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Rainbow builds rare earths hype with £2.6M raise

Rainbow Rare Earths has capitalised on mounting fears around China’s control of the rare earths supply chain to raise £2.6 million to progress its projects in South Africa and Burundi.

Oonagh Reidy
Rainbow Rare Earths' high-grade Gakara project in Burundi, East Africa

Rainbow Rare Earths' high-grade Gakara project in Burundi, East Africa

The LSE-listed junior issued 42.7 million shares a 6p each, representing a 5% discount to the company's closing price of 6.3p on Wednesday's close. Rainbow said the placing with "significantly over-subscribed"....

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