PROACTIVE INVESTORS: Rainbow Rare Earths signs cooperation agreement to fund downstream definitive feasibility stud
8th August 2018
Proactive Investors
Rainbow Rare Earths Ltd (LON:RBW) has signed a cooperation agreement with TechMet Limited to fund a Definitive Feasibility Study (DFS) for downstream rare earth separation.
The rare earth metals miner said it would form a joint venture with TechMet to undertake the DFS, which would be fully funded by TechMe, following an initial scoping exercise on a reimbursable carry basis of up to US$3mln.