REG - Rainbow Rare Earths - PDMR Shareholding

Rainbow Rare EarthsAnnouncement

14/01/2026 17:45

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RNS Number : 9481O  Rainbow Rare Earths Limited  14 January 2026

14 January 2026

Rainbow Rare Earths Limited

("Rainbow" or "the Company" and together with its subsidiaries "the Group")

LSE: RBW

 

PDMR Shareholding Notification

Rainbow Rare Earths announces that Pete Gardner (CFO), a Person Discharging
Managerial Responsibility ('PDMR') of the Company, has effected a share
transaction, transferring shares previously held into a SIPP and ISA.  The
net effect of the transaction is a sale of 166 shares to cover the transaction
costs.

Further disclosures as required for the notification of PDMRs are included in
the Appendix to this announcement.

 

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

 Stifel                    Broker   Ashton Clanfield       +44 (0) 20 7710 7600

                                    Varun Talwar

 

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
pioneering the first commercial recovery of rare earth elements from
phosphogypsum that occurs as the by-product of phosphoric acid production.
These projects eliminate the cost and risk of typical rare earth projects,
which involve mining and the production of a rare earth concentrate that must
be chemically cracked to form a mixed rare earth carbonate before further
downstream processing. As such, Rainbow's projects can be brought into
production quicker and at a lower cost than traditional hard rock mining
projects.

The Company is focused on the development of the Phalaborwa Project in South
Africa and the earlier stage Uberaba Project in Brazil. Rainbow's process will
deliver separated rare earth oxides through a single hydrometallurgical plant
on site, with a focus on the recovery of neodymium, praseodymium, dysprosium
and terbium. These are critical components of the high-performance permanent
magnets used in electric vehicles, wind turbines, defence and exciting new
markets such as robotics and advanced air mobility.

The Phalaborwa updated interim economic study released in December 2024 has
confirmed strong base line economics for the project, which has a base case
NPV(10) of US$611 million. Given Phalaborwa is a chemical processing
operation, with its resource sitting at surface in a chemically cracked form,
it has a much lower operating cost than traditional rare earth mining
projects, and it is therefore estimated to be one of the highest margin rare
earth projects in development today outside of China.

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)

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Pete Gardner
 2   Reason for the notification
 a)  Position/status                                              PDMR
 b)  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Rainbow Rare Earths Limited
 b)  LEI                                                          213800HONYSAXTG6KS11
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description of the financial instrument, type of instrument  Ordinary shares of no par value

     Identification code

                                                                  GG00BD59ZW98
 b)  Nature of the transaction                                    Transfer of shares into SIPP and ISA

 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            £0.1825   328,785 - disposed
                                                                  £0.1825   328,619 - purchased
 d)  Aggregated information

     Aggregated volume                                            Net sale of 166 shares

     -      Price                                                 £30.30

 e)  Date of the transaction                                      9 January 2026

                                                                  Note: the Company is not considered in a close period at the time of this
                                                                  transaction.

 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

 

Aggregated volume

 

-      Price

 

 

 

Net sale of 166 shares

 

£30.30

e)

Date of the transaction

 

9 January 2026

Note: the Company is not considered in a close period at the time of this
transaction.

 

f)

Place of the transaction

London Stock Exchange

 

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