Rainbow Rare Earths Share News (RBW)

Rainbow Rare Earths Information

Share Price Information for Rainbow Rare Earths (RBW)

Share Price is delayed by 15 minutes

Get Live Data

22.00 0.50 (2.33%)

Bid:

21.50

Ask:

22.50

Spread: 1.00 (4.651%)

Market Cap: £153.93m

Last checked at -

Intraday Rainbow Rare Earths Share Chart

REMOVE ADS

IN BRIEF: Rainbow Rare Earth develops extraction flowsheet

Tue, 28th Jun 2022 20:12

Rainbow Rare Earths Ltd - Guernsey-based mining company - Confirms successful development of rare earths extraction flowsheet from the phosphogypsum stacks at its Phalaborwa Project in South Africa. The process was developed in collaboration with K-Technologies Inc, following test work at ANSTO Minerals, Australia, and K-Tech's facilities in Florida.

Chief Executive Officer George Bennett comments: "Working closely with K-Tech, we have been able to identify and confirm a novel process which will allow us to recover valuable rare earth oxides in a low capex and opex manner from phosphogypsum. We are now in the process of jointly patenting this intellectual property with K-Tech and believe it will allow us to secure additional rare earths opportunities, such as the previously announced collaboration with a major chemicals group in South Africa."

Current stock price: 12.86 pence, up 5.0% on Tuesday

12-month change: down 9.8%

By Elizabeth Winter; elizabethwinter@alliancenews.com