RAINBOW RARE EARTHS PRESS RELEASE:
8 November 2023 –
TechMet option to invest US$50m in Phalaborwa
Critical metals champion TechMet Limited (“TechMet”) granted option to invest US$50 million to take direct stake in the Phalaborwa project in South Africa.
Rainbow Rare Earths is pleased to announce that it has entered into an option agreement with TechMet (the “TechMet Option”), whereby TechMet has the right to invest US$50 million to fund a substantial part of the equity component required for the project financing for Rainbow’s Phalaborwa project in South Africa.
View the PDF press release to read more.