RAINBOW RARE EARTHS LTD

Rainbow Rare Earths has issued 2,683,334 ordinary shares following the exercise of options, warrants and the restricted share unit programme. 2,000,000 shares were issued to Pipestone Capital at £0.0455 per share; CEO George Bennett has an economic interest in Pipestone (value: £91,000). Non-executive directors received a total of 583,334 shares without consideration, and 100,000 shares were issued to employees. Upon admission of the new shares, expected to trade around 12 August 2026, the total issued ordinary share capital will increase to 702,375,589 and directors’ shareholdings will change accordingly (e.g. Bennett 6.07%). » Más en de.investing.com

Rainbow Rare Earths has selected solvent extraction as the separation process for the Phalaborwa rare earth project. The process is expected to produce NdPr oxide and SEG+ materials with >99.5% purity and enables finalization of the flowsheet and completion of the definitive feasibility study. Ecora Resources holds a 0.85% royalty on the project’s gross revenues, which is part of Ecora’s strategic shift away from coal toward critical minerals. » Más en de.investing.com

Rainbow Rare Earths announced that adding yttrium to the SEG+ rare-earth mixed product from the Phalaborwa project could potentially increase estimated EBITDA by over $30 million. Ecora Resources, holder of a 0.85% gross revenue royalty on the project, reported the expected revenue uplift. Phalaborwa processes historic gypsum dumps in South Africa and is one of the few rare-earth producers outside China, while demand for rare earths for high-tech and energy applications is expected to rise. » Más en de.investing.com