Rainbow Rare Earths Ltd. (RR1)

Overview

Rainbow Rare Earths Limited is a prominent player in the mining and exploration sector, specializing in rare earth minerals. Founded in 2011 and headquartered in Saint Peter Port, Guernsey, the company has dedicated its resources to discovering and developing valuable deposits of rare earth elements. Its main focus is on neodymium, dysprosium, terbium, and praseodymium, which are critical for various high-tech and green technologies. Rainbow Rare Earths holds a significant 90% interest in the Gakara project in Western Burundi, spanning approximately 135 square kilometers, showcasing its commitment to tapping into the rich mineral resources Africa has to offer. Further expanding its geographical footprint, the company also operates in South Africa through its interest in the Phalaborwa project, diversifying its exploration and development activities across the African continent.

Products and Services

• Neodymium:

  Utilized in the manufacturing of powerful magnets for electric motors, hard disk drives, and wind turbines, neodymium is a critical component of many modern technologies. Rainbow Rare Earths is involved in the exploration and development of neodymium deposits to meet the growing demand for this essential rare earth mineral.

• Dysprosium:

  This element is vital for producing magnets that retain their properties at high temperatures, making it invaluable for electric vehicles and wind turbines. The company's investment in the exploration of dysprosium aims to support the advancement of renewable energy technologies and high-efficiency motors.

• Terbium:

  Terbium is used in solid-state devices and as a dopant in calcium fluoride, calcium tungstate, and strontium molybdate materials that are used in solid-state devices. It also plays a crucial role in the production of green phosphors for trichromatic lighting. Rainbow Rare Earths' activities in terbium exploration contribute to the supply chain of materials essential for energy-saving lighting solutions and electronic devices.

• Praseodymium:

  Praseodymium has applications in high-strength metals used in aircraft engines and is also used to create strong alloys for permanent magnets. Additionally, it is involved in creating the core material for carbon arc lights used in the film industry and in manufacturing special glasses. The company's work in praseodymium supports various industries, including aerospace, entertainment, and the production of consumer electronics.