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Rainbow Rare Earths ( (GB:RBW) ) has provided an announcement.
Rainbow Rare Earths has announced the adoption of solvent extraction (SX) as the optimal method for rare earth element separation at its Phalaborwa project in South Africa. This decision, confirmed by ANSTO’s pre-feasibility report, de-risks the project by ensuring the production of high-purity rare earth oxides and allows for the finalization of the project flowsheet. The implementation of SX is expected to maintain the project’s low-capital intensity and keep it on track for construction in 2027 and production in 2028. Additionally, the company corrected its annual production figures for its SEG+ product, revealing a potential revenue of approximately $160 million per annum.
The most recent analyst rating on (GB:RBW) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Rainbow Rare Earths stock, see the GB:RBW Stock Forecast page.
Spark’s Take on GB:RBW Stock
According to Spark, TipRanks’ AI Analyst, GB:RBW is a Neutral.
Rainbow Rare Earths’ stock score is weighed down by its financial performance, with ongoing losses and no revenue generation presenting substantial risks. However, strong technical indicators suggest bullish momentum, potentially driven by strategic projects like Phalaborwa. The valuation remains challenging due to negative earnings, but the stock’s momentum and future projects provide some optimism.
To see Spark’s full report on GB:RBW stock, click here.
More about Rainbow Rare Earths
Rainbow Rare Earths is a company focused on establishing an independent and ethical supply chain for rare earth elements, crucial for the green energy transition. It pioneers the commercial recovery of these elements from phosphogypsum, a by-product of phosphoric acid production, thereby eliminating the typical costs and risks associated with traditional rare earth projects.
Average Trading Volume: 1,858,605
Technical Sentiment Signal: Strong Buy
Current Market Cap: £122.4M
See more data about RBW stock on TipRanks’ Stock Analysis page.