Rainbow Rare Earths Ltd - Guernsey-based mining company focused on South Africa and Burundi - Enters into a master agreement with OCP SA and Mohammed VI Polytechnic University. The partners will investigate and develop a technique for the extraction of rare earth elements from phosphogypsum. Further, they intend to work together on the development of a pilot and industrial-scale extraction of rare earth from phosphogypsum, Rainbow says.

‘We are delighted to enter this agreement with such innovative partners and believe their significant knowledge of phosphogypsum processing fits well with our own technical expertise in rare earths processing,’ Chief Executive George Bennett comments.

Current stock price: 11.40 pence, up 3.6% on Monday

12-month change: down 2.6%

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