RAINBOW RARE EARTHS LTD

The board of Rainbow Rare Earths approved the issue of a total of 15,206,892 share-based awards, including 13,846,893 no-cost share options and 1,360,000 Restricted Share Units. CEO George Bennett received 3,946,434 awards and CFO Pete Gardner 2,290,458; parts of the options vest on 30 June 2027 or staggered over two to three years. The newly granted awards represent 2.2% of the existing issued share capital; in total 34,608,894 awards are now outstanding (4.9% of the share capital). » Más en de.investing.com

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

Rainbow Rare Earths is issuing 583,332 new ordinary shares to three directors following the vesting of the first tranche of Restricted Share Units under its long-term incentive plan. The shares will be allocated to Atul Bali, J Peter Pham, and Shawn McCormick, slightly increasing their ownership stakes. Admission of the new shares to trading on the London Stock Exchange is expected on July 9. » Más en de.investing.com