Rainbow Rare Earths Joins REIA to Advance Sustainable REE Supply Chain

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

Rainbow Rare Earths has joined the Rare Earth Industry Association (REIA) to further its goal of commercializing the recovery of critical rare earth elements from phosphogypsum. This move is expected to enhance Rainbow’s industry positioning by contributing to a transparent and sustainable rare earth elements (REE) industry. The company’s Phalaborwa project in South Africa is recognized by the U.S. Government as a strategic source of magnet rare earths, with significant funding proposed from the U.S. International Development Finance Corporation. This development is poised to strengthen Rainbow’s role in creating a resilient supply chain for rare earths, vital for defense and green energy technologies.

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 quicker and lower-cost production compared to traditional mining. Rainbow is primarily focused on the development of the Phalaborwa Project in South Africa and the Uberaba Project in Brazil, aiming to deliver separated rare earth oxides for use in high-performance permanent magnets.

Average Trading Volume: 550,174

Technical Sentiment Signal: Buy

Current Market Cap: £74.02M

Find detailed analytics on RBW stock on TipRanks’ Stock Analysis page.