Rainbow Rare Earths (GB:RBW) has released an update.
Rainbow Rare Earths Limited reports promising results from its pilot plant operations, indicating that its Phalaborwa project in South Africa could become one of the world’s lowest cost rare earth producers. The company achieved over 95% purity in Nd/Pr separation, and significant process optimizations during the pilot phase suggest potential capital and operating cost reductions. An interim report scheduled for H2 2024 is expected to showcase the project’s economic resilience and pave the way for project financing.
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