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Memery Crystal advises Main Market listed Rainbow Rare Earths on £1.25 million placing

25/06/2020

At a glance

Memery Crystal is delighted to announce that it has advised long-standing client 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 and supported by Director Mark O’Donnell.

Kieran commented: “It was a pleasure to once again work with George and the rest of the Rainbow Rare Earth team following their listing on the Main Market in 2017. We look forward to working with Rainbow in the future and watching the Gakara Project and future projects grow.

Memery Crystal is a specialist international law firm with a strong track record of acting for clients in the natural resources sector. We are pleased to have been recognised by both Chambers and The Legal 500 for our ECM and Natural Resources work.

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Mark O’Donnell
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