HIGHLIGHTSGeorge Bennett has a rich background in investment banking and mining.Rainbow Rare Earths focuses on extracting rare earths from phosphogypsum waste.High-grade projects are crucial for economic viability in rare earth mining.95% of exploration companies never reach production.Rainbow's project has a projected EBITDA margin of 75%.The company is on track to start construction in 2027.Floor pricing is essential for the rare earth market's stability.The demand for rare earths is expected to grow significantly.Rainbow is the only group currently extracting rare earths at scale from phosphogypsum.The company aims to produce 4,000 tons of separated NDPR annually by 2028.SUMMARYIn this episode of the Rare Earth Exchanges podcast, George Bennett, CEO of Rainbow Rare Earths, shares insights into the rare earth mining industry, his extensive background in mining and finance, and the innovative approaches Rainbow is taking to extract rare earth elements from phosphogypsum waste. He discusses the challenges of rare earth production, the importance of high-grade projects, and the company's unique recycling methods. Bennett also addresses funding strategies, market dynamics, and the future prospects for Rainbow Rare Earths, emphasizing the need for floor pricing in the industry to ensure economic viability.CHAPTERS00:00 Introduction to Rainbow Rare Earths02:26 George Bennett's Background and Experience05:08 Understanding Rare Earth Extraction Processes08:00 Challenges in Rare Earth Production10:45 The Importance of High-Grade Projects13:20 Rainbow's Innovative Approach to Recycling15:53 Funding and Financial Metrics18:38 Market Dynamics and Pricing Challenges21:23 Future Prospects and Strategic Partnerships24:03 Downstream Involvement and Supply Chain26:34 Challenges and Concerns Ahead29:09 Vision for the Future of Rainbow Rare Earths

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