Board Changes

Rainbow Rare Earths Limited

08 October 2026

 

8 October 2026

Rainbow Rare Earths Limited

(“Rainbow” or “the Company”)

LSE: RBW

Board Changes

Rainbow Rare Earths (LSE:RBW) is pleased to announce  the appointment of Mrs Ashleigh Woolf to the Board as Non Executive Director with immediate effect following the resignation of Mr Darryll Castle, Non Executive Director.

Ashleigh is Chief Legal Officer for TechMet Ltd., a strategic shareholder with the right to nominate one Director to the Rainbow Board for so long as it holds at least 10% of the issued shares in the Company, and replaces Mr Castle, their previously nominated Board Member.

Adonis Pouroulis, Non Executive Chairman of Rainbow, commented: "We are delighted to welcome Ashleigh to the Board as we continue to advance our two world-class rare earth projects at Phalaborwa in South Africa and Uberaba in Brazil. We would like to extend our thanks to Darryll for his support and hard work over the years and wish him well in the future.”

Ashleigh Woolf is a dual-qualified Solicitor (United Kingdom and South Africa) with over 15 years of multi-jurisdictional experience in M&A, private equity, general corporate law and compliance. Previously she was Chief Legal Officer, Data Protection Officer and Member of the Executive Management Committee at Lonrho Holdings Limited with responsibility for the management of the UK HQ and all legal and compliance matters across the Lonrho group. She has held various board seats on associated subsidiaries of Lonrho across 16 jurisdictions.  Prior to this she was Legal Counsel at PruProtect (a subsidiary of Prudential and later, Discovery) and held a senior legal position as Associate Director at Salamanca, a financially regulated international private equity and risk management group.

There are no disclosures to be made in accordance with UKLR 6.4.8R

For further information, please contact:

Rainbow Rare Earths Ltd	Company	George Bennett Pete Gardner	[phone]
	IR	Elizabeth Johnson	[phone] [e-mail]
Tavistock Communications	PR/IR	Charles Vivian Eliza Logan	[phone] [e-mail]
BMO Capital Markets	Broker	Thomas Rider John Gale	[phone]
Berenberg	Broker	Matthew Armitt Jennifer Lee	[phone]

About Rainbow:

Rainbow Rare Earths aims to be one of the lowest cost suppliers of critical rare earth raw materials in the western world supply chain. Advancing two core projects, Phalaborwa in South Africa and Uberaba in Brazil in partnership with The Mosaic Company, Rainbow is one of the most advanced market participants pursuing secure, near-term and globally competitive upstream supply of rare earths products crucial for industrial, energy transition, and defence applications. 

With a unique project portfolio focused on the recovery of rare earth elements from phosphogypsum, a by-product of fertiliser production, Rainbow’s projects avoid traditional mining and front-end processing stages. This represents a significant competitive advantage in bringing sustainable, long-life and low-cost supply of rare earths to market.

More information is available at www.rainbowrareearths.com or by visiting the Rainbow Rare Earths Curation Showcase at: https://ai.curationcorp.com/showcase/Rainbow-Rare-Earths-90903

 

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