Business
RBW's partner K-Tech presents at Congress hearing
RBW's partner K-Tech presents at Congress hearing.
About this update from Rainbow Rare Earths Ltd.
[{"type":"text","content":"\n\n\n1 December 2023\nRainbow Rare Earths Limited\n(\"Rainbow\" or \"the Company\")\nLSE: RBW\n \nRainbow's partner K-Technologies, Inc. invited to present at a U.S. Congressional Hearing on:\n \nThe Role of Federal Research in Establishing\na Robust U.S. Supply Chain of Critical Minerals and Materials\n \n· K-Technologies, Inc.'s (\"K-Tech\") innovative technology can play a part in the development of an independent Western supply of the rare earths vital for decarbonisation, via their use in electric vehicles and wind turbines, and many advanced and strategic technologies\n· Rainbow has worked alongside K-Tech to jointly develop a unique process that offers the potential to recover critical rare earths from phosphogypsum, as is being applied at the Phalaborwa project in South Africa\n· K-Tech is a homegrown U.S. company based in Florida with extensive expertise in the development of specialist chemical processing applications\nNEWS RELEASE\nRainbow Rare Earths is pleased to announce that Mr. Thomas E. Baroody, the President and CEO of its technical partner K-Tech, was invited to provide a written and oral testimony at a U.S. Congressional Hearing on \"The Role of Federal Research in Establishing a Robust U.S. Supply Chain of Critical Minerals and Materials\" on Thursday 30 November 2023. K-Tech specialises in developing and bringing-to-market chemical and processing applications to extract desirable, commercial grade elements and other materials. \nThe U.S. has identified the development of an independent supply chain as of strategic importance, both via the securement of reliable and ethical supply of rare earth elements, as well as via the development of a U.S. down-stream supply-chain including specialist alloy, rare earth permanent magnets, drive trains, and ultimately electric vehicle and wind turbine manufacture. K-Tech's inclusion in the U.S. Congressional Hearing demonstrates the role that its technology can play in furthering these aims.\nRainbow has worked alongside K-Tech to jointly develop a unique process flowsheet to recover economic quantities of rare earths from phosphogypsum material, thereby opening up the opportunity to develop an independent Western supply of the rare earths critical to decarbonisation and other strategic areas of na...