Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) said Darryll Castle has joined its board as a non-executive director through the nomination right held by TechMet Limited.
TechMet can nominate one director to the board for so long as it holds at least 10% of the shares, with its stake now at 12.0% following its recent participation in a placing.
A South African, Castle is currently director of operations for TechMet with a 30-year background in engineering, including stints as chief executive of Trafigura Mining, PPC Cement (JSE listed) and Anvil Mining (ASX:AVM) (TSX and ASX listed).
George Bennett, Rainbow’s chief executive, welcomed Castle, adding he is joining Rainbow “at a critical point as we are set to deliver on the operation of the Phalaborwa pilot plant over the coming months, both via the delivery of a mixed rare earth sulphate from the plant front end in South Africa and via the delivery of separated rare earth oxides from the plant back end in the USA”.