Rainbow Rare Earths (GB:RBW) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.