TIDMRBW

RNS Number : 9010F

Rainbow Rare Earths Limited

31 October 2018

FOR IMMEDIATE RELEASE

31 October 2018

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)

Result of Annual General Meeting ("AGM")

Rainbow announces that at the AGM of the Company held at the Company's registered office, Trafalgar Court, 2(nd) Floor East Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL on 31 October 2018 at 12.00pm, all resolutions proposed were duly passed.

For further information, please contact:

 
 Rainbow Rare Earths Ltd   Martin Eales      Tel: +44 (0) 20 3910 
                                              4550 
 St Brides Partners Ltd    Lottie Wadham     Tel: +44 (0) 20 7236 
                            Priit Piip        1177 
                          ----------------  --------------------- 
 Arden Partners plc        Paul Shackleton   Tel: +44 (0) 20 7614 
                            Benjamin Cryer    5900 
                          ----------------  ---------------------

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 and the only African producer.

The Company began production of rare earth concentrates in Q4 2017 and has a ten-year distribution and offtake agreement with multinational thyssenkrupp Materials Trading secured for the sale of at least 5,000tpa 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGLLFFVISLLVIT

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October 31, 2018 09:27 ET (13:27 GMT)

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