Rainbow Rare Earths Advances Cost Optimization for Phalaborwa Project

An update from Rainbow Rare Earths ( (GB:RBW) ) is now available.

Rainbow Rare Earths has announced progress in its laboratory test work and trade-off studies aimed at optimizing costs for the Phalaborwa project in South Africa. The company’s in-house laboratory in Johannesburg, equipped with state-of-the-art technology, has been operational for three months, allowing for faster and more cost-effective testing. The focus is on optimizing the leaching circuit, maximizing rare earth recovery, and defining the purification path, which could enhance the project’s economic resilience and position Phalaborwa as a strategic source of magnet rare earths. This development is significant as it could reduce costs and improve the supply of rare earth elements, which are in high demand globally.

The most recent analyst rating on (GB:RBW) stock is a Buy with a £0.40 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, which are crucial for the green energy transition. The company is pioneering the commercial recovery of rare earth elements from phosphogypsum, a by-product of phosphoric acid production, allowing for faster and lower-cost production compared to traditional mining. Rainbow is developing the Phalaborwa Project in South Africa and the Uberaba Project in Brazil, focusing on critical rare earths used in high-performance magnets for electric vehicles, wind turbines, and other advanced technologies.

Average Trading Volume: 527,800

Technical Sentiment Signal: Buy

Current Market Cap: £74.02M

See more insights into RBW stock on TipRanks’ Stock Analysis page.