Rare Earth Minerals completes full equity swap with YA Global
23rd May 2014 11:35
AIM-listed Rare Earth Minerals has completed the full equity swap agreement with YA Global Master, the group said on Friday. As such, YA Global has now provided a total of just over £3m in cash funding since June 17th 2013 without issuing any further equity in the company. Chairman David Lenigas
Read moreRare Earth Minerals finds battery-grade lithium in Mexico
23rd Apr 2014 14:44
Rare Earth Minerals (REM) has uncovered a battery-grade lithium deposit at a project in northern Mexico. REM said it had secured independent confirmation that its joint venture partner Bacanora Minerals could produce battery-grade lithium carbonate from the lithium-bearing clays at the Sonora lithi
Read moreRare Earth Minerals celebrates 'significant' achievement in 2013
13th Mar 2014 10:51
Rare Earth Minerals (REM) on Thursday hailed 'a year of significant achievement' and said the long-term outlook was strong. During the year, exploration on its primary project, Fleur-El Sauz, began in March 2013 and has since defined a substantial maiden resource. Its wholly-owned Narsaq project
Read moreRare Earth Minerals strikes deal with Bacanora Minerals
4th Mar 2014 10:42
Rare Earth Minerals has increased its stake in Bacanora Minerals to five per cent from 3.17 per cent through further on-market purchases totaling 317,000 pounds. The acquisition brings REM's total economic interest in the Fleur-El Sauz joint-venture with Bacanora in northern Mexico to approximately
Read moreRare Earth Minerals raises funds for Mexico expansion plans
12th Feb 2014 13:19
Rare Earth Minerals (REM) has carried out a share placing to raise funds for the expansion of its Mexican lithium interests. The 0.4p-a-share placing has conditionally raised £1.39m from investors and a further £3.2m from Hume Capital Securities. The proceeds of the placing will enable REM to bo
Read moreRare Earth Minerals makes new lithium find in Mexico
5th Dec 2013 15:31
Mining group Rare Earth Minerals (REM) has uncovered new deposits of lithium in Mexico, giving its share price a boost on Thursday afternoon. REM said it had identified lithium-bearing clay areas stretching for about 25 miles. It has set up a joint venture with Bacanora Minerals that covers the n
Read moreRare Earth Minerals encounters potentially significant lithium deposits
5th Nov 2013 11:21
Rare Earth Minerals on Tuesday announced that potentially economically significant lithium deposits have been discovered at the Sonora Lithium project in Mexico, in which it owns a stake. The AIM-listed company has a direct 30% stake in the Fleur-El Sauz Concessions of the Sonora Lithium project in
Read moreREM stands to benefit from Greenland vote on uranium mining
25th Oct 2013 09:05
Rare Earth Minerals (REM) expects to benefit from a vote on Thursday by Greenland's Parliament in favour of ending the country's longstanding prohibition on mining for radioactive materials such as uranium. The AIM-listed minerals investment and development company's Executive Chairman David Lenig
Read moreRare Earth Minerals wires 1m dollars to Mexican partner early
5th Sep 2013 08:27
Rare Earth Minerals (REM) said it had already wired the last one million dollars to Bacanora, it joint venture partner in Mexico, in order to speed up its 30 per cent ownership in their Fleur-El Sauz lithium project. Under the terms of their agreement the Aim-listed company was to pay Bancanora $50
Read moreRare Earth Minerals raises stake in Fleur-El Sauz project
27th Aug 2013 10:03
Rare Earth Minerals (REM) shares climbed after announcing it was raising its stake in the highly prospective Fleur-El Sauz lithium project in northern Mexico to 30 per cent from 10 per cent. The company will pay joint-venture partner Bacanora Minerals $0.5m and has committed to spending $1m on furt
Read moreRare Earth Minerals soars after 750,000 pound fundraising
23rd Aug 2013 12:48
Shares in Rare Earth Minerals extended their winning streak after announcing it had tapped investors for 750,000 pounds. It placed 150m new share with investors at a price of 0.5p a share. The rare earth minerals and metals projects investment company will use the new funds to exercise its option
Read moreRare Earth Minerals strikes lithium in Mexico
14th Aug 2013 14:39
Shares in Rare Earth Minerals (REM) lifted more than a third after the explorer struck lithium at a drilling project in northern Mexico. The stock rose 34% or 0.03p to 0.13p by 14:20 in London as REM said it had found significant quantities of the metal, which is used by electric car makers and the
Read moreRare Earth Minerals unveils positive results from Mexico drill programme
17th Jun 2013 09:22
AIM-listed Rare Earth Minerals(REM) has unveiled positive results for its diamond drill programme in northern Mexico. In an operational update issued on Monday, the company reported that it had intersected 84 metres of clays in diamond drill hole ES-03 at its Fleur - El Sauz Lithium Project in nort
Read moreRare Earth Minerals strikes deal with Bacanora Minerals
23rd May 2013 12:00
AIM-listed Rare Earth Minerals(REM) has executed formal agreements with Toronto Stock Exchange-listed Bacanora Minerals, enabling REM certain rights to participate in drilling and project evaluation of the El Sauz and Fleur Lithium concessions in northern Mexico. Under the terms of the agreement,
Read moreRare Earth Minerals applies for exploration licence in Greenland
14th Feb 2013 08:53
Rare Earth Minerals has applied for a strategic 38 sq km mineral exploration licence to explore for an area in Greenland around 500m from the Kvanefjeld rare earth element, uranium and zinc deposit. The company will be searching for rare earth minerals in the region and the company says it sees th
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