Rainbow Rare Earths (GB:RBW) has released an update.
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Rainbow Rare Earths Ltd announced a 15% increase in mineral resources at Phalaborwa, with critical elements essential for green technology now valued at approximately $3.7 billion. The updated JORC-compliant Mineral Resource Estimate extends the project’s life by two years and includes a full range of recoverable rare earth elements. Due to its low levels of radioactive elements, the project highlights its green credentials by rehabilitating an industrial site and utilizing a waste by-product.
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