EDITOR: | September 18th, 2013 | 2 Comments

Rare Earth Minerals PLC: Investment

| September 18, 2013 | 2 Comments
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September 18, 2013 (Source: Rare Earth Minerals PLC) — Rare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company is pleased to announce that it has made a further market investment totalling $0.05 million in Bacanora Minerals Limited (“Bacanora”).

Investments

Bacanora is a TSX-V listed company exploring for and developing industrial mineral resources in Mexico with a primary focus on Borates and Lithium.  It is the joint venture partner of REM in the Fleur-El Sauz Lithium project (the “Joint Venture”).  REM now has an interest of approximately 0.90% in the issued share capital of Bacanora, acquired at a cost of $0.25 million.  This interest, when aggregated with REM’s 30% direct interest in the Joint Venture, results in a total economic interest in the Joint Venture of approximately 30.63%.

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Raj Shah

Editor:

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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Comments

  • Veritas Bob

    Oh cool. A whole 50 thou.

    September 18, 2013 - 3:00 PM

    • Jim S.

      Ditto Bob

      September 18, 2013 - 3:47 PM

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