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IN BRIEF: Rainbow Rare Earth develops extraction flowsheet
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
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest RBW News
- WINNERS & LOSERS SUMMARY: Ocado Surges After Inking Deal With Kroger
30 Oct 2018 - Rainbow Rare Earths Falls As It Cautions On Short-Term Production
30 Oct 2018 - Rainbow Rare Earth Annual Loss Widens, Expects Production Ramp-Up
19 Sep 2018 - UPDATE: Rainbow Rare Earths Raises USD2 Million, Partners With TechMet (ALLISS)
8 Aug 2018 - Rainbow Rare Earths Raises USD2 Million, Partners With TechMet (ALLISS)
8 Aug 2018 - Rainbow Rare Earths More Than Doubles Number Of Concentrates Sold
24 Jul 2018 - Rainbow Finds Additional Rare Earth Mineralisation In Burundi Project
30 Apr 2018 - Rainbow's Burundi Mine Produces 279 Tonnes In First Full Quarter
24 Apr 2018
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