EDITOR: | June 6th, 2014

Rare Earth Minerals PLC Increases Strategic Holding in Bacanora Minerals to 11.27%

| June 06, 2014 | No Comments

June 6, 2014 (Source: Rare Earth Minerals PLC) — Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in its joint venture partner in the Sonora Lithium Project in Mexico, Bacanora Minerals Limited (“Bacanora”), to 11.27% from the previously reported 10.18% through further on-market purchases totalling £328,200.

This interest, when aggregated with REM’s 30% direct interest in the Fleur- El Sauz Lithium Joint Venture and the 10% direct interest in the 94,000 hectare Megalit Joint Venture, results in a total economic interest in Fleur- El Sauz of approximately 37.89% and a total economic interest in Megalit of approximately 20.14%.

David Lenigas, The Company’s Chairman, commented:

“We continue to steadily increase our strategic shareholding in Bacanora Minerals, as we seek to increase REM’s exposure to the Sonora Lithium Project in Mexico”

Raj Shah


Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>

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