Rainbow Rare Earths shines as drilling at Kiyenzi unveils greater than expected mineralisation
The observations were made from the analysis of two holes from a total of 30 made during a 2018 drilling campaign
Company
Rainbow Rare Earths Ltd
LON:RBW
Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition and other advanced future-facing technologies. The company is doing this successfully via pioneering the first commercial recovery of rare earth elements from phosphogypsum that occurs as the by-product of phosphoric acid production. These projects eliminate the cost and risk of mining, meaning that they can be brought into production quicker and at a lower cost than traditional hard rock mining projects.
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Rainbow Rare Earths is advancing in South Africa and Brazil
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Rainbow Rare Earths reports encouraging grades from Kiyenzi, new resource estimate draws closer
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Rainbow Rare Earths looking to raise at least £4mln to expand Burundi project
If more than the minimum is raised it will be used for an additional drilling campaign focused on the larger-scale, lower grade Kiyenzi area and strengthening the balance sheet
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