REG - Rainbow Rare Earths - Publication of Annual Report & Notice of AGM

Rainbow Rare EarthsAnnouncement

27/10/2022 07:00

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RNS Number : 2432E  Rainbow Rare Earths Limited  27 October 2022

 

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/
(http://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
(http://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     +27 82 652 8526

                                          Pete Gardner
 SP Angel Corporate Finance LLP  Broker   Ewan Leggat        +44 (0) 20 3470 0470

                                          Charlie Bouverat
 Berenberg                       Broker   Matthew Armitt     +44 (0) 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:

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.

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