AJ Bell ‘Live’ Investor Evening 13 September 2023

Rainbow Rare Earths Limited

08 August 2023

 

8 August 2023

Rainbow Rare Earths Limited

("Rainbow" or "the Company")

LSE: RBW

AJ Bell 'Live' Investor Evening - 13 September 2023

Rainbow Rare Earths is pleased to announce that it will be presenting via the Shares and AJ Bell 'LIVE' investor evening in London on 13 September 2023.

Rainbow 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. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects.

The Shares and AJ Bell Media investor evening event is an opportunity for senior board directors to make a presentation about their company and update existing and potential investors on their business plans.

Investors will have the chance to discover investment opportunities and get to know the companies better by asking questions 'live' in person after the presentation over drinks and buffet food.

Shareholders and potential investors can register to join us LIVE at the Novotel, Tower Hill for free via this link:

https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-live-event-130923

For those who cannot attend in person, a replay will be made available on the following link as soon as it is available after the event:

https://www.rainbowrareearths.com/news-media/media/

For further information, please contact:

Rainbow Rare Earths Ltd	Company	George Bennett	[phone]
		Pete Gardner
		Cathy Malins (IR)	[phone]
			[e-mail]
Berenberg	Broker	Matthew Armitt	[phone]
		Jennifer Lee
Tavistock Communications	PR/IR	Charles Vivian	[phone]
		Tara Vivian-Neal	[e-mail]

Notes to Editors:

About Rainbow:

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. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the magnet rare earth elements neodymium and praseodymium, dysprosium and terbium.

The Company is focused on the development of the Phalaborwa Rare Earths Project in South Africa and the earlier stage Uberaba Project in Brazil. Both projects entail the recovery of rare earths from phosphogypsum stacks that occur as the by-product of phosphoric acid production, with the original source rock for both deposits being a hardrock carbonatite. Rainbow will use a proprietary separation technique developed by and in conjunction with its partner K-Technologies, Inc., which simplifies the process of producing separated rare earth oxides (versus traditional solvent extraction), leading to cost benefits, as well as being more environmentally friendly.

The Phalaborwa Preliminary Economic Assessment has confirmed strong base line economics for the project, which has a base case NPV₁₀ of US$627 million[1], an average EBITDA operating margin of 75% and a payback period of < two years. Pilot plant operations commenced in 2023, with the project expected to reach commercial production in 2026, just five years after work began on the project by Rainbow.

More information on the company is available at www.rainbowrareearths.com.

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[1] Net present value using a 10% forward discount rate

 

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