Rainbow Rare Earths listing raises funds for Burundi mining project

Rainbow Rare Earths listed on the main London stock market on Monday, raising 8 million pounds ($10 million) to invest in its Gakara project in Burundi, with a view to starting sales to Germany's Thyssenkrupp by year-end. The project's minerals are weighted towards magnetic rare earths, including neodymium and praseodymium, which are expected to used become increasingly sought after for use in generators, wind turbines and electric vehicles as supply from top producer China dwindles. Rainbow's s