Pilot Plant Operations for the Phalaborwa Rare Earths Development Project in South Africa	Jun. 19	CI
Western rare earths supply chain springs into gear	Jun. 17	RE
Western rare earths supply chain springs into gear	Jun. 17	RE
Rainbow Rare Earths Chair Adonis Pouroulis ups stake to 14%	Apr. 19	AN
Nexteq confident of meeting full-year expectations	Apr. 16	AN
Transcript : Rainbow Rare Earths Limited, H1 2024 Earnings Call, Apr 03, 2024	Apr. 03
EARNINGS AND TRADING: Arbuthnot ups payout as profit more than doubles	Mar. 28	AN
Rainbow Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
Rainbow Rare Earths hails tonnage uplift at Phalaborwa	Feb. 26	AN
Rainbow Rare Earths Reports 16% Jump in Expected Tonnage at South African Project	Feb. 26	MT
Rainbow Rare Earths Updates Bulk Density Estimates for the Phalaborwa Resource Has Confirmed A Ca. 16% Increase in Overall Expected Tonnages	Feb. 26	CI
Rainbow Rare Earths Limited Provides Update on Rare Earth Oxide Separation Progress	Feb. 05	CI
UBS cuts BAT to 'neutral'; Barclays cuts Senior	Jan. 24	AN
Rainbow Rare Earths starts rare earth oxide separation in US	Jan. 11	AN
Rainbow Rare Earths Starts Rare Earth Oxide Separation Process in US	Jan. 11	MT
Rare Earth Oxide Separation Work Commences at the Back-End Pilot Plant in Florida, U.S	Jan. 11	CI
Berenberg cuts target prices for miners	Jan. 09	AN
Velocys agrees bid, Helical lets office to Sainsbury	Dec. 05	AN
US Agency to Fund $50 Million Investment for Rainbow Rare Earths’ Critical Minerals Project	Dec. 05	MT
Western start-ups seek to break China's grip on rare earths refining	Dec. 04	RE
Western start-ups seek to break China's grip on rare earths refining	Dec. 04	RE
M&S and Unilever raised but Asos cut	Nov. 09	AN
FTSE 100 Edged Lower on Yet Another Muted Session	Nov. 08	DJ
Rainbow Rare Earths shares rise as TechMet signs option deal	Nov. 08	AN
Rainbow Rare Earths Secures $50 Million Investment for South African Rare Earths Project; Shares Jump	Nov. 08	MT

Chart Rainbow Rare Earths Limited

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Company Profile

Rainbow Rare Earths Limited is a Guernsey-based mining company. The Company is engaged in the development of rare earth mineral projects in South Africa and Burundi. Its projects include Phalaborwa Project and Gakara Project. The Phalaborwa Project is a gypsum stack re-treatment project for the recovery of rare earths located in South Africa. The Phalaborwa Rare Earths Project has an inferred mineral resource estimate of 30.4 metric tons (Mt) at 0.44% TREO contained within phosphogypsum in two unconsolidated stacks derived from historic phosphate hard rock mining. The Gakara Rare Earth Project is located in Western Burundi, approximately 20 kilometers (km) south-southeast of Bujumbura, covering a combined area of approximately 135 square kilometers (km2). The mining permit covers an area of over 39 km2. It hosts various veins consisting of the minerals bastnaesite and/or monazite. Its subsidiaries include Rainbow Mining Burundi, Rainbow International Resources Ltd. and others.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-10-28 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.1452 USD

Average target price

0.4375 USD

Spread / Average Target

+201.31%

Consensus

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Sector Rare Earth Minerals

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Rare Earth Minerals