Proactive Investors One2One Forum

RNS Number : 9054C
Rainbow Rare Earths Limited
20 April 2017
 

FOR IMMEDIATE RELEASE

20 April 2017

 

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company')

Proactive Investors One2One Forum

 

Rainbow, the rare earth element mining company, is pleased to announce that the Company's CEO Martin Eales will be presenting at the Proactive Investors One2One Mining Forum on Thursday 9 May at 6.00pm at The Chesterfield Mayfair Hotel, 35 Charles Street, London, W1J 5EB.  

 

Martin Eales will be updating attendees on Rainbow's progress towards developing the Gakara project in Burundi,  one of the highest grade rare earth projects in the world. The Company is targeting sales of rare earth concentrate by the end of 2017 through its multinational sales and distribution partner, tk Raw Materials, part of the Thyssenkrupp Group.

 

Further details relating to this event can be found via the following link to the registration page, http://bit.ly/2oSDKKo.

 

**ENDS**

 

For further information, please contact:

 

Rainbow Rare Earths Ltd

Martin Eales

Tel: +44 (0) 20 7494 8206

St Brides Partners Ltd

Lottie Brocklehurst

Susie Geliher

Tel: +44 (0) 20 7236 1177

Daniel Stewart & Company Plc

Richard Potts

Tel: +44 (0) 20 7776 6550

Hannam & Partners (Advisory) LLP

Neil Passmore

Brent Nabbs

Tel: +44 (0) 20 7907 8500

 

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.  The Company has 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 tk 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 accounting for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines and electric vehicles.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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