EDITOR: | September 25th, 2014

REM Increases Strategic Holding In Bacanora Minerals to 12%

| September 25, 2014 | No Comments

September 25, 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”), from 11.83% to 12% through further market purchases totalling £89,775.

This interest, when aggregated with REM’s 30% direct interest in the Fleur – El Sauz Lithium Joint Venture and the 30% direct interest in the Megalit Joint Venture, results in a total economic interest in each of these joint ventures of approximately 38.40%.

David Lenigas, The Company’s Chairman, commented:

“We have further increased our strategic holding in BCN, as we continue to see excellent value and returns to be made from 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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