Rainbow Rare Earths (GB:RBW) has released an update.
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Rainbow Rare Earths Limited has reported significant progress at its Phalaborwa project in South Africa, successfully piloting a simplified process to recover rare earth elements from phosphogypsum. The company has produced saleable rare earth elements, including neodymium and praseodymium with 96% purity, and is optimizing the process to achieve over 99% purity. Despite a potential delay in its Definitive Feasibility Study, Rainbow Rare Earths has initiated offtake discussions and is exploring strategic partnerships to support the development of a sustainable and independent supply chain for critical magnet rare earth elements.
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