Rainbow Rare Earths Limited Publication of ARA and notice of AGM (6489Q)
29 Octubre 2021 - 1:00AM
UK Regulatory
TIDMRBW
RNS Number : 6489Q
Rainbow Rare Earths Limited
29 October 2021
Rainbow Rare Earths Limited
("Rainbow" or the "Company")
(LSE: RBW)
29 October 2021
Publication of Annual Report and Notice of Annual General
Meeting
Rainbow Rare Earths Ltd is pleased to announce that it has today
published its Annual Report and Accounts for the year ended 30 June
2021 on the Company's website at www.rainbowrareearths.com.
The Company also announces that the Annual General Meeting of
Shareholders ("AGM") will be held at 11am on 17 November 2021 at
its registered office Trafalgar Court, 2nd Floor, East Wing,
Admiral Park, St Peter Port, Guernsey GY1 3EL.
In light of ongoing COVID-19 travel restrictions and advice, the
Board has taken the decision that it will not travel to Guernsey to
attend the AGM in person.
A copy of the Notice of AGM and related forms of proxy will
shortly be available for inspection on the Company's website at
www.rainbowrareearths.com/investors/corporate-documents/ or via the
Financial Conduct Authority's National Storage Mechanism website.
Please note that, as in the prior year, printed copies of the
Annual Report and Accounts will not be available as Rainbow focuses
on a more digital approach to investor communications in line with
its environmental commitments.
**ENDS**
For further information, please contact
Rainbow Rare George Bennett
Earths Ltd Company Pete Gardner +27 82 652 8526
SP Angel Corporate Ewan Leggat
Finance LLP Broker Charlie Bouverat +44 (0) 20 3470 0470
--------- ------------------- --------------------------------------
Flagstaff Strategic Tim Thompson +44 (0) 207 129 1474
and Investor Fergus Mellon rainbowrareearths@flagstaffcomms.com
Communications
------------------ --------------------------------------
Notes to Editors:
Rainbow's strategy is to become a globally-significant producer
of rare earth metals. Nd/Pr 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 into deficit.
The Phalaborwa Rare Earths Project, located in South Africa,
comprises an Inferred Mineral Resource Estimate of 38.3Mt at 0.43%
total rare earths oxides ("TREO") contained within gypsum tailings
stacked in unconsolidated dumps derived from historic phosphate
hard rock mining. High value Nd/Pr oxide represent 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 contained in the stacks. The rare earths are contained in
chemical form in the gypsum dumps, which is expected to deliver a
higher-value rare earth carbonate, 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 concentrates in the world (typically 54% TREO)
through trial mining operations. The Gakara basket is weighted
heavily towards Nd/Pr, which account for over approximately 19.5%
of the contained TREO and 85% of the value of the concentrate.
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
ACSBCBDGGSDDGBI
(END) Dow Jones Newswires
October 29, 2021 02:00 ET (06:00 GMT)
Rainbow Rare Earths (LSE:RBW)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rainbow Rare Earths (LSE:RBW)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024