Rainbow Rare Earths Is Guernsey's Latest LSE Listing

Guernsey-incorporated and registered company Rainbow Rare Earths Limited has been listed on the Main Market of the London Stock Exchange (LSE).

The East African mining company - engaged in the exploration and development of the Gakara Project, a rare earth deposit in Burundi, East Africa - was listed on Monday 30 January with a market cap of approximately £15.2m on admission. The funds raised will capitalise the Gakara Project through trial mining and into production in 2017.

The Gakara Rare Earth Project is located in the Bujumbura province of Western Burundi, which consists of a Mining Licence and Exploration Licence. The project is located approximately 20km south-southeast of Bujumbura and covers a combined area of approximately 135km².