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Rainbow Rare Earths Ltd - South Africa and east Africa-focused rare earth oxide producer - Signs a memorandum of understanding with The Mosaic Company for the extraction of rare earth elements from Mosaic’s phosphogypsum stack in the Uberaba area of Minas Gerais in Brazil. Says it will develop a process flow sheet and conduct a preliminary economic assessment alongside Mosaic related to the aforementioned extraction. Mosaic is a Bristol, England-based producer of concentrated phosphate and potash. Current stock price: 14.38 pence, up 11% on Monday 12-month change: up 24% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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