Rainbow Rare Earths Limited (LON:RBW)

Rainbow Rare Earths Limited (LON:RBW)


Share Price
2.85 p
Change
-0.05 (-1.72 %)
Market Cap
£6.17 m
Proactive Investors - Run By Investors For Investors

Rainbow Rare Earths Limited

ABOUT US

Rainbow Rare Earths is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa.

With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits. First production and sales to Rainbow’s offtake partner, thyssenkrupp Materials Trading,...

EPIC: RBW
Market: LSE:RBW
52-week High/Low: 15.000p / 1.550p
Sector: General Mining
Market Cap: £6.17 m
Website: www.rainbowrareearths.com
col 3
col 4
col 5
col 6

Martin Eales, chief executive of Rainbow Rare Earths Limited (LON:RBW) pitches the company to investors. For more information visit www.rainbowrareearths.com

Big Picture – A Deep Dive Examination of Rainbow Rare Earths Limited


Rainbow Rare Earths Limited Snapshot

FOCUS

Rainbow is focused on generating significant value from the extraction of high grade, high quality Rare Earth Oxides (REOs) at its Gakara Project and in turn, being a significant contributor to Burundi’s developing mining sector.  With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

Rainbow has a 10-year distribution and offtake agreement for exclusive sales of at least 5,000 tonnes per annum of concentrate with thyssenkrupp Raw Materials, an active worldwide metals trader with offices in key markets including Europe, North America, South America and Asia.

STRATEGY

With a focus on achieving sustainable, long-term production from the Gakara Project, the Company’s development strategy is to:

  • Achieve new production target run rate of 5,000 tonnes per annum during 2019
  • Expand exploration activities to target wider mineralised potential of Gakara
  • Delineate a JORC Resource Estimate to provide further tangible value of Gakara’s significant commercial rare earth mineralisation

GAKARA PROJECT

The highest grade rare earths mine globally, and the only producing rare earths mine in Africa

 

. HIGH GRADE
. MINING & PRODUCTION EXPANSION
. ATTRACTIVE RARE EARTH MIX
. SIMPLE PROCESSING AND LOW OPEX
. FULLY PERMITTED

BOARD OF DIRECTORS

Martin Eales, Chief Executive Officer

After qualifying as a Chartered Accountant in 1997 Martin embarked on a 15-year career in corporate finance, corporate broking and equity capital markets in the City, rising to the position of Managing Director at RBC Capital Markets in London. With long experience of natural resources companies and transactions Martin joined the Pella Resources Group as Business Development Director in early 2014 and was appointed Managing Director of the Company later that year.

Adonis Pouroulis, Non-Executive Chairman

Adonis is an entrepreneur whose expertise lies in the discovery, exploration and development of natural resources across Africa. Having worked in the sector for over 25 years he has extensive experience and a wide network of industry relationships across the continent. Adonis is founder and chairman of Petra Diamonds (LSE: PDL), founder and director of Chariot Oil & Gas (AIM: CHAR) and founder and chairman of the Pella Resources Group. Adonis holds a Bachelor of Science Degree (Honours).

Shawn McCormick, Non-Executive Director

Shawn is an International Affairs specialist with more than 20 years’ political and extractive industries sector experience having served in The White House as Director for African Affairs on the National Security Council (Washington), Political Affairs Director of BP (London) and Vice President of TNK-BP (Moscow). He is currently Managing Director of Connaught Strategies Ltd and an adviser to the Pella Resources Group.

 

Robert Sinclair, Non-Executive Director

Robert is Managing Director of the Guernsey based Artemis Trustees Limited, and a director of a number of investment fund management companies and investment funds associated with Artemis Trustees Limited.  He has over 48 years’ experience in finance and accountancy of which 38 years have been spent in the Guernsey financial services industry. Robert is a director of several companies which are quoted on the London Stock Exchange. In the natural resources sector, he is a director and Chairman of the Audit Committee of both Chariot Oil & Gas Limited and EF Realisation Company Limited. In the property sector, he is a director and Chairman of the Audit Committee of Picton Property Income Limited. Robert is also Chairman of Schroder Oriental Income Fund Limited. He a fellow of the Institute of Chartered Accountants in England & Wales and a Member of the Institute of Chartered Accountants of Scotland and the Society of Trust and Estate Practitioners. Robert is a resident of Guernsey.

Alexander Lowrie, Non-Executive Director

Alex is the co-founder of Telemark Capital LLP, a partnership focusing on capital advisory and asset management. Through its consulting subsidiary, Gunnerside Advisors, Alex is also involved in providing governance services as an independent investment committee member to a variety of advisory panels.  Prior to this Alex worked for 13 years in investment banking. He was a director at Deutsche Bank and then RBS from 2004 to 2012, having started his banking career in 1998 at ABN AMRO. Through these positions, he has gained extensive market experience in primary and secondary equity offerings including bringing companies to market through IPOs (including structuring, marketing and distribution). Alex graduated from Durham University with a BA (hons) in Combined Social Sciences, and he is also in the process of completing an executive MBA from Henley Business School.

Atul Bali, Independent Non-Executive Director

Is a corporate CEO with extensive experience in tech, government contracting and regulated industries operating on all six continents. Over more than 20 years he has led more than 50 M&A and JV transactions in more than 25 countries and both managed and served on the boards of several highly regulated businesses. Currently he serves as Non-executive Director of Gaming Realms Plc, a mobile games publisher, and as Chairman of Meridian Gaming, regulated and operating in more than 30 countries, with a large footprint in Africa, Central and South America and Central and Eastern Europe. He has previously held divisional CEO or President positions with IGT (NYSE), Aristocrat (ASX), and Real Networks (NASDAQ), as well as a venture capital firm. He previously trained as a Chartered Accountant with KPMG in the UK.

 

KEY SHAREHOLDERS AS AT 29 JANUARY 2019 WHO WHICH HOLD MORE THAN 5% IN THE COMPANY:

 

HEAD OFFICE

29 Lincoln’s Inn Fields
London
WC2A 3EG
+44 (0) 20 3910 4550

REGISTERED OFFICE

Trafalgar Court
Admiral Park
St Peter Port
Guernsey
GY1 3EL

PR & IR CONSULTANT

St Brides Partners
3 St Michael’s Alley
London
EC3V 9DS
+44 (0) 20 7236 1177

COMPANY SECRETARY

Artemis Secretaries Limited
Trafalgar Court
Admiral Park
St Peter Port
Guernsey
GY1 3EL

BROKERS

Arden Partners Plc
125 Old Broad Street
London EC2N 1AR
United Kingdom

Columns Including RBW

VIEW ALL

Market Reports Including RBW

VIEW ALL
Video RSS

Videos

VIEW ALL VIDEOS

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use