Rainbow Rare Earths CEO says addition of yttrium boosts Phalaborwa's economic value

Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) CEO George Bennett talked with Proactive's Stephen Gunnion about the latest resource update at its Phalaborwa project, which now includes yttrium — a rare earth element recently added to China’s export control list. Bennett noted that yttrium, alongside samarium and gadolinium, is considered a critical mineral by the US government due to its importance in defence and strategic technologies. The inclusion of yttrium in the Phalaborwa model enhances the value proposition of the project, with Bennett stating: “We’re getting very, very good payability levels quoted to us, higher than what we originally had in our feasibility study.” This update not only improves the financial projections for Phalaborwa but also supports Rainbow’s broader strategy of supplying medium and heavy rare earths outside of China. Bennett shared that there is “heightened interest in offtake for the SEG+ group”, coming from global OEMs and strategic partners in regions including South Korea, Japan, North America, and Europe. With similar SEG+ profiles expected from its Brazilian project at Uberaba, Rainbow positions itself as a potentially significant contributor to secure global rare earth supply chains. Watch the full interview to hear more about the evolving market dynamics and Rainbow’s strategic positioning. For more interviews like this, visit Proactive’s YouTube channel — don’t forget to like, subscribe, and turn on notifications for the latest updates. #RareEarths #Yttrium #CriticalMinerals #RainbowRareEarths #PhalaborwaProject #GeorgeBennett #ChinaExportControls #StrategicMetals #MiningInvestment #SupplyChainSecurity