A reinvigorated Rainbow Rare Earths looks forward to a productive 2020
2020 is set to be a transformative year for one of the world's highest grading rare earths projects
Company
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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2020 is set to be a transformative year for one of the world's highest grading rare earths projects
A look at the week's main events in the small-cap mining sector
The observations were made from the analysis of two holes from a total of 30 made during a 2018 drilling campaign
“We have been able to learn a lot about our project in the year, and are now adapting the way we operate."
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Rainbow's resource update is being prepared by consultants CSA Global
The mining firm said it will immediately begin an exploration programme on the claims, which cover around 12.6 sq km in the north of the country
Rainbow's Gakara project is one of the highest grading rare earths operations in the world
Operations will be supported by a new mining fleet and mechanical extraction
Adonis Pouroulis, Rainbow’s chairman, said he was delighted to have attracted a person of the calibre of Bennett.
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The Footsie finished down nearly six points at 7,603
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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
Investments and investor services
Footsie closed around 50 points higher at 7,609 on Wednesday
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A look back at some of the top news from London-listed junior miners