Rainbow Rare Earths’ £1.25 Million Placing


Memery Crystal advised Rainbow Rare Earths on its £1.25 million placing.

Rainbow Rare Earths is a high-grade rare earth producer. The placing proceeds will be used for general working capital purposes including capital additions to the company’s trial mining fleet and pilot processing plant at the Gakara Rare Earth Project in Burundi to accelerate the trial mining operations.

The Memery Crystal team was led by Partner Kieran Stone (Picture) and supported by Director Mark O’Donnell.

Involved fees earner: Mark O’Donnell – Memery Crystal; Kieran Stone – Memery Crystal;

Law Firms: Memery Crystal;

Clients: Rainbow Rare Earths Limited;