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Share Price Information for Rainbow Rare Earths (RBW)
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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
- Berenberg lowers target price on Rainbow Rare Earths following TechMet deal
9 Nov 2023 - LONDON BROKER RATINGS: M&S and Unilever raised but Asos cut
9 Nov 2023 - Rainbow Rare Earths shares rise as TechMet signs option deal
8 Nov 2023 - Rainbow Rare Earths annual loss widens amid supply chain issues
30 Oct 2023 - Rainbow Rare Earths strikes deal with Nexus for gypsum by-product sale
4 Oct 2023 - TRADING UPDATES: ECR Minerals submits exploration licence in Australia
27 Sep 2023 - Rainbow Rare Earths hails supply agreement with Less Common Metals
11 Sep 2023 - TRADING UPDATES: MP Evans acquires two Indonesian palm oil producers
7 Sep 2023
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