Rainbow Rare Earths is a listed producer of high-grade rare earths concentrate in Burundi.

TechMet has made an equity investment and signed a binding agreement to create a JV to develop a processing plant to turn Rainbow’s high-grade concentrate into high-value rare earth products.

• Global demand for rare earths is growing significantly, driven by increased use of permanent magnets in EVs, mobile phones and renewables.
• Major strategic value in creating non-Chinese supply of high-value rare earth chemicals with a captive, long-term feedstock.