Rainbow Rare Earths Limited Publication of 2017 Annual Report & Notice of AGM (0055U)
19 October 2017 - 5:00PM
UK Regulatory
TIDMRBW
RNS Number : 0055U
Rainbow Rare Earths Limited
19 October 2017
FOR IMMEDIATE RELEASE
19 October 2017
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE:
RBW)
Publication of Annual Report for the year to 30 June 2017
and
Notice of Annual General Meeting
Rainbow Rare Earths Limited ("Rainbow" or the "Company"), the
rare earth element mining company operating in East Africa,
announces that it has today published its Annual Report and
Accounts for the year ended 30 June 2017 on the Company's website
at www.rainbowrareearths.com in the Corporate Documents
section.
The Annual Report and Accounts will also be mailed to those
shareholders who have elected to receive it in hard copy.
The Company also announces that the Annual General Meeting of
Shareholders ("AGM") will be held at 12pm on Tuesday 14 November
2017 at its registered office Trafalgar Court, 2nd Floor, East
Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL.
A Notice of Meeting for the AGM and related forms of proxy will
also be sent to shareholders today.
In compliance with LR9.6.1, a copy of the Notice of AGM will
shortly be available for inspection at the Financial Conduct
Authority's National Storage Mechanism website
http://www.hemscott.com/nsm.do and will also be available on the
Company's website at www.rainbowrareearths.com.
For further information, please contact:
Rainbow Rare Earths Martin Eales Tel: +44 (0)
Ltd 20 3910 4550
St Brides Partners Lottie Wadham Tel: +44 (0)
Ltd Susie Geliher 20 7236 1177
Arden Partners plc William Vandyk Tel: +44 (0)
Benjamin Cryer 20 7614 5900
Hannam & Partners Neil Passmore Tel: +44 (0)
(Advisory) LLP Ben Newman-Sanders 20 7907 8500
Notes to Editors:
Rainbow'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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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