Rainbow Rare Earths Limited Shareholder Call (4798A)
September 12 2018 - 1:01AM
UK Regulatory
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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