Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) CEO George Bennett joined Steve Darling from Proactive to discuss the company’s latest milestones, including a $50 million investment from the U.S. International Development Finance Corporation (DFC). This funding reinforces Rainbow’s strategic position as a leading rare earth producer, extracting critical minerals from phosphor gypsum waste in South Africa.
Bennett highlighted the growing demand for rare earth elements, essential for electric vehicles, wind turbines, robotics, and drones. With China dominating rare earth processing and rising geopolitical tensions, he stressed the urgent need for an independent supply chain to support North America, Europe, and key Asian markets.
Rainbow is advancing its operations with the relocation of its pilot separation work to Johannesburg, where the company is refining its leaching process to achieve high-purity production. The definitive feasibility study remains on track for completion by the end of 2025, further strengthening Rainbow’s market position.
Bennett emphasized that Rainbow’s planned production of 2,000 tons of high-value rare earth oxides will be a major step toward diversifying the global supply chain, reducing dependence on Chinese processing, and ensuring a sustainable, high-margin alternative for critical mineral resources.
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