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Rainbow Rare Earths Plc

Martin Eales discusses his plans to drive profitability at Rainbow Rare Earths as EV explosion looms

A weak commodity market and a negatively-received production delay in October have pushed shares in Rainbow Rare Earths (LON:RBW) down to 4.8p, well below their 2018 high of nearly 24p, achieved in April. Despite this, the firm has taken major steps forward, steadily increasing production at its Gakara project in Africa and completing wide exploration work to support the release of a maiden JORC resource by year-end. With rare earths looking set to benefit from the inbound electric vehicle boom driving battery metals like nickel and cobalt, CEO Martin Eales explains why Rainbow’s current share price weakness could provide a good buying opportunity.

 

Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.