REE Separation agreement20 Sep 2021 08:51
https://www.londonstockexchange.com/news-article/RBW/rare-earths-separation-technology-agreement/15140363
George Bennett, CEO, commented: “We believe that this Agreement provides Rainbow with a significant competitive advantage and that the IP is ideally suited to our Phalaborwa Project, where it would enable us to focus on the separation of only the most valuable rare earth oxides within the basket – Nd/Pr, Dy and Tb, which are all critical building blocks for the green revolution.
If the results of a successful Preliminary Economic Assessment currently underway at Phalaborwa are achieved using this proven separation technology, the IP will bring considerable benefits. In addition to the anticipated capex and opex savings, when compared to a traditional separation circuit, the IP will enable Rainbow to participate efficiently in the downstream separation process, allowing us to capture the full rare earth oxide price for our material.
We are also excited to be in a position to utilise the Technology to secure an interest in other rare earth phosphogypsum opportunities in the region, where we believe tremendous value can be unlocked.”