LONDON: Rainbow Rare Earths, a company that produces rare earth elements from waste materials, has secured a US$50 million investment from TechMet, a US-backed fund that focuses on critical minerals. The investment will give TechMet a direct stake in Rainbow’s Phalaborwa project in South Africa, which aims to produce four key rare earths for the…
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Rainbow Rare Earths enters into strategic supply agreement with UK-based Less Common Metals
LONDON, UK: Rainbow Rare Earths has entered into a strategic supply agreement with Less Common Metals Ltd (LCM) to be a supplier of the magnet separated rare earth oxides neodymium and praseodymium (NdPr), dysprosium (Dy) and terbium (Tb). These are the most economically important rare earth elements as they are used to make the permanent…
Rainbow Rare Earths to co-develop Phalaborwa Rare Earths Project in South Africa
LONDON: Rainbow Rare Earths announced the signing of a binding Agreement for Co-Development of the Phalaborwa Rare Earths Project, located in South Africa, with Bosveld Phosphates (Pty) Ltd. The Project comprises approximately 35 million tonnes of gypsum resulting from historic phosphate hard rock mining, containing rare earth elements (REE) with an estimated average in situ…