Business
Results of Annual General Meeting
Rainbow Rare Earths Limited announced that all resolutions were duly passed at its Annual General Meeting held on November 11, 2024. The company is focused on developing the Phalaborwa Project in South Africa and the Uberaba Project in Brazil, aiming to establish an independent and ethical supply chain for rare earth elements critical to the green energy transition. An updated interim economic study for the Phalaborwa project confirmed strong economics with a base case NPV10 of US$611 million, positioning it as a high-margin rare earth project outside of China. Disclaimer*
About this update from Rainbow Rare Earths Ltd.
[{"type":"text","content":"\n\n\n12 November 2025\nRainbow Rare Earths Limited\n(\"Rainbow\" or \"the Company\")\nLSE: RBW\n \nResults of Annual General Meeting (\"AGM\")\nRainbow announces that at the AGM of the Company held at the Company's registered office, Connaught House, St Julian's Avenue, St Peter Port, Guernsey GY1 1GZ on 11 November 2024 at 2.00pm, all resolutions proposed were duly passed.\n \nFor further information, please contact:\n \n\n\n\n\nRainbow Rare Earths Ltd\n\n\nCompany\n\n\nGeorge Bennett\nPete Gardner\n\n\n+27 (0) 82 652 8526\n \n\n\n\n\n \n\n\nIR\n\n\nCathy Malins\n\n\n+44 (0) 7876 796 629\[email protected]\n\n\n\n\nTavistock Communications\n\n\nPR/IR\n\n\nCharles Vivian\nEliza Logan\n\n\n+44 (0) 20 7920 3150\[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 (0) 20 7710 7600\n\n\n\n\n \n \nNotes to Editors:\n \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 pioneering the first commercial recovery of rare earth elements from phosphogypsum that occurs as the by-product of phosphoric acid production. These projects eliminate the cost and risk of typical rare earth projects, which involve mining and the production of a rare earth concentrate that must be chemically cracked to form a mixed rare earth carbonate before further downstream processing. As such, Rainbow's projects can be brought into production quicker and at a lower cost than traditional hard rock mining projects.\nThe Company is focused on the development of the Phalaborwa Project in South Africa and the earlier stage Uberaba Project in Brazil. Rainbow's process will deliver separated rare earth oxides through a single hydrometallurgical plant on site, with a focus on the recovery of neodymium, praseodymium, dysprosium and terbium. These are critical components of the high-performance permanent magnets used in electric vehicles, wind turbines, defence and exciting new markets such as robotics and advanced air mobility.\nThe Phalaborwa upda...