Rainbow Rare Earths Limited Results of Annual General Meeting (2705H)
23 Noviembre 2022 - 1:44AM
UK Regulatory
TIDMRBW
RNS Number : 2705H
Rainbow Rare Earths Limited
23 November 2022
23 November 2022
Rainbow Rare Earths Limited
("Rainbow" or "the Company")
LSE: RBW
Results of Annual General Meeting ("AGM")
Rainbow announces that at the AGM of the Company held at the
Company's registered office, Connaught House, St Julian's Avenue,
St Peter Port, Guernsey GY1 1GZ on 22 November 2022 at 2.00pm, all
resolutions proposed were duly passed.
**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
Matthew Armitt
Berenberg Broker Jennifer Lee +44 (0) 20 3207 7800
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 identify near-term, secondary rare
earths production opportunities. Meeting escalating demand for
critical minerals needed for global decarbonisation, we are focused
on producing the magnet rare earth metals neodymium and
praseodymium ("NdPr"), dysprosium and terbium. With our strong
operating experience, proven project development experience, unique
intellectual property and diversified portfolio, Rainbow will
develop a responsible rare earths supply chain to drive the green
energy transition.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises an Inferred Mineral Resource Estimate of 30.7Mt at 0.43%
TREO contained within unconsolidated gypsum 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 allows high
value separated rare earth oxides to be produced in a single
processing plant at site with lower operating costs than a typical
rare earth mineral project.
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END
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