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Rainbow to raise US$7.75M over two years

Rainbow Rare Earths (LSE:RBW) has borrowed US$750,000 as it keeps expanding the Gakara project in Burundi and its finance partner has agreed to buy up to $7 million in shares over the next two years.

Rainbow to raise US$7.75M over two years Rainbow to raise US$7.75M over two years Rainbow to raise US$7.75M over two years Rainbow to raise US$7.75M over two years Rainbow to raise US$7.75M over two years

Rainbow is carving out a hill in Burundi for rare earths

Rainbow has been in production since late 2017, but said the extra cash from The Lind Partners was needed to keep the ramp-up going.