Rainbow Rare Earths Ltd - rare earth element mining in Burundi, East Africa - Appoints Peter Pham as new non-executive director. Pham served as US Special Envoy for Great Lakes from 2018 to 2020. In this role, he was lead US official responsible for shaping US strategy on cross-border security, political and economic issues in region, including Burundi where he led US diplomatic efforts to rebuild relations with current government.
Non-Executive Chair Adonis Pouroulis says: "The board of Rainbow Rare Earths is very pleased to welcome Peter. He brings a rich and detailed understanding of African political and economic issues to the company, as well as insights and relationships across Africa and Washington. As the architect of efforts to reform and rebuild US relations with Burundi, Peter's insights will be invaluable."
Current stock price: 13.65 pence
Year-to-date change: up 27%
By Will Paige; willpaige@alliancenews.com
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Rainbow Rare Earths (RBW)