Ecora Royalties PLC Announces Phalaborwa Rare Earths Project Update

Executive Summary

• Rainbow Rare Earths’ newly commissioned large‑scale pilot plant in Johannesburg is operating the optimized Phalaborwa primary flowsheet as expected.
• The plant has produced approximately 2 kg of a high‑grade mixed rare earth hydroxide with ~55% TREO, exceeding typical Chinese specifications (42–44% TREO).
• Ecora Royalties PLC holds a 0.85% gross revenue royalty on the Phalaborwa project, positioning it to benefit from this commercial product.

Key Details

• Pilot plant is running the optimized Phalaborwa primary flowsheet in line with expectations.
• Produced ≈ 2 kg of mixed rare earth hydroxide at an estimated 55% TREO grade.
• Chinese market specifications for comparable mixed rare earth carbonate are 42–44% TREO, indicating a superior product quality.
• The hydroxide has been confirmed as an ideal feedstock for downstream production of NdPr oxide and SEG+ product via solvent extraction separation circuits (testing to be conducted offsite).
• Ecora Royalties PLC holds a 0.85 % gross revenue royalty on the Phalaborwa project, entitling it to a share of revenues from this pilot‑scale production.

Notable Quotes

(No direct quotes were provided in the release.)