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Rare Earth Minerals' 333pc rise after name change puts Aim under fresh scrutiny
What's in a name? About 10m, according to investors in Aim-listed Rare Earth Minerals Plc, whose share price rose 66pc yesterday.

Rare Earth Minerals' new website can still be found at www.zestmusic.com By Rowena Mason, Energy Correspondent 6:00AM GMT 31 Dec 2010
18 Comments
The company, which does not yet own any rare earth minerals or licences to mine them, was a loss-making music business called Zest until eight days ago.

It has not revealed how it plans to acquire any of the minerals on which China has a near monopoly. Nor has it disclosed the countries where it is targeting acquisitions with just 630,000 of cash in the bank.

However, since it proposed the name change on November 12, its share price has more than quadrupled from 0.35p, valuing it at 3.1m, to 1.52p, valuing it at 13.5m.

The rise is likely to raise further questions about the London Stock Exchange's governance of the AIM market - three years on since Roel Campos, an SEC commissioner, described the junior market as a "like a casino".

It has been under renewed scrutiny since Desire Petroleum's wild share spikes earlier this month. A spokesman for AIM declined to comment on whether the regulatory team is looking into Rare Earth Minerals

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One broker said: "It is penny stock madness, a herd mentality, though I'm not sure what they're trying to cash in on. It is just like a type of dotcom boom situation."

At the height of the dotcom boom, a string of cash shells - companies with a stock market quote but no actual business - listed on AIM. The value collapsed when the bubble burst, prompting the LSE to change its rules.

TD Waterhouse, the retail broker, said Rare Earth Minerals was its most traded stock yesterday, with the most buy orders and fourth most sell orders. "It's the first time I've ever seen it appear in the top ten," a spokesman said.

More than 143m shares changed hands, despite no new publicly available information.

The only announcement the company has made recently has been the award of 98m share options to "directors, staff , consultants and advisors" at 0.5p, redeemable in ten years.

The company's shares also rose sharply in January, when it appointed David Lenigas, a veteran of the world of penny stocks, as a non-executive. He is one of only two board members at Rare Earth Minerals and disclosed he was a director of 94 other companies including Solo Oil, Vatulouka Gold Mines and LonZim.

Last year, a study by Manchester Business School found AIM companies were no more likely to fail than those on other markets. However, they had more chance of survival if older, bigger, had a greater free float and a reputable nominated advisor.

Rare Earth Minerals was unavailable for comment.

Yes, but I'm not sure if it's a good one...


http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10988425/Bacanora-Minerals-a-miner-youve-never-heard-of-floated-in-London-and-heres-why-should-you-care.html

No shortage of mugs on AIM.


Bacanora's choice of London also signifies a shift in mining investments away from typical Canadian markets and into Europe.

Mr Orr-Erwing explained: “One of the reasons why we are coming to the London market is that for two days after we announced we had produced battery-grade Lithium from our pilot plant not a single share on the Canadian market was bought or sold.

This was mind-blowing. So we thought it's really not worth hanging around here, and decided to list on AIM, and it will dual-list for the time being.

Plenty of press coverage this weekend.

The trouble is it's always after the event....always the same....any good share tips ?...only ones you already know about and established values !....

REM reports holding in Bacanora Minerals at 11.68%

The world may need more lithium!

News from Tesla/Panasonic any day now.

Tesla report on Thursday.

A snippet - All In? Tesla, Panasonic Could Announce Nevada Gigafactory Deal This Week

Tesla update Thursday might provide a clue.

Tesla and Panasonic Agree to Build Factory in U.S.

REM increases strategic holding in Bacanora

REM increases strategic holding in Bacanora Minerals to 11.94%

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 11.94% from the previously reported 11.68% through further on-market purchases totalling £155,375 from 29 July to 31 July 2014.

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 Megalit Joint Venture, results in a total economic interest in Fleur- El Sauz of approximately 38.36% and a total economic interest in Megalit of approximately 20.74%.

Initial TREO results from Greenland.

Highlights:

· Initial assay results starting to be received from REE target in Greenland.
· 4 of 10 samples exceeded 2,000 ppm Total Rare Earth Oxides ('TREO') with the highest at 2,887 ppm TREO.
· TREO grades similar to the proximal Tanbreez deposit.
· A total of 361 samples collected to date are currently being analysed for REE's precious metals.
· Exploration on REM's Greenland Licences is continuing.

Yangibana Update - Maiden JORC resource expected.

Rare Earth Minerals (AIM: REM) advises that the securities of Hastings Rare Metals Limited ("Hastings"), REM's 70% joint venture partner in the Yangibana Rare Earth Element Project in Western Australia, are in a Trading Halt on the Australian Stock Exchange until the earlier of an announcement to the market concerning a maiden JORC resource on the Yangibana Project or Wednesday 6 August 2014.

Details of Ownership:

On the 1 December 2012 REM announced that it had acquired a 30% free carried interest to Bankable Feasibility Study ("BFS") of the Yangibana Rare Earth Project. Therefore the exploration costs until the commencement of the BFS are borne solely by Hastings Rare Metals Limited (70% owners and operator).

Building up into a fren here.

That's a little bit short of a frenzy by the way! :o)

I did wonder kim.

Yangibana Update - Maiden JORC resource

As disclosed in the Hastings announcement on ASX :

· Maiden JORC resource estimate for the Yangibana Project.
· Total JORC Resource of 3.36 million tonnes comprising Indicated Resource of 1.86 million tonnes at 1.38% Total Rare Earth Oxides ("TREO") and Inferred Resource of 1.5 million tonnes at 1.29% TREO at a 0.5% TREO cut-off.
· Major increase of 290% in contained TREO compared to previous non-JORC estimate.
· Significant Neodymium (Nd2O3), a critical rare earth oxide, is included in the contained TREO, with average grade of 2,700 parts per million ("ppm") (0.27%).
· Upgraded resource covers only 825 metres of strike length to a maximum 400 metres down-dip to a maximum vertical depth of 100 metres below surface.
· Resource remains open in all directions with mineralisation cropping out to the east and west.
· Additional reverse circulation and diamond drilling to commence in Q4 on neighbouring targets within the 550 km2 tenements at Yangibana.

Details of Ownership:

On the 1 December 2012 REM announced that it had acquired a 30% free carried interest to Bankable Feasibility Study ("BFS") of the Yangibana Rare Earth Project. Therefore the exploration costs until the commencement of the BFS are borne solely by Hastings Rare Metals Limited (70% owners and operator).

http://www.angelnexus.com/o/web/61876

REM elects to accelerate ownership of Megalit Lithium Joint Venture

Sonora Lithium Project Update

Highlights from the Bacanora release include:

· Plant design is progressing well for a production facility with a capacity of up to 50,000 tonne per annum of Lithium Carbonate.

· Lithium bearing clay units on the Buenavista Concession (part of the Megalit joint venture) have been confirmed to be exposed at surface for 6 km along strike and outcrop over 1.25 km across dip and have returned surface samples of up 1,700 ppm Lithium.

· Detailed drill programme being planned for the Sonora Lithium Project to delineate the open pit design.

· Drilling results from the Megalit Joint Venture have intersected lithium bearing clay units 10 km south of the 2.01 million tonne indicated lithium mineral resource on the Fleur El-Sauz joint venture.

· A drill programme is being designed to expand to expand the current Lithium resources in to the Megalit Joint Venture.

Yangibana Update

Rare Earth Minerals (AIM: REM) advises that Hastings Rare Metals Limited ("Hastings"), REM's 70% joint venture partner in the Yangibana Rare Earth Element Project ("Yangibana") in Western Australia, have announced the latest assay results for rare earth elements from the Yangibana and the new 6,500 metre drill programme.

The full Hastings news release date 25 August 2014 (including maps) is available at:

http://www.asx.com.au/asxpdf/20140825/pdf/42rq4x0x2q3k9z.pdf


Highlights (from Hastings News Release):

· Stage 2 drilling of 6,500m commences at Yangibana.
· Yangibana North JORC resource to be further tested along strike and at depth.
· Seven additional prospective targets to be drilled.
· Programme of Work approved for proposed drilling.
· Heritage Site Clearance completed.
· Reverse circulation and diamond drilling to be undertaken in Q3/Q4 2014.

Summary (from Hasting News Release):

The targets to be tested during Q3/Q4 2014 are all within 100m of surface and most are much shallower. On completion of the planned drilling programme of around 6,500m, it is expected that an Inferred Resource estimate will be feasible at each prospect. The Inferred Resources are also expected to remain open in all directions.

Details of Ownership:

On the 1 December 2012 REM announced that it had acquired a 30% free carried interest to Bankable Feasibility Study ("BFS") of the Yangibana North Rare Earth Deposit. Therefore the exploration costs until the commencement of the BFS are borne solely by Hastings Rare Metals Limited (70% owners and operator).The same terms agreed and announced on 1 December 2012 also apply to five out of the seven additional targets to be drilled which includes Lion's Ear, Hook, Gossan, Kane's Gossan, and Yangibana South.

David Lenigas, REM's Chairman, commented:

"We are seeing some excellent surface sampling results for TREO's on some of the new Prospects on the Yangibana tenements, with grades now recorded up to 128,000 ppm (12.8%) TREO and 21,900 ppm (2.19%) Nd203 (neodymium oxide) at the Lion's Ear Prospect."

"We are particularly pleased with the quantities of neodymium, a Critical Rare Earth Oxide ("CREO"), which is critical for the manufacturing of Permanent Magnets (wind and power turbines), electronic components (heat resistant ceramics) and rechargeable consumer batteries."

Glossary:

· ppm - parts per million. 10,000 ppm equals 1%.

· TREO is the sum of the oxides of the heavy rare earth elements (HREO) and the light rare earth elements (LREO).

HREO is the sum of the oxides of the heavy rare earth elements europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), and yttrium (Y).

CREO is the sum of the oxides of neodymium (Nd), europium (Eu), terbium (Tb), dysprosium (Dy), and yttrium (Y) that were classified by the US Department of Energy in 2011 to be in critical short supply in the foreseeable future.

LREO is the sum of the oxides of the light rare earth elements lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), and samarium (Sm).

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