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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.

Updates by the CEO on the Sonora Lithium Project: click here

Rare Earth Minerals - Sonora Lithium and Borates Project Update

click here

Results for the year ended 31 December 2014

The Company is pleased to announce its final results for the year ended 31 December 2014. A copy of these results will be made available on the Company's website from today.

CHAIRMAN'S STATEMENT

It has been a year of strong and positive progress at the Company.

The Company continues to pursue its strategy of investing in direct and indirect stakes in the Lithium and Rare Earth Minerals resource sector, and has acquired significant stakes in a diverse set of projects, which potentially represent world-class assets in these sectors.

Our two key main investments, the Sonora Lithium Project ("Sonora") in Mexico - which include the La Ventana, Megalit, El Sauz / Fleur group of concessions - and the Yangibana Rare Earth Project in Australia have advanced rapidly over the period, developing resources that are respectively 226% and 230% larger than previously reported. Both these projects continue to make good progress towards full commercialisation.

Corporately, REM continued to increase its strategic holdings in its Mexican joint venture partner, Bacanora Minerals Limited ("Bacanora"), where the board sees exceptional future potential value as Sonora continues to expand. REM will seek to increase its direct shareholding in Bacanora further from the current 16.41% as opportunities arise. REM has also taken a 3.05% stake in Western Lithium USA Corporation to gain exposure to the other main clay-based lithium deposit in the Americas.

Global demand for both lithium and rare earth elements continues to rise and the Company will continue to pursue further investments in this sector.

Corporate Activity since the year end

Key points:

· The Sonora projects now show a combined indicated and inferred LCE resource of 7.42m tonnes and is advancing its fully funded Pre-Feasibility Study

· Further encouraging drilling results have been produced at La Ventana and El Sauz / Fleur portion of Sonora

· £2.5m was raised via a share placing with an institutional investor

· REM's direct equity stake in Bacanora Minerals has been increased from 12% to 16.41%

· The board of Bacanora now includes two REM directors and Andrew Suckling, a highly experienced commodity fund manager, has been appointed to the REM board

· The Yangibana project in Australia, in which REM has a 30% free carry, has been progressed rapidly with several updates

· Western Lithium, in which REM has a 3.05% stake, has produced its first high purity lithium from its demonstration plant

· REM acquired a 6.65% equity interest in the Cinovec project in the Czech Republic, which is one of the largest lithium deposits in Europe.


more....

Western Lithium Announces Merger

Rare Earth Mineral Plc (AIM: REM) is pleased to announce that Western Lithium USA Corporation ("Western Lithium"), in which REM holds an approximate 3.05% interest, has announced a merger with Lithium Americas Corp. ("Lithium Americas"), consolidating strategic lithium deposits in North and South America.

The transaction is structured as a statutory plan of arrangement under which Western Lithium will acquire all of the outstanding shares of Lithium Americas in an all-stock transaction that values Lithium Americas at approximately C$80 million ("Arrangement Agreement").

more.....

positive move - and worth taking a look at cpx which is related - not just the thinline capacitors which are a world first but also their rapidly moving innovative car battery and similar products - strong stream of news due there also..................

Interesting update on the sonora lithium project: listen here

Sonora Lithium Project Signs Lithium Supply Contract

Rare Earth Minerals and (LSE AIM: REM) and Bacanora Minerals Ltd. (TSX-V: BCN and LSE AIM: BCN), the joint venture partners of the Sonora Lithium Project1 in Northern Mexico (Bacanora and REM are collectively referred to as the "Sonora Lithium Project Partners"), have finalised a conditional long-term lithium hydroxide supply agreement with Tesla Motors, Inc. ("Tesla"), the maker of electric vehicles and energy storage solutions ("The Supply Agreement").

more...

Sonora Drilling Results and Accelerated Drilling Programme

Rare Earth Minerals Analyst Interview by WH Ireland, listen here!

REM increases strategic holding in Bacanora Minerals to 16.8%


Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in Bacanora Minerals Limited ("Bacanora"), from 16.4% to 16.8% through further market purchases totalling £324,530.

This interest, when aggregated with REM's 30% direct interest in Megalit S.A de CV (the company holding the Beunavista, Megalit and San Gabriel concessions) and the 30% direct interest in Mexelit S.A de CV (the company holding El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions), results in a total economic interest in each of these companies of 41.75%.

- Ends -

Interim Results

Rare Earth Minerals - Update - listen here.

did i see that that crook lenigas is linked to this company
if so, no wonder it stinks

surprised that no one here follow them?
do you know something that I don't know?

Not sure how much involvement David Lenigas still has here, he will claim he hasn't any of course! With it's fingers in a few pies the prospects for REM are not bad, still a speculative share but with the various projects moving forward the sp may well follow, as it is doing today.

shame it got ignored today hod 0.98 now 0.91... when I posted (above) REM was around the 0.70 :-))

Rare Earth Minerals Plc Update on Macarthur Minerals

Rare Earth Minerals Plc (AIM: REM; OTC: REMMY)) is pleased to report that Macarthur Minerals ("Macarthur") in which REM owns a 15.5% shareholding, has announced that it has acquired a lithium Project in Nevada, USA. The full Macarthur announcement can be found at:
http://web.tmxmoney.com/article.phpnewsid=4701858674995706&qm_symbol=MMS

Macarthur Minerals Limited (TSX VENTURE: MMS) (the "Company" or "Macarthur Minerals") is pleased to announce that it has entered the United States lithium supply sector through an agreement to acquire the Stonewall Project in Nevada, which is prospective for lithium ("Stonewall Project"). The Stonewall Project covers an area of approximately 5,700 acres (23 km2) and the majority of a Salt Lake Playa in Nevada's Lida Valley Basin, the adjacent basin to the Clayton Valley Basin, which hosts the United States' only producing lithium mine. The Stonewall Project is considered essentially "drill ready" and a United States mineral exploration company is being engaged to undertake a shallow drilling program for due diligence purposes.

David Taplin, President, CEO and Director of Macarthur Minerals commented:
"Acquisition of the Stonewall Project located in Nevada is an exciting opportunity for Macarthur Minerals as its entry into the United States lithium supply market. The Stonewall Project is strategically located 306 kilometres from Tesla's Gigafactory in Nevada and is 48 kilometres from Albemarle's Silver Peak Lithium Mine, the only operating lithium mine in North America. The acquisition adds to Macarthur Minerals' extensive and highly prospective Western Australian 'hard rock' lithium exploration asset portfolio to give the Company a truly global lithium strategy."

Nice! :o)

Could well climb towards 2p again.

Harrycat thanks for the chart + info
I didn't bother b/c I thought wasn't worth a sno one follow -trade

I heard of REM on an USA forum ... got interested (and traded)
any way you all DYOR