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Rainbow raises £7.52m for South African project

London-listed Rainbow Rare Earths has agreed to issue about 72.45-million shares in the company to raise £7.52-million to further develop its Phalaborwa project, in South Africa. Existing shareholder TechMet contributed £5.54-million, while Pella Ventures – also an existing shareholder – contributed £790 000. ....

South Africa , Brian Menell , Darryll Castle , George Bennett , London Listed Rainbow Rare Earths , Pella Ventures ,