New Corporate Website

RNS Number : 8907I

Rainbow Rare Earths Limited

22 June 2017

 

FOR IMMEDIATE RELEASE

22 June 2017

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)

New Corporate Website

Rainbow, the rare-earth element mining company, is pleased to announce the launch of its new corporate website. To visit the updated website, which includes an overview of the Company's Gakara Project in Burundi which it is advancing towards production and sales of rare earth concentrate by year-end, please visit http://rainbowrareearths.com/.

**ENDS**

For further information, please contact:

Rainbow Rare Earths Ltd	Martin Eales	Tel: [phone]
St Brides Partners Ltd	Lottie Brocklehurst Susie Geliher	Tel: [phone]

Notes to Editors:

Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47-67% Total Rare Earth Oxide) rare earths projects globally.  In January 2017, the Company raised US$8 million to fast-track the fully permitted Gakara Project to production ahead of targeted first sales of concentrate by the end of 2017.  Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkrupp Raw Materials secured for the sale of at least 5,000 tpa of concentrate produced.  The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.

 

END

 

 

NRAFTMMTMBJTBFR