Rainbow Rare Earths (GB:RBW) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into GB:RBW stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue