Rainbow Rare Earths Ltd. (RBWRF)
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Rainbow Rare Earths is seeing rapid progress with Phalaborwa optimisation
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 CEO talks through the 'very pleasing' interim study for Phalaborwa - ICYMI
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.
Rainbow Rare Earth update confirms 'exceptional economics' of Phalaborwa
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) said a new study of the Phalaborwa project in South Africa had reinforced the ‘exceptional economics' first identified in the initial PEA. George Bennett, Rainbow's chief executive, said: “The capital and operating cost estimates, now at a much higher level of economic confidence than at the PEA stage, confirm that Phalaborwa remains the highest margin rare earth project in development today outside of China.
Rainbow Rare speaking to 'off-takers'
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) confirmed it had begun talks with potential end users of the product from the Phalaborwa project in South Africa. Securing customers, known as 'off-takers' in the industry parlance, is an important part of the jigsaw as management looks to secure project finance for the operation, which is slated to open in 2027.
Rainbow Rare Earths and Ecora complete gypsum stack royalty deal
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has signed off a royalty financing and share subscription agreement with Ecora Resources for the Phalaborwa project in South Africa. All conditions precedent required for the payment of the US$8.5 million royalty consideration have been met, Rainbow added, and the funds, net of US$229,000 transaction costs, have been received.
Rainbow Rare Earths resource upgrade receives thumbs up from US investment bank
The US bank Stifel has repeated its 'buy' and 40p target for shares in Rainbow Rare Earths Ltd, which earlier Wednesday upgraded the resource at Phalaborwa, South Africa, by 15%, adding two years to the project life. Total measured, indicated and inferred resources now stand at 35 million tonnes at 0.44% TREO [rare earths], with a near doubling in the material now classified as measured.
Rainbow Rare Earths sees Phalaborwa as worth US$3.7b after upgrade
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has upgraded the resource at Phalaborwa by 15% adding two years to the project life. Total measured, indicated and inferred resources now stand at 35 million tonnes at 0.44% TREO [rare earths], with a near doubling in the material now classified as measured.
Rainbow Rare Earths boss says Ecora deal is further validation of Phalaborwa
George Bennett, Rainbow Rare Earths' chief executive, explains to Proactive the royalty agreement with Ecora Resources and the accompanying fundraise. George Bennett: We are very delighted with this transaction.
Rainbow Rare Earths financing passes muster with US investment bank
American bank Stifel has provided positive feedback on the move by Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) (Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF), Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF)) to sign an US$8.5 million royalty agreement for the Phalaborwa project in South Africa while also raising US$1.5 million through an equity subscription, both with Ecora Resources. The royalty will see Ecora entitled to 0.85% of gross revenues, rising to 0.95% if production does not start before October 2027 and 1.1% if production is delayed until after 1 July 2028.
Rainbow Rare Earths in royalty in tie-up with Ecora
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has signed a US$8.5 million royalty agreement for the Phalaborwa project in South Africa while also raising US$1.5 million through an equity subscription, both with Ecora Resources. The royalty will see Ecora entitled to 0.85% of gross revenues rising to 0.95% if production does not start before October 2027 and 1.1% if production is delayed until after 1 July 2028.
Rainbow Rare Earths chief explains significance of 'very good' metallurgy at Phalaborwa: ICYMI
George Bennett, the CEO of Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) explains to Proactive the significance of the recent pilot for its Phalaborwa rare earths project and what happens next. George Bennett: We ran the pilot plant for far longer than originally anticipated, a total of 70 days.
Rainbow Rare Earths making 'excellent' progress with pilot tests
Rainbow Rare Earths said a seventy-day pilot test for the Phalaborwa development project in South Africa had confirmed concentrate recoveries at 66%. A final separation stage pilot plant will further sort the concentrate into rare earth oxides, with this work ongoing in Florida.
