
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF, FRA:RR1) CEO George Bennett talked with Proactive's Stephen Gunnion about the company’s £11.1 million fundraising and the strategic significance of bringing Traxys on board as a partner linked to the US government’s Project Vault initiative. Bennett explained how this development positions Rainbow as “a major player in the rare earths market” outside China, highlighting the company’s focus on extracting rare earth elements from phosphogypsum waste residues rather than traditional mining. This approach underpins two key assets: the Phalaborwa Project in South Africa and the Uberaba Project in Brazil. He outlined that the newly secured funding provides a strong financial runway, enabling Rainbow to complete a definitive feasibility study at Phalaborwa by the end of 2026, alongside a pre-feasibility study at Uberaba in partnership with Mosaic. These milestones are expected to be critical value drivers for shareholders. Bennett also empha...