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Rainbow Rare Earths, Tertiary Minerals, Ariana Resources - Resources Sector Week in Review

Rainbow Rare Earths, Tertiary Minerals, Ariana Resources - Resources Sector Week in Review

Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF, FRA:RR1) has raised £11.1 million and brought in Traxys as a strategic partner, linking the company to the US government's critical minerals stockpile programme. CEO George Bennett says the funding gets Rainbow to key milestones at both its South Africa and Brazil projects. Watch more

Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) managing director Richard Belcher says the potential for up to 58 million ounces of silver equivalent at Mushima North in Zambia is a fantastic milestone. He says the target is still open in multiple directions and there's plenty more upside to chase across the wider project. Watch more

Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6) managing director Kerim Sener says the company is well funded through the year, with around £5.4 million in cash following an investment from Xinhai. Its Tavşan mine has entered production and is expected to start paying dividends, while the Dokwe feasibility study moves ahead. Watch more

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