REG - Rainbow Rare Earths - Evaluation of a Listing in the USA

Rainbow Rare EarthsAnnouncement

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RNS Number : 9114C  Rainbow Rare Earths Limited  05 May 2026

FOR IMMEDIATE RELEASE

 

5 May 2026

Rainbow Rare Earths Limited

("Rainbow" or "the Company")

LSE: RBW

 

Evaluation of a Listing in the United States of America

 

Rainbow Rare Earths is pleased to announce that its Board of Directors is
initiating a process to evaluate the potential benefits to the Company of
carrying out a stock exchange listing in the United States.

The Company remains focused on its core strategic priorities, which include
the delivery of the Definitive Feasibility Study at the Phalaborwa project in
South Africa in 2026 and the imminent commencement of a Pre-Feasibility Study
at the Uberaba project in Brazil, in conjunction with its US partner, The
Mosaic Company ("Mosaic").

The decision to evaluate a potential US listing has been driven by:

·    Rainbow is an advanced and low-cost source of potential near-term
supply of critical rare earth raw materials to western rare earths supply
chains, including to the US market;

·    the US is leading the way globally on the build-out of independent
rare earths supply, with major investments across the supply chain;

·    Rainbow's growing US nexus, including via its partnership with
Mosaic, to develop the Uberaba project in Brazil, and continued support from
the US International Development Finance Corporation ("DFC"), which has a
US$50 million option to provide project equity financing for Phalaborwa;

·    notable investor demand for Rainbow from North American investors, as
evidenced by Rainbow's recent private placement which was supported
predominantly by US-based investors, including Traxys, a key partner in the US
Government's US$12 billion critical raw materials stockpiling initiative,
"Project Vault"; and

·    observed valuation and trading liquidity enhancement for companies
listed on US markets.

As part of the evaluation process, Rainbow plans to engage with existing
shareholders and other relevant stakeholders to solicit their feedback on this
strategy. The Company will update the market following this engagement
process.

For further information, please contact:

 

 Rainbow Rare Earths Ltd   Company  George Bennett  +27 (0) 82 652 8526

                                    Pete Gardner
                           IR       Cathy Malins    +44 (0) 7876 796 629

                                                    cathym@rainbowrareearths.com (mailto:cathym@rainbowrareearths.com)
 Tavistock Communications  PR/IR    Charles Vivian  +44 (0) 20 7920 3150

                                    Eliza Logan     rainbowrareearths@tavistock.co.uk (mailto:rainbowrareearths@tavistock.co.uk)
 Berenberg                 Broker   Matthew Armitt  +44 (0) 20 3207 7800

                                    Jennifer Lee

 

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 and other advanced technologies. It is
doing this by developing projects that recover rare earth elements from
phosphogypsum, a by-product of fertiliser production. This approach avoids
traditional mining and allows projects to be advanced more quickly and at
lower cost. The Company is progressing two projects: Phalaborwa in South
Africa and Uberaba in Brazil, and these projects are expected to produce
critical materials for a wide range of industrial, energy, and defence
applications. More information is available at www.rainbowrareearths.com
(http://www.rainbowrareearths.com/) or by visiting the Rainbow Rare Earths
Curation Showcase at: Curation Connect - Rainbow Rare Earths Showcase
(https://app.curationconnect.com/company/Rainbow-Rare-Earths-90903?utm_source=media&utm_campaign=media&utm_id=media)
or https://app.curationconnect.com/company/Rainbow-Rare-Earths-90903
(https://app.curationconnect.com/company/Rainbow-Rare-Earths-90903) .

 

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