(Alliance News) - Rainbow Rare Earths Ltd on Wednesday said it signed a letter of intent with Nexus Intertrade Pty Ltd under which Nexus will buy gypsum by-product from the Rainbow's Phalaborwa project in South Africa. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Rainbow Rare Earths Ltd on Monday said it entered into a strategic supply agreement with Less Common Metals Ltd, which manufactures and supplies complex allow systems and metals. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Rainbow Rare Earths Ltd on Tuesday said that the front end of the Phalaborwa pilot plant in South Africa has successfully produced its first batch of mixed rare earth sulphate. Read More
Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Signs a memorandum of understanding with The Mosaic Company for the extraction of rare earth elements from Mosaic's phosphogypsum stack in the Uberaba area of Minas Gerais in Brazil. Says it will develop a process flow sheet and conduct a preliminary economic assessment alongside Mosaic related to the aforementioned extraction. Mosaic is a Bristol, England-based producer of concentrated phosphate and potash. Read More
(Alliance News) - Rainbow Rare Earths Ltd on Wednesday said it signed a deal with Bosveld Phosphates Ltd permitting the 100% ownership of the Phalaborwa project in South Africa. Read More
Rainbow Rare Earths Ltd - South Africa and east Africa-focused producer of rare earth oxides - Signs a deal with Bosveld Phosphates Ltd, permitting 100% ownership of the Phalaborwa Project in South Africa. Rainbow says it will get an immediate 85% interest in the unincorporated joint venture that holds the rights to Phalaborwa, with Bosveld holding the remaining 15%. Says it will pay Bosveld USD5.0 million in cash in July under the terms of the deal. Additionally, Rainbow says under the deal, it is being granted a call option to buy the remaining 15% of the JV owned by Bosveld, in return for USD7.0 million of equity in Rainbow. This could happen at any time from October 31 to December 31, 2025. Says shares issued according to the call option will be subject to a 24-month lock-up. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
Rainbow Rare Earths Ltd - South Africa and east Africa-focused producer of rare earth oxides - Says the front end of the pilot plant for its Phalaborwa project in South Africa has started operations. Adds it is on-track to produce the first high-value mixed rare earth sulphate in the third quarter of the year. The back end of the pilot plant is "well advanced" in terms of its construction, RRE says, with commissioning due in the third quarter of 2023. Says it is exploring the option to permanently establish its back-end process in the US. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Rainbow Rare Earths Ltd on Monday said that development work is progressing according to plan at its pilot plant in South Africa, as it looks to start operations later this year. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon: Read More
(Alliance News) - Stocks in London were called to open flat on what looks set to be a quiet Thursday, as investors digest a signal that the pace of US interest rate hikes may slow. Read More
Rainbow Rare Earths Ltd - Guernsey-based mining company focused on South Africa and Burundi - In the financial year that ended June 30, records no revenue, compared to USD639,000 the year before. Pretax loss widens to USD4.0 million from USD2.7 million. Finishes the year with USD4.1 million in cash, compared to USD573,000 a year before, and has USD2.9 million as at September 30. Expects total cash outflow of USD4.7 million in the period to December 31, 2023. This will necessitate fundraising, Rainbow explains. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More