Rainbow Rare Earths (LSE:RBW) said its board has initiated a process to evaluate a stock exchange listing in the United States to access North American investors and enhance trading liquidity.
The company, which recovers rare earth elements from phosphogypsum and is advancing the Phalaborwa project in South Africa and the Uberaba project in Brazil, said the review is driven by the US build‑out of independent rare earth supply, its growing US nexus via a partnership with The Mosaic Company, continued support from the US International Development Finance Corporation (which holds a US$50 million option to provide project equity for Phalaborwa), and a recent private placement largely supported by US investors including Traxys, a participant in the US government's Project Vault, the company said.
As part of the evaluation Rainbow plans to engage existing shareholders and other stakeholders to solicit feedback and will update the market following that engagement.
The company emphasised the listing review is being carried out alongside its core development timetable, which includes delivery of a Definitive Feasibility Study at Phalaborwa in 2026 and the imminent start of a Pre‑Feasibility Study at Uberaba with Mosaic.
