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RBW Rainbow Rare Earths Limited

10.125
-0.125 (-1.22%)
Last Updated: 09:10:55
Delayed by 15 minutes
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
  -0.125 -1.22% 10.125 10.00 10.25 10.25 10.125 10.25 158,824 09:10:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chem,fertlizer Minrl Mng,nec 0 -11.98M -0.0192 -5.34 64.03M

Rainbow Rare Earths Limited Shareholder Call (4798A)

12/09/2018 7:01am

UK Regulatory


Rainbow Rare Earths (LSE:RBW)
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From Mar 2019 to Mar 2024

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TIDMRBW

RNS Number : 4798A

Rainbow Rare Earths Limited

12 September 2018

FOR IMMEDIATE RELEASE

12 September 2018

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)

Shareholder and Analyst Call

Rainbow, the Rare Earth Element ('REE') mining company, is pleased to announce that it will host a shareholder and analyst conference call at 11.30am UK time on Wednesday 19 September 2018 following the release of its final results for the year ended 30 June 2018. The call will be hosted by Chief Executive Officer Martin Eales who will be available to answer questions submitted by shareholders during and ahead of the call.

To participate in this conference call, please dial 0808 109 0701, (if you are calling from outside of the UK, please dial +44 (0) 20 3003 2701) and enter participant code 6576380# when prompted to do so. Please note that all lines will be muted with the exception of Rainbow's management, however the Company invites shareholders to submit questions to its public relations adviser, St Brides Partners Ltd, ahead of the call via email. Questions should be sent to shareholderenquiries@stbridespartners.co.uk. Additionally, to send questions through the online chat function that will run concurrently with the call, please use the link below and log in as a participant; the password is: Rainbow

https://sbmf.webex.com/sbmf/onstage/g.php?MTID=e04ec898bd1661cbfb476fa74121c38

On the right-hand side of the screen you will find an option to submit questions during the call. The Q&A function will only be made live once the call has commenced. The management team will strive to answer as many questions as possible during the call. The Company plans to make a recording of the call available on the Company's website.

If you have any problems accessing the call, please contact St Brides Partners Ltd on shareholderenquiries@stbridespartners.co.uk or call +44 (0) 20 7236 1177.

**ENDS**

For further information, please contact:

 
 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 in situ vein 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 is currently ramping up to a targeted run rate of 5,000tpa by the end of 2018 and 6,000tpa by the end of 2019. Rainbow 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

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(END) Dow Jones Newswires

September 12, 2018 02:01 ET (06:01 GMT)

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