Rainbow is listed on the main market of the London Stock Exchange and is focused on producing rare earth oxides required to drive the green energy transition. Rainbow’s projects include the Phalaborwa Project in South Africa and the high-grade Gakara Project in Burundi. Rainbow is also investigating other processing projects, such as the opportunity of extracting rare earth elements from a nitro phosphate process stream at a phosphoric acid production plant near Johannesburg in South Africa.

Through our processing projects, which have fundamentally different risk profiles to traditional rare earth mining projects, we see enormous potential to facilitate near-term access to sources of critical permanent magnet rare earths, required to decarbonise energy systems in an environmentally responsible way.

Phalaborwa comprises a resource estimate of 30.7Mt at 0.43% TREO contained within unconsolidated gypsum stacks derived from historic phosphate hard rock mining. High value NdPr oxide represents 29.1% of the total contained rare earth oxides, with economic dysprosium and terbium oxide credits enhancing the overall value of the rare earth basket in the stacks.