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Rainbow Rare Earths Plc

‘Rare-earth minerals could be bigger than coal’- Molale

Rare earth minerals are a group of 17 highly valued elements with applications including fuel cells, components of electric vehicles, magnets for hybrid cars and other technology. Coal, meanwhile, is estimated to be in the order of 200 billion tonnes in Botswana, with only one mine currently operational. Other players are at various stages of development across the country.

 

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.