Business
Appointment of Joint Corporate Broker
Appointment of Joint Corporate Broker.
About this update from Rainbow Rare Earths Ltd.
[{"type":"text","content":"\n \nRNS Number : 3677S Rainbow Rare Earths Limited 02 October 2017 \n\nFOR IMMEDIATE RELEASE\n2 October 2017\n \nRainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)\nAppointment of Joint Corporate Broker\n \nRainbow, the rare earth element mining company, is pleased to announce the immediate appointment of Arden Partners as joint corporate broker to the Company, acting alongside Hannam & Partners.\n \nFor further information, please contact:\n \n\n\n\n\nRainbow Rare Earths Ltd\n\n\nMartin Eales \n\n\nTel: +44 (0) 20 3910 4550\n\n\n\n\nSt Brides Partners Ltd\n\n\nLottie Brocklehurst\nSusie Geliher\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nArden Partners plc\n\n\nWilliam Vandyk\nBenjamin Cryer\n\n\nTel: +44 (0) 20 7614 5900\n\n\n\n\nHannam & Partners (Advisory) LLP\n\n\nNeil Passmore\nBen Newman-Sanders\n\n\nTel: +44 (0) 20 7907 8500\n\n\n\n\n \n \nNotes to Editors:\n \nRainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally. The Company has raised US$8 million to fast-track the fully permitted Gakara Project to production ahead of targeted first sales of concentrate by the end of 2017. Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkrupp Raw Materials secured for the sale of at least 5,000 tpa 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.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END APPGLBDGDXGBGRD\n ","length":3803,"tagName":"div"}]