Rainbow Rare Earths (LSE:RBW) Construction In Progress : £0.00 Mil (As of Dec. 2023)

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What is Rainbow Rare Earths Construction In Progress?

Rainbow Rare Earths Construction In Progress Historical Data

The historical data trend for Rainbow Rare Earths's Construction In Progress can be seen below:

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Rainbow Rare Earths Construction In Progress Chart

Rainbow Rare Earths Annual Data

Trend

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Construction In Progress

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Rainbow Rare Earths Semi-Annual Data
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Construction In Progress	Get a 7-Day Free Trial													-	-	-	-	-

Rainbow Rare Earths Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Rainbow Rare Earths (LSE:RBW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainbow Rare Earths Ltd (LSE:RBW) » Definitions » Construction In Progress

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Address

St Julian's Avenue, Connaught House, Saint Peter Port, GGY, GY1 3EL

Website

https://www.rainbowrareearths.com

Rainbow Rare Earths Ltd aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the magnet rare earth elements neodymium & praseodymium, dysprosium & terbium. It is focused on the development of the Phalaborwa Project and the earlier stage Uberaba Project. Both projects entail the recovery of rare earths from phosphogypsum stacks that occur as the by-product of phosphoric acid production, with the original source rock for both deposits being a hardrock carbonatite.

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