Last checked at 27 Oct 2022 07:00
27 October 2022
Rainbow Rare Earths Limited
("Rainbow" or "the Company")
LSE: RBW
Publication of Annual Report and Notice of Annual General Meeting
Rainbow Rare Earths announces that that the Annual General Meeting of Shareholders ("AGM") will be held at 2pm on 22 November 2022 at its registered office Connaught House, St Julian's Avenue, St Peter Port, Guernsey GY1 1GZ.
A copy of the Notice of AGM and related forms of proxy will shortly be available for inspection on the Company's website at www.rainbowrareearths.com/investors/shareholder-information/shareholder-documents/ or via the Financial Conduct Authority's National Storage Mechanism ("NSM") website.
The Company's Annual Report and Accounts for the year ended 30 June 2022 is on Rainbow's website at www.rainbowrareearths.com as well as the NSM website.
Please note that, as in prior years, printed copies of the Annual Report and Accounts will not be available as Rainbow focuses on a more digital approach to investor communications in line with its environmental commitments.
For further information, please contact:
Rainbow Rare Earths Ltd | Company | George Bennett Pete Gardner | +27 82 652 8526
|
SP Angel Corporate Finance LLP | Broker | Ewan Leggat Charlie Bouverat | +44 (0) 20 3470 0470 |
Berenberg | Broker | Matthew Armitt Jennifer Lee | +44 (0) 20 3207 7800 |
Tavistock Communications | PR/IR | Charles Vivian Tara Vivian-Neal | +44 (0) 20 7920 3150 rainbowrareearths@tavistock.co.uk |
Notes to Editors:
Rainbow's strategy is to identify near-term, secondary rare earths production opportunities. Meeting escalating demand for critical minerals needed for global decarbonisation, we are focused on producing the magnet rare earth metals neodymium and praseodymium ("NdPr"), dysprosium and terbium. With our strong operating experience, proven project development experience, unique intellectual property and diversified portfolio, Rainbow will develop a responsible rare earths supply chain to drive the green energy transition.
The Phalaborwa Rare Earths Project, located in South Africa, comprises an Inferred Mineral Resource Estimate of 30.7Mt at 0.43% TREO contained within unconsolidated gypsum stacks derived from historic phosphate hard rock mining. High value NdPr oxide represents 29.1% of the total contained rare earth oxides, with economic Dysprosium and Terbium oxide credits enhancing the overall value of the rare earth basket in the stacks. The rare earths are contained in chemical form in the gypsum stacks, which allows high-value separated rare earth oxides to be produced in a single processing plant at site with lower operating costs than a typical rare earth mineral project.