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Yes that confirms the production date hasn't changed from 2026.
The timeline was DFS then the rest of 2024 fund raising, with construction starting in 2025.
The original plan gave 9months for fund raising and now there is maybe 6months or less.
As George said after raising the $50m, the timeline would not be brought forward from 2026 production but the funding would guarantee that it happened to schedule.
https://www.rainbowrareearths.com/investors/results-reports-presentations/
"There will be no crap articles." I presume you mean "no more"! Still not tooooooo embarrassed ? And for someone with the industry and technical knowledge of a gerbil, and for you to be calling the tech RBW are using "crude" is hilarious ....!
RBW's project for processing phosphogypsum and extracting REE is interesting, but the technology is "crude".
There will be no crap articles.
I'm very glad you lack critical thinking.
Https://transforming-economies.de/seltene-erden-warum-sie-fuer-die-transformation-recycelt-werden-sollten/
I predict a flurry of crap articles now from reetech. Thankfully I will only see green blocked boxes.
Https://copperbeltkatangamining.com/south-african-rare-earths-project-receives-u-s-support/
commissioning date: 2026
Https://investornews.com/critical-minerals-rare-earths/technology-metals-report-01-19-2024-rainbow-rare-earths-discovery-middle-east-critical-minerals-chess-play-and-ansto-invests-in-critical-minerals-research/
"The project is set to start in 2026 .."
It's a 3month delay in the DFS.
Where does it say the plant construction has been delayed?
Two weeks from now resource update Phalaborwa.
At a later date initial test results from the Brazilian resource asset which is far greater than Phalaborwa.
DFS now moved to second half of H2 which is a six month delay. Arises from back end changes in the processing.
Funding programme probably commences after DFS. but construction of plant now moves to July 2025 start date.
An upcoming recessionary environment probably does not harm Rainbow Rare future outcomes and exhausts on-going high grading of mines elsewhere that depress rare earth prices. Still on track as far as I can see to deliver material as rare earth prices rise significantly.
CEO George Bennett speaks to Thomas Warner from Proactive after the magnet rare earth metals company announced the visit shortly before Christmas of a bipartisan US Congressional delegation to the Phalaborwa site following a $50 million investment by the Development Finance Corporation (DFC).
This investment is pivotal for Rainbow Rare Earths, enhancing its profile in government circles and setting a positive tone for 2024. Bennett discusses the ongoing progress of their Florida-based separation plant, which is producing rare earth oxides, and announced upcoming visits to monitor its operations.
He also teases potential positive news about the final separation results and a resource update for the South African project. Moreover, Bennett shared updates on the company's project in Brazil, emphasising its larger scale and longevity compared to the South African project, and hinted at forthcoming announcements on initial test results.
He says the company's definitive feasibility study, initiated last year, is on track for completion in the second half of 2024. Bennett's interview reflects Rainbow Rare Earths Ltd's commitment to expanding its global footprint and contributing to the rare earth sector's growth, reinforcing its position as a key player in this critical industry."
T'Tony,
Many thanks for a prompt and honest answer,
Sounds like momentum is building nicely
Time to open the purse strings methinks
@Reet
Is RBW a "good company" ?
Good afternoon, Tony
Are you from this organization.
https://www.reetec.no/
- good company, but no.
Four years after the research nothing came of it.
Reetech is talking bs as per usual.
I recall the company is not on the same scale as Rainbow rare especially using the Swedish supply source.
I looked at them ages ago Tornado but quickly ruled them out as anyone in the industry could not possibly be as desperate, thick and ignorant on the subject as him.
Reetech
Are you from this organisation.
https://www.reetec.no/
China syndrome
On 5th September they delivered a sample of 3kgs, but I have mis-read the later RNS as it made no statement on continued supply of the sulphate processing in the 30 October RNS which was to run for 4 months. It implies the change over to use a carbonate happened sometime in October. I stand corrected on that point. Tony
Now Reet, that's a real picture--George "arm-in-arm" with the US delegation-any more "concentrate" rubbish ?
I wonder if they went over to Brazil ? As Mosaic are looking for PP start up costs, and my guess is that the US will wait to see the first Oxides (POC) from K Tech
Yup, its going to breakout soon.