Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) told investors it has begun an Economic Assessment for the Uberaba rare earths project, in Brazil, in partnership with The Mosaic Company. The study will assess the recovery of rare earths from phosphogypsum at Mosaic's phosphoric acid facility.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has updated on the progress of laboratory test work and trade-off studies at its Phalaborwa project in South Africa. The company's in-house laboratory in Johannesburg has been operational for around three months.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) CEO George Bennett explains the good numbers behind its latest interim study for the Phalaborwa project in South Africa. George Bennett: We had indicated to the market that we would have an interim study out before the end of the year.
26 Mar 2025 Date | | - Cons. EPS | - EPS |
28 Oct 2024 Date | | - Cons. EPS | - EPS |
18 Oct 2024 Date | | - Cons. EPS | - EPS |
26 Mar 2025 Date | | - Cons. EPS | - EPS |
28 Oct 2024 Date | | - Cons. EPS | - EPS |
18 Oct 2024 Date | | - Cons. EPS | - EPS |
Industrial Materials Industry | Basic Materials Sector | Mr. George Sidney John Bennett CEO | OTC PINK Exchange | GG00BD59ZW98 ISIN |
GG Country | 40 Employees | - Last Dividend | - Last Split | - IPO Date |
Rainbow Rare Earths Limited is a pioneering company dedicated to the discovery and development of rare earth minerals, which are vital components in many modern technologies including electronics, renewable energies, and aerospace. Established in 2011 and headquartered in Saint Peter Port, Guernsey, the company is advancing on significant projects to extract rare earth minerals crucial for the tech and green energy industries. The primary focus is on locating and developing deposits of neodymium, dysprosium, terbium, and praseodymium. These rare earth elements are essential for manufacturing powerful magnets used in wind turbines, electric vehicles, and various high-tech applications. Rainbow Rare Earths Limited's project portfolio includes the development of the Phalaborwa project in South Africa, the Uberaba project in Brazil, and the Gakara project in Burundi, East Africa, demonstrating the company's geographical diversification and commitment to contributing to the global rare earth supply chain.
Neodymium is a crucial component in the manufacture of permanent magnets, which are used in a wide variety of electrical and electronic applications, including in the motors of electric vehicles, hard disk drives, and in generators for wind turbines. Rainbow Rare Earths is capitalizing on its projects to increase the availability of this vital rare earth metal.
Dysprosium is another rare earth element with specific properties that make it invaluable for magnets that operate under high temperatures. It's particularly important for applications in hybrid and electric vehicles, as well as in nuclear reactors. The company's mining activities focus on ensuring a consistent supply of dysprosium to meet growing market demand.
Terbium is used to create green phosphors for use in color displays, fluorescent lamps, and solid-state devices. Its unique properties are indispensable for producing devices with high energy efficiency and brightness, making it a critical material for the electronics and lighting industries. Rainbow Rare Earths' projects aim to contribute to the supply of terbium, supporting advancements in eco-friendly lighting and display technologies.
Praseodymium's primary use is in creating high-strength alloys for aircraft engines and in the manufacturing of permanent magnets. It is also used in the glass and ceramics industry to create a yellow coloration. By developing sources of praseodymium, Rainbow Rare Earths Limited seeks to meet the demand from aerospace, defense, and various manufacturing sectors.