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: [phone]
St Brides Partners Ltd	Lottie Brocklehurst Susie Geliher	Tel: [phone]
Daniel Stewart & Company Plc	Richard Potts	Tel: [phone]
Hannam & Partners (Advisory) LLP	Neil Passmore Brent Nabbs	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.  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.

 

END

 

 

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