viewRainbow Rare Earths Limited

Rainbow Rare Earths - Appointment of SP Angel as Joint Broker

RNS Number : 3911U
Rainbow Rare Earths Limited
22 November 2019


Rainbow Rare Earths Limited

("Rainbow" or the "Company")



Appointment of Joint Broker


London, 22 November 2019. Rainbow Rare Earths Ltd, the Rare Earth Element ("REE") mining company, is pleased to be announce that it has appointed SP Angel Corporate Finance LLP as Joint Broker to the Company.


For further information, please contact

Rainbow Rare Earths Ltd



George Bennett

Jim Wynn

+27 82 652 8526

+44 (0) 20 3910 4551

SP Angel Corporate Finance LLP

Joint Broker

Ewan Leggat

Charlie Bouverat

+44 (0) 20 3470 0470

Turner Pope Investments

Joint Broker

Andy Thacker

Zoe Alexander

+44 (0) 20 3657 0050

St Brides Partners Ltd

IR and PR

Priit Piip

+44 (0) 20 7236 1177


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 and the only African producer.


The Company began production of rare earth concentrates in Q4 2017 and has a ten-year distribution and offtake agreement with multinational ThyssenKrupp Materials Trading secured for the sale of at least 5,000tpa of concentrate produced.


The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.

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Quick facts: Rainbow Rare Earths Limited

Price: 3.75

Market: LSE
Market Cap: £15.82 m

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