Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has joined the Rare Earth Industry Association, a global non-profit promoting a sustainable supply chain for critical materials.
The move supports its aim to recover magnet rare earths from phosphogypsum at its Phalaborwa project in South Africa.
These elements, vital for defence and technology, include neodymium, praseodymium, dysprosium and terbium.
The US Government has identified Phalaborwa as a strategic source, with up to $50mn in proposed equity funding.