Rainbow Rare Earths and Mosaic Initiate Economic Assessment for Uberaba Project

Rainbow Rare Earths ( (GB:RBW) ) just unveiled an update.

Rainbow Rare Earths, in collaboration with The Mosaic Company, has commenced an Economic Assessment for the recovery of rare earths from the Uberaba Project in Brazil. This project, which is significantly larger than Rainbow’s flagship Phalaborwa Project, aims to process 4.3 million tonnes of phosphogypsum annually to extract valuable rare earth elements. The assessment will help both companies understand the economics of the project and potentially replace their current non-binding agreement with a formal partnership. The Uberaba project represents a long-term economic opportunity due to its scale and the nature of the phosphate deposit, aligning with Rainbow’s strategy to provide a low-cost source of critical rare earths for the green energy transition.

The most recent analyst rating on (GB:RBW) stock is a Buy with a £40.00 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, which are crucial for the green energy transition. The company pioneers the recovery of rare earth elements from phosphogypsum, a by-product of phosphoric acid production, allowing for quicker and lower-cost production compared to traditional mining. Rainbow is developing projects in South Africa and Brazil, focusing on critical components used in electric vehicles, wind turbines, and other advanced technologies.

Average Trading Volume: 457,329

Technical Sentiment Signal: Hold

Current Market Cap: £70.81M

For an in-depth examination of RBW stock, go to TipRanks’ Overview page.