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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rainbow Rare Earths Limited | LSE:RBW | London | Ordinary Share | GG00BD59ZW98 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 2.48% | 10.35 | 10.20 | 10.50 | 10.35 | 10.10 | 10.10 | 458,387 | 09:00:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Chem,fertlizer Minrl Mng,nec | 0 | -11.98M | -0.0192 | -5.39 | 64.65M |
From Apr 2019 to Apr 2024
TIDMRBW
RNS Number : 9010F
Rainbow Rare Earths Limited
31 October 2018
FOR IMMEDIATE RELEASE
31 October 2018
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)
Result of Annual General Meeting ("AGM")
Rainbow announces that at the AGM of the Company held at the Company's registered office, Trafalgar Court, 2(nd) Floor East Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL on 31 October 2018 at 12.00pm, all resolutions proposed were duly passed.
For further information, please contact:
Hot Features
Premium
Rainbow Rare Earths Ltd Martin Eales Tel: +44 (0) 20 3910
4550
St Brides Partners Ltd Lottie Wadham Tel: +44 (0) 20 7236
Priit Piip 1177
---------------- ---------------------
Arden Partners plc Paul Shackleton Tel: +44 (0) 20 7614
Benjamin Cryer 5900
---------------- ---------------------
Notes to Editors:
Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only African producer.
The Company began production of rare earth concentrates in Q4 2017 and has a ten-year distribution and offtake agreement with multinational thyssenkrupp Materials Trading secured for the sale of at least 5,000tpa of concentrate produced.
The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RAGLLFFVISLLVIT
(END) Dow Jones Newswires
October 31, 2018 09:27 ET (13:27 GMT)
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