Publication of Annual Report & Notice of AGM

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/ 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 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 Pete Gardner	[phone]
SP Angel Corporate Finance LLP	Broker	Ewan Leggat Charlie Bouverat	[phone]
Berenberg	Broker	Matthew Armitt Jennifer Lee	[phone]
Tavistock Communications	PR/IR	Charles Vivian Tara Vivian-Neal	[phone] [e-mail]

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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