Rainbow Rare Earths Limited is a Guernsey-based mining company. The Company is engaged in the exploration and development of the Gakara project, a rare earth deposit in Burundi, East Africa. The Gakara Rare Earth Project is located in the Bujumbura province of Western Burundi, which consists of a mining license and exploration license. The Company's principle asset, the mining license, is held through its subsidiary, Rainbow Mining Burundi SM. The Gakara project is located approximately 20 kilometers (km) south-southeast of Bujumbura and covers a combined area of approximately 135 square kilometers. Its exploration target at the project is rare earth element mineralization (REE), which is hosted in a system of narrow veins consisting of minerals bastnaesite and/or monazite. It also owns approximately 10 mining claims covering a total of approximately 12 km square in Zimbabwe. The Company's subsidiaries include Rainbow International Resources Limited and Rainbow Burundi SPRL.