George Bennett, CEO at Rainbow Rare Earths (RBW), explained that he has taken significant steps to derisk the Phalaborwa Gypsym Stacks project in South Africa.
Rare Earth metals are an essential component for permanent magnets used to construct motors and wind turbines – and most rare earths are found in China.
Rainbow have two main low cost high, quality projects, the Phalaborwa Gypsum stacks in South Africa and a trial mine at Gakara in Burundi. Rainbow have just raised £6.4 million in a placing.
George Bennett was speaking live from South Africa and summarised the most recent deals and activities for us. The Rainbow Rare Earths CEO was speaking live at the London South East October Webinar, on Tuesday, 19 October.
This webinar event was sponsored by PrimaryBid. The best way to hear about their offers is to register on their website at primarybid.com.
Rainbow Rare Earths (RBW)