RCS - Rainbow Rare Earths - AJ Bell ‘Live’ Investor Evening 13 September 2023

Rainbow Rare EarthsAnnouncement

08/08/2023 07:00

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RNS Number : 5698I  Rainbow Rare Earths Limited  08 August 2023

8 August 2023

Rainbow Rare Earths Limited

("Rainbow" or "the Company")

LSE: RBW

 

AJ Bell 'Live' Investor Evening - 13 September 2023

Rainbow Rare Earths is pleased to announce that it will be presenting via the
Shares and AJ Bell 'LIVE' investor evening in London on 13 September 2023.

Rainbow aims to be a forerunner in the establishment of an independent and
ethical supply chain of the rare earth elements that are driving the green
energy transition. It is doing this successfully via the identification and
development of secondary rare earth deposits that can be brought into
production quicker and at a lower cost than traditional hard rock mining
projects.

The Shares and AJ Bell Media investor evening event is an opportunity for
senior board directors to make a presentation about their company and update
existing and potential investors on their business plans.

Investors will have the chance to discover investment opportunities and get to
know the companies better by asking questions 'live' in person after the
presentation over drinks and buffet food.

Shareholders and potential investors can register to join us LIVE at the
Novotel, Tower Hill for free via this link:

https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-live-event-130923
(https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-live-event-130923)

For those who cannot attend in person, a replay will be made available on the
following link as soon as it is available after the event:

https://www.rainbowrareearths.com/news-media/media/
(https://www.rainbowrareearths.com/news-media/media/)

For further information, please contact:

 

 Rainbow Rare Earths Ltd   Company  George Bennett     +27 82 652 8526
                                    Pete Gardner
                                    Cathy Malins (IR)  +44 7876 796 629
                                                       cathym@rainbowrareearths.com (mailto:cathym@rainbowrareearths.com)

 Berenberg                 Broker   Matthew Armitt     +44 20 3207 7800
                                    Jennifer Lee

 Tavistock Communications  PR/IR    Charles Vivian     +44 (0) 20 7920 3150
                                    Tara Vivian-Neal   rainbowrareearths@tavistock.co.uk (mailto:rainbowrareearths@tavistock.co.uk)

 

Notes to Editors:

About Rainbow:

Rainbow Rare Earths aims to be a forerunner in the establishment of an
independent and ethical supply chain of the rare earth elements that are
driving the green energy transition. It is doing this successfully via the
identification and development of secondary rare earth deposits that can be
brought into production quicker and at a lower cost than traditional hard rock
mining projects, with a focus on the magnet rare earth elements neodymium and
praseodymium, dysprosium and terbium.

The Company is focused on the development of the Phalaborwa Rare Earths
Project in South Africa and the earlier stage Uberaba Project in Brazil. Both
projects entail the recovery of rare earths from phosphogypsum stacks that
occur as the by-product of phosphoric acid production, with the original
source rock for both deposits being a hardrock carbonatite. Rainbow will use a
proprietary separation technique developed by and in conjunction with its
partner K-Technologies, Inc., which simplifies the process of producing
separated rare earth oxides (versus traditional solvent extraction), leading
to cost benefits, as well as being more environmentally friendly.

The Phalaborwa Preliminary Economic Assessment has confirmed strong base line
economics for the project, which has a base case NPV(10) of US$627 million 1 
(#_ftn1) , an average EBITDA operating margin of 75% and a payback period of
< two years. Pilot plant operations commenced in 2023, with the project
expected to reach commercial production in 2026, just five years after work
began on the project by Rainbow.

More information on the company is available at www.rainbowrareearths.com
(http://www.rainbowrareearths.com/) .

 

 1  (#_ftnref1) Net present value using a 10% forward discount rate

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