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 Shares Traded Last Trade
  0.50 2.63% 19.50 1,058,741 12:46:13
Bid Price Offer Price High Price Low Price Open Price
19.00 20.00 19.50 18.50 19.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.42 -2.23 -0.58 93
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:15 O 75,000 19.50 GBX

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Rainbow Rare Earths Daily Update: Rainbow Rare Earths Limited is listed in the Mining sector of the London Stock Exchange with ticker RBW. The last closing price for Rainbow Rare Earths was 19p.
Rainbow Rare Earths Limited has a 4 week average price of 10.88p and a 12 week average price of 8.45p.
The 1 year high share price is 21.25p while the 1 year low share price is currently 1.45p.
There are currently 474,381,551 shares in issue and the average daily traded volume is 3,815,098 shares. The market capitalisation of Rainbow Rare Earths Limited is £92,504,402.45.
oapknob1: Shortages and price rises mean nothing to the share price Until this is RNS'd it's all puff" Over the next 12-18 months we plan to deliver the financing to execute our exploration strategy, upgrade our Exploration Target to JORC compliant resources, and complete a technical study on a modular development initially targeting 5,000 tonnes per annum of rare earth concentrate. "
32campomar: Well it's pretty clear from the share price reaction in the last hour that the seller has definitely cleared. Great news!
oapknob1: You need shares then? Want the price to drop?Last one was 5% discount to the closing share price.Previous Placing Price represents a 3.4% premium to the closing mid-market share price
odsjp: Great article below. hxxps:// Extract below During 2010 and into 2011, the price of obscure metals with strange names like terbium, dysprosium and europium went stratospheric, with some multiplying tenfold or more. That was a boon to producers outside of China (such as Australia based rare earth miner Lynas) that could capitalise on the surge in rare earth metal prices, and the belated realisation that perhaps we better diversify our sources of supply. The price of rare earth metals slumped for much of the past decade as supply from outside of China ramped up (including the restart of the Mountain Pass facility in the US), and manufacturers of electronic equipment sought to reduce or substitute their use of the obscure metals. The third quarter of 2015 marked the low point for many rare earth metal prices. The share price of Lynas Rare Earths bottomed out close to A$0.280 per share, down 99% since its peak in May 2011. From the graph Lynas peaked around A$26 in 2011 and then went down to A$0.28. It is now sitting at A$5.
napoleon 14th: Share prices fluctuate & we're having a general market pullback. Even if NdPr prices are rising, RBW is not yet a significant producer and the rise in share price is looking forward in anticipation, so "noise" is irrelevant.
robbiekeane: True, but PRE will have huge financial backing off the back of the BFS due later this month. This will enable them to create the world’s first fully sustainable magnet supply chain (from raw material to RE oxide). They are being compared to MP Materials not RBW. With the Saltend, Humber plant, they are going to be producing a Refined NdPr metal Oxide worth close to US$90,000/t, All current estimates are that the Mine and UK Processing plant will be operational in 2022. RBW mining and processing is labour intensive, plus they have to ship resource to China at huge cost. Don't get me wrong, I believe RBW is a pure REE play, it will do well and capitalise on increasing demand. However, comparing RBW with PRE is like comparing a corner shop with Tesco's.
devonlad: 3 November 2020 Rainbow Rare Earths Limited ("Rainbow" or the "Company") (LSE: RBW) Rare Earths Co-Development Project in South Africa - A total consideration of US$750,000, in a combination of cash and shares (priced based on the prevailing Rainbow share price on date of issue), shall be paid by Rainbow to Bosveld in three equal tranches over twelve months, with the first tranche being payable after completion of an initial due diligence process. The due diligence process is expected to last up to 35 days and a further announcement will be made on completion of the due diligence process. Should be news in the next couple of days. That is a massive stack, 35 million tonnes Gypsum Stacks, must be huge! Should be interesting. I am assuming the project will get the go ahead then there should be a lot of news flow, I think mr market is just waiting for the green light. If it does, the extra shares may be a short term overhang but it really doesn't look like the buyers are flipping them. My own opinion is that a lot of the trades today were retail.
maccamcd: Did you see Michael Walters has joined the fanclub? Expect explosive valuations from MW and John Mayer of share price Angle as the number$ involved become clearer! hxxp:// A Rare Opportunity Here we go again – another wildly speculative opportunity where the smart money has already made a killing, but where we might still be near the start of something remarkable. Hang on to your wallet, but toss a few quid this way in the hope that it could lead to something quite spectacular – or might just end in tears. It makes sense to tag that nasty warning on the end. You never know. But the odds of a small gamble in Rainbow Rare Earths (RBW) turning out rather well look remarkably good. So for those prepared to live just a little bit dangerously, pile in. This could be real fun. What follows is a grotesquely inadequate explanation of what is going on and where it might arrive. Sorry about that. This is one where you either lie down and let it pass, or leap aboard and hope you can grasp enough of the basics to ride along. The clue is there in the Rare Earths part of the name. Rare earths are really not so rare, but finding them in sufficiently large retrievable quantities is difficult. Once extracted and put to use, they crop up all over the place, which is what makes them so interesting right now. China has long had a firm grip on the market, producing and using a large proportion of world output, maybe over 90%. Locating sufficient rare earths readily and safely accessible to the western world has become a growing concern – hence a hefty and continuing rise in the price of rare earths. There are 17 chemical elements making up rare earths, with neodymium (Nd) and praseodymium (Pr) carrying the greatest element of value. They are vital elements in the manufacture of the permanent magnets which are used in turbines, motors, electric vehicles, and mobile phones, making them essential components almost everywhere in clean, green technology. Needless to say, demand is soaring and set to continue to soar at government and commercial level. There are relatively few companies producing rare earths, with two small players of interest on the UK market – Rainbow and Mkanga (MKA). Mkanga looks interesting at 12p with a market capitalisation of £16m, but this report concentrates on Rainbow. At 10.6p it is capitalised at £40m, and this year has traded between 1.45p and 11.2p. It has almost doubled in recent weeks, and on November 25 announced it was raising £2.56m with a share issue at 6p. Those new shares started trading today (Thursday), and profit-taking took about 0.5p off the price, suggesting an impressive new list of firm holders. That placing went to provide working capital, pay off some debts and to meet the initial $250,000 payment (of three) on a deal which will give Rainbow 70% (or thereabouts depending on results of a pre-feasibility study) of a joint venture with Bosveld Phosphates to develop jointly and process the Phalaborwa gypsum stacks in Limpopo province, South Africa. Phalaborwa could be a sensational winner if all goes well. This was a hard rock foskorite and pyroxenite deposit mined over about 50 years, leaving a by-product of about 35m tonnes of gypsum deposited in two stacks. Put simply, these contain concentrations of rare earths with about 210,000 tonnes of Total Rare Earth Oxides, of which NdPr (the valuable stuff) is about 30% of the basket. A pilot plant has produced about 3 tonnes of mixed rare earth carbonate at about 80% recoveries, which ought to be untroubled by low radioactive elements. It will leave clean gypsum which ought to be useful in the building and fertilizer industries. All of the forecasts assume that the NdPr element of rare earth is in a strong bull market. Figures from broker UBS suggest that after an average NdPr price of $41kg for the past nine years, there will be a supply deficit by 2023 and a price of $100kg by 2024. That looks very conservative by some estimates. It is possible to play about with the figures, and there can be no guarantees, but on those stated so far, it appears that Rainbow could have $2bn of NdPr at around current prices, capable perhaps of generating revenues of over $120m a year for well over a decade, plus revenues from other rare earths. House broker S P Angel reports Rainbow proposes treating some 2mtpa of gypsum for around 10,000tpa of mixed rare earth carbonate containing about 3,100t of NdPr equivalent metal oxide for around 17 years. With NdPr currently at over $65,560 tonne, that is staggering. Last week, ushering in the fundraising, Rainbow chief executive George Bennett suggested demand for permanent magnet rare earths was poised for significant growth. A pre-feasibility study is under way and should be ready soon. He thinks the company will be able quickly to define the route to commercial production from Phalaborwa. There is more, much more. Phalaborwa is a recent addition to Rainbow. It emerged on November 3. Prior to that, the company was focused on the Gakara project in Burundi. This is one of the world’s richest rare earth deposits, with high grades with Total Rare Earth Oxides in the range of 47% to 67% and an exploration target of 20,000 to 80,000 tonnes of vein material with upside potential as new veins are being uncovered. There is a high percentage of NdPr. It is considered a low risk, low cost operation with simple separation of the minerals from waste rock. There is a distribution agreement with thyssenkrupp Ra w Materials. The need for further capital spending of $3.2m to advance Gakara has been reported. That would move towards raising production and revenues at Gakara substantially. Some of the recent funding will go towards advancing Gakara where there is work on a new mine plan and a move towards a much larger process plant which would transform the scale and operating base. There is a useful but somewhat out of date presentation featuring Gakara from January this year at hxxps:// The Rainbow web site is out of date in places, but generally good at hxxps:// If you do try to check this one, go also to That marks the arrival of George Bennet t as chief executive officer in August 2019. His experience and enthusiasm are impressive, and he came long before Phalaborwa, but enthused about Gakara. Phalaborwa is a massive step forward for Rainbow, and one which does not yet appear to have been fully absorbed by the market, although the shares have almost doubled since. The full ramifications take a little working out, and the conclusions are potentially staggering. They are supported by the surge in interest in everything electric. The table in the January Rainbow presentation giving predictions about the rise in so many green sectors of business is remarkable, but will come as no surprise to anyone who reads the business pages. It is a revolution, but one where crucial elements – the rare earth elements – are in short supply and always under threat from China, the increasingly aggressive dominant producer and consumer. That makes the few rare earth producers in the west rather rare themselves. Rainbow Rare Earth has been living on the edge so far, short of funds and scarcely taken seriously by the City. That is easy to understand. But times are changing rapidly, and if Gakara looked an increasingly interesting gamble, the Phalaborwa acquisition brings a transformation. No profits for a while, but enormous potential and appeal to major Western businesses looking for a reliable rare earth source away from China. Some of the smart boys have spotted what is happening and helped inject life into the share price of late. But should there be a few short term profit takers allowing shares from the recent 6p funding to trickle into the market there might be an excellent buying opportunity in the morning (Friday). If not, never mind, Rainbow Rare Earths appears an outstanding gamble on the green revolution. Ends
odsjp: It should be no surprise to any investor that they needed money for the co-development as it was spelt out in the original RNS: "A total consideration of US$750,000, in a combination of cash and shares (priced based on the prevailing Rainbow share price on date of issue), shall be paid by Rainbow to Bosveld in three equal tranches over twelve months, with the first tranche being payable after completion of an initial due diligence process. The due diligence process is expected to last up to 35 days and a further announcement will be made on completion of the due diligence process." The economics of it, look like a no-brainer. From an earlier post of mine: "For every 2Mtpa of Gypsum we could derive 10,000tpa of rare earths of which 3,100 is NdPr and we can expect to get 80% of the rare earth price. So looking at overall revenue over the lifetime of the processing we have 17.5 * 3,100 * 50,000 * 0.8 - $2.1 billion dollars Per year that would be revenue of 3,100 * 50,000 * 0.8 = $124 million dollars That is not including what we would also get from the other rare earths (70%)" With the new shares issued and say a share price of 8p our market cap is still only £37M with Pensana at £146M. I think the Forbes article mentioned above gave a kick to all rare earth miners yesterday and if the estimate that NdPr prices will go up from $50K/tonne to $150K/tonne then these shares are only going one way.
74tom: A couple of months old but very relevant still, imagine what the news of an export ban would do to the RBW share price! Martin Eales, the CEO of Rainbow Rare Earths, believes Beijing could afford to take the plunge, however, because rare-earth exports make up a relatively small amount of China's export balance with the US. "I'm sure it is quite possible for China to do this as part of a wider series of actions linked to any trade war with the US," he told Business Insider. The US imported $160 million worth of rare-earth materials in 2018, according to the US Geological Survey. Eighty percent of such imports came from China from 2014 to 2017, the USGS noted, meaning that the US most likely imported about $128 million worth of rare earth from China last year. That would be just 0.024% of the $526 billion that the US imported from China in 2017, the most recent data available per World Bank statistics. "This is certainly a relatively insignificant sum to China in the context of overall trade," Eales said.
Rainbow Rare Earths share price data is direct from the London Stock Exchange
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