Rainbow Rare Earths Limited Publication of Annual Report and Notice of AGM (4786D)
October 10 2018 - 1:00AM
UK Regulatory
TIDMRBW
RNS Number : 4786D
Rainbow Rare Earths Limited
10 October 2018
FOR IMMEDIATE RELEASE
10 October 2018
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE:
RBW)
Publication of Annual Report for the year to 30 June 2018
and
Notice of Annual General Meeting
Rainbow Rare Earths Limited ("Rainbow" or the "Company"), the
rare earth mining company, announces that it has today published
its Annual Report and Accounts for the year ended 30 June 2018 on
the Company's website at www.rainbowrareearths.com.
The Annual Report and Accounts will also be mailed to those
shareholders who have elected to receive it in hard copy.
The Company also announces that the Annual General Meeting of
Shareholders ("AGM") will be held at 12pm on Wednesday 31 October
2018 at its registered office Trafalgar Court, 2nd Floor, East
Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL.
A Notice of Meeting for the AGM and related forms of proxy will
also be sent to shareholders today.
In compliance with LR9.6.1, a copy of the Notice of AGM will
shortly be available for inspection at the Financial Conduct
Authority's National Storage Mechanism website
http://www.morningstar.co.uk/uk/NSM and will also be available on
the Company's website at www.rainbowrareearths.com.
For further information, please contact:
Rainbow Rare Earths Ltd Martin Eales Tel: +44 (0) 20 3910
4550
Arden Partners plc Paul Shackleton Tel: +44 (0) 20 7614
Benjamin Cryer 5900
St Brides Partners Ltd Lottie Wadham Tel: +44 (0) 20 7236
Susie Geliher 1177
Notes to Editors:
Rainbow's focus is the Gakara Project in Burundi, one of the
highest-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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