Business
Appointment of Stifel as Joint Broker
Appointment of Stifel as Joint Broker.
About this update from Rainbow Rare Earths Ltd.
[{"type":"text","content":"\n\n \n \n\n16 January 2024\nRainbow Rare Earths Limited\n(\"Rainbow\" or \"the Company\")\nLSE: RBW\n \nAppointment of Stifel as Joint Broker\n \nRainbow Rare Earths is pleased to announce the appointment of Stifel Nicolaus Europe Limited (\"Stifel\") as joint broker to the Company with immediate effect. Stifel will work alongside Rainbow's incumbent broker, Berenberg, Gossler & Co KG (\"Berenberg\"), to further broaden the Company's share register and investor access globally as it progresses the Phalaborwa rare earths development project in South Africa and the earlier stage Uberaba project in Brazil.\nGeorge Bennett, CEO of Rainbow, commented: \"The appointment of Stifel is a positive step forward in the development of Rainbow, the Phalaborwa project and our project pipeline. Stifel has deep industry experience within the natural resources space, as well as global operations. Their franchise within North America will be particularly relevant to Rainbow as we continue to grow our presence in the region, further to the U.S. Government's backing of the Phalaborwa project via the investment commitment from the U.S. International Development Finance Corporation (DFC) and TechMet Limited, as announced at COP28 in Dubai last month.\"\n \nFor further information, please contact:\n \n \n\n\n\n\nRainbow Rare Earths Ltd\n\n\nCompany\n\n\nGeorge Bennett\nPete Gardner\n\n\n+27 82 652 8526\n \n\n\n\n\n \n\n\nIR\n\n\nCathy Malins\n\n\n+44 7876 796 629\[email protected]\n\n\n\n\nBerenberg\n\n\nBroker\n\n\nMatthew Armitt\nJennifer Lee\n \n\n\n+44 (0) 20 3207 7800\n\n\n\n\nStifel\n \n\n\nBroker\n\n\nAshton Clanfield\nVarun Talwar \n \n\n\n+44 20 7710 7600\n\n\n\n\nTavistock Communications\n\n\nPR/IR\n\n\nCharles Vivian\nTara Vivian-Neal\n\n\n+44 (0) 20 7920 3150\[email protected]\n\n\n\n\n \n \nNotes to Editors:\nAbout Rainbow:\nRainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a...