Rainbow Rare Earths Limited Changes to Secretary, Registered Agent & Office (9822G)
01 Abril 2022 - 5:13AM
UK Regulatory
TIDMRBW
RNS Number : 9822G
Rainbow Rare Earths Limited
01 April 2022
1 April 2022
Rainbow Rare Earths Limited
("Rainbow" or "the Company")
LSE: RBW
Changes to Company Secretary, Registered Agent and Office
Rainbow Rare Earths announces that it has appointed Scorpio
Secretarial Services Limited as Company Secretary and that its
registered agent in Guernsey will change to Invicta Wealth
Solutions Limited, both with immediate effect.
The registered office of the Company has also changed with
immediate effect to Connaught House, St Julian's Avenue, St. Peter
Port, Guernsey, GY1 1GZ.
**ENDS**
For further information, please contact:
Rainbow Rare Earths George Bennett
Ltd Company Pete Gardner +27 82 652 8526
SP Angel Corporate Ewan Leggat
Finance LLP Broker Charlie Bouverat +44 (0) 20 3470 0470
Tavistock Communications PR/IR Charles Vivian +44 (0) 20 7920 3150
Tara Vivian-Neal rainbowrareearths@tavistock.co.uk
Notes to Editors:
Rainbow's strategy is to become a globally significant producer
of rare earth metals. Nd/Pr and Dy are vital components of the
strongest permanent magnets used for the motors and turbines
driving the green technology revolution. Analysts are predicting
demand for magnet rare earth oxides will grow substantially over
the coming years, driven by increasing adoption of green
technology, pushing the overall market for Nd/Pr and Dy into
deficit.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises an Inferred Mineral Resource Estimate of 38.3Mt at 0.43%
TREO contained within gypsum tailings stacked in unconsolidated
stacks derived from historic phosphate hard rock mining. High value
NdPr oxide represents 29.1% of the total contained rare earth
oxides, with economic Dysprosium and Terbium oxide credits
enhancing the overall value of the rare earth basket in the stacks.
The rare earths are contained in chemical form in the gypsum
stacks, which is expected to allow high-value separated rare earth
oxides to be produced with lower operating costs than a typical
rare earth mineral project.
The Company's Gakara Project in Burundi has produced one of the
highest-grade rare earth concentrates in the world (typically 54%
total rare earths oxides ("TREO")) through trial mining operations.
The Gakara basket is weighted heavily towards Nd/Pr, which account
for approximately 19.5% of the contained TREO and 85% of the value
of the concentrate. The Gakara project is currently on care and
maintenance at the request of the Government of Burundi.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
COSMZGGDMMMGZZM
(END) Dow Jones Newswires
April 01, 2022 07:13 ET (11:13 GMT)
Rainbow Rare Earths (LSE:RBW)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Rainbow Rare Earths (LSE:RBW)
Gráfica de Acción Histórica
De May 2023 a May 2024