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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.

JUST bought in today...been told massive news imminent

see what i mean 400m shares traded today...if you wanna know inside info follow the maestro van

Looking good,,done well with REM having been in since before the big rise.. I'm also in CCE which has had a good day today

FML could out trump them all though... 20m market cap sitting on 1.9bn of resources

Mexico Lithium Project Update

Rare Earth Minerals (AIM: REM) is pleased to announce that the larger Stage 2 drilling programme on the Joint Venture Lands ("JV Lands" or "Project", i.e. Fleur-El Sauz concessions) in northern Mexico is due to start at the end of this week.

David Lenigas, the Company's Chairman, commented:

"The start of the Stage 2 exploration programme represents a busy period for the Company. We are expecting the technical report documenting the maiden lithium resource, in compliance with Canada's NI 43-101F1, to be filed on SEDAR within the next two weeks "

Stage 2 Drilling Programme:

The drilling contractors have now prepared the access roads and drill pads for 24 new drill holes. Drill crew and equipment are being mobilised this week to commence the larger Stage 2 drilling programme on the JV Lands on 6 October 2013.

The prime focus for the Joint Venture partners for the Stage 2 exploration programme on the JV Lands is to significantly expand the global lithium resource, assess the metallurgy and recovery options and provide a realistic and meaningful economic assessment of the potential commercial value of this deposit.

The drilling is designed to not only infill the known mineralisation into better defined categories under the NI 43-101 reporting standards, but is also designed to test for extensions of the deposit, both down dip to the east and along strike to the south, as the deposit remained open in both of these directions. Recent surface mapping has identified further potential to extend the lithium-bearing clays by approximately 2km along strike to the south-east from the previously identified mineralisation and some of this potential will be tested in the upcoming drill programme.
Qualified Person's Statement:

Information in this announcement relates to information compiled by Carl G Verley, P.Geo, a consultant to the Company, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is a Qualified Person with respect to the information disclosed herein.

Mexico Lithium Project - NI43-101 Technical Report

Mexico Lithium Project - NI43-101 Technical Report


Rare Earth Minerals (AIM: REM) announces that the Company's Joint Venture Partner Bacanora Minerals Ltd ("Bacanora") has filed the Technical Report ("Report") on the maiden estimated resource in respect of the Fleur and El Sauz concessions ("Concessions") that form part of the Sonora Lithium Project in northern Mexico.

The Report, in compliance with the recognised Canadian Security Administrators' National Instrument 43-101 and CIM guidelines for reporting resources and reserves, has been filed by Bacanora on SEDAR and is also available for download on the Company's website at www.rareearthmineralsplc.com.

The total inferred Lithium Carbonate Equivalent ("LCE") resources at a cut-off of 2,000 ppm lithium on the Fleur-El Sauz Project is 1,486,000 tonnes LCE from 88,271,000 tonnes of clay at an average grade of 1.68% LCE. REM has at present a 30% interest in the Fleur-El Sauz Project, implying REM's share of the estimated inferred resource is 445,800 tonnes of LCE.

The initial inferred lithium resources for the Concessions apply a cut-off of 2,000 ppm Li for the combined Upper and Lower Clay Units. The Upper Clay Unit has an inferred Li resource estimated at 20,060,000 tonnes averaging 2,748 ppm Li (1.46% LCE) and the Lower Clay Unit has an inferred Li resource estimated at 68,211,000 tonnes averaging 3,278 ppm (1.75% LCE).

The recently completed drilling campaign on the Concessions tested a 4 kilometre strike length of the lithium-bearing volcanic-sedimentary succession, which remains open down dip and to the east as well as on strike to the south. A relatively high-grade portion of the deposit underlies the northern 2.7 kilometres of the area tested and, at a cut-off of 3,000 ppm Li, contains 53,929,000 tonnes averaging 3,922 ppm Li (2.09% LCE).

In addition, other potentially valuable alkali metals and alkali earth metals, such as potassium, cesium, rubidium and strontium show marked anomalism in the clays that host the lithium and are being investigated to determine if they will add further value to the deposit.

Further drilling has commenced to test for additional resources, as the Lithium bearing clays in the deposit identified to date remain open on strike to the south and to depth, down dip to the east.

Mexico Lithium Project - Update Stage 2 Drilling

Rare Earth Minerals PLC (AIM: REM) announces that the first hole of a scheduled 24 hole second phase of diamond drilling (Stage 2 Programme) has been successfully completed and identified 59 metres of the same clay formation previously encountered during Phase one drilling on the El Sauz and Fleur Lithium concessions (the "Concessions" or individually, a "Concession") in northern Mexico.
David Lenigas, Rare Earth Minerals Chairman commented:
"The Company is very pleased to have started the second stage of drilling on this Lithium Project and that the first hole has successfully intersected the same sequence of clay down dip from the previously identified lithium-bearing clays. With drill and assay results from the expanded programme, it is expected the new data will provide further evidence that the concessions host a new, large lithium resource."
Update:
The diamond drill under contract from Godbe Drilling of Colorado, USA has completed the first hole of this campaign (ES-11) approximately 200 metres northeast of hole ES-01 and within 20 metres of the boundary with the neighbouring La Ventana concession to the north. It was drilled to a total depth of 258.16 metres and intersected a 35 metre interval of the upper clay unit and a 24 metre interval of the lower clay unit. The estimated true thickness of the upper clay is 33 metres and that for the lower clay is 22.5 metres. The preliminary log of the main units intersected in ES-11 is tabulated below.

The result of the first hole successfully demonstrates continuity of the clay units to depth down dip of the previously drilled resource and this new mineralisation will add to the overall resource once assays confirm the quantities of Lithium in the clay. A full suite of analytical results for lithium and other alkali metals and alkali earth metals from drill core samples are expected over the coming weeks.

more....

Oct 24 (Reuters) - Greenland's parliament voted on Thursday to end a decades-long prohibition on mining for radioactive materials like uranium, further opening up the country to investors from Australia to China eager to tap its vast mineral resources.

The move will not only allow the mining of uranium deposits, but also of rare earths, minerals used in 21st century products from wind turbines to hybrid cars and smart phones and that are currently mostly extracted by China.

Here is the RNS :-

Greenland Government Policy Update

David Lenigas, REM's Executive Chairman, stated:

"REM has a number of approved Exploration Licences that should benefit significantly from this new Greenland Government decision, in particular the 38 square kilometer Exploration Licence 2013/20 which was recently granted by the Greenland Government on the 10 September 2013. This Licence immediately adjoins the north eastern boundary is the large Kvanefjeld rare earth element, uranium and zinc deposit."

"A decision like this automatically accelerates foreign direct investment in to mineral and metal exploration in Greenland. REM will now work closely with its geological consultants, SRK Consulting, to accelerate the search for rare earth elements on its concessions."

REM owns concessions immediately adjacent to and surrounding Greenland Minerals and Energy Limited's ("GGG") Kvanefjeld Project (rare earth elements, uranium, zinc). The global resource base (JORC-code compliant) established by GGG for Kvanefjeld is said to contain 575 Mlb's U3O8 and 10.3 Mt of rare earth oxide (REO).


- ends -

Investment

First purchase for David Lenigas?


30 October 2013
Rare Earth Minerals plc
(the "Company" or "REM")

Directors Dealing

Rare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company Mr. David Lenigas, a director of the Company, acquired 2 million ordinary shares of 0.01 pence each in the Company ("Shares") at 0.79 pence per Share. Following the acquisition, Mr. Lenigas' notifiable interest is 2,000,000 Shares, representing 0.05% of the Company's 3,933,619,049 total voting rights.

Statement re: JV Partner Trading Halt in Canada

Rare Earth Minerals plc (AIM: REM) advises that's its JV partner in the Fleur - El Sauz Lithium Project in northern Mexico, Bacanora Mineral Ltd ("Bacanora") have this morning requested a Trading Halt of their shares on the Canadian Exchange.


Bacanora's Release states:

IIROC Trading Halt - BCN

VANCOUVER, Nov. 4, 2013 /CNW/ - The following issues have been halted by IIROC:

Company: Bacanora Minerals Ltd.
TSX-Venture Symbol: BCN
Reason: At the Request of the Company Pending News

Halt Time (ET): 8:00 AM ET

The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

trading halt in Canada, certainly moving rem.

In auction +18.1%.

BACANORA ANNOUNCES SIGNIFICANT LITHIUM CARBONATE RECOVERIES FROM PRELIMINARY METALLURGICAL TESTING
BACANORA MINERALS LTD. ("Bacanora" or the "Company") is pleased to announce that it has received results of preliminary metallurgical testing undertaken by the Metallurgical Division of Inspectorate Exploration and Mining Services Ltd ("Inspectorate") of Richmond, Canada on samples from the La Ventana Lithium Deposit, Sonora Lithium Project, Mexico. The test work was conducted on behalf of Bacanora under the direction of Mr. John Fox, P.Eng. The testing was conducted on a total of 4 samples averaging 9.88 kilograms each. The samples consisted of split drill core with 2 samples from each of the upper and lower clay units.

More at:- http://www.bacanoraminerals.com/news/pdf/news20131104.pdf

Here is the RNS :-

Significant Lithium Recoveries from Mexico

Rare Earth Minerals PLC (AIM: REM) is pleased to announce a potentially significant development in the advancement of the Sonora Lithium Project in northern Mexico, of which REM has a 30% direct interest in the Fleur-El Sauz Concessions of the Project and an economic interest of 31.5% due to REM's direct 2.2% shareholding in Bacanora Minerals Ltd ("Bacanora"). Bacanora has released the results of the preliminary metallurgical testing, the full text of which follows at the end of this announcement.
David Lenigas, Rare Earth Minerals Chairman commented:
"The metallurgical recoveries announced by Bacanora, of up to 90.4% of Lithium Carbonate from the initial independent test work on their section of the Sonora Lithium Project's clays, are potentially economically significant to REM and this bench scale work shows categorically that Lithium can be extracted from this large Lithium Clay deposit."
"The high recoveries of Lithium Carbonate demonstrate that Lithium from the La Ventana section of the Sonora deposit is indeed soluble and indicate that Lithium Carbonate can be produced from the resulting solution. The Company looks forward to working with our Joint Venture partner in advancing efforts to achieve a commercial grade lithium product as well as investigating the recovery of other alkali metal compounds contained within the deposit".
Metallurgical test work has begun at the Metallurgical Division of Inspectorate Exploration and Mining Services Ltd of Richmond, Canada on samples from the southern extension of the La Ventana deposit on the Fleur-El Sauz concessions that form part of the Bacanora / REM Joint Venture Lands. Further details on the test work are available from Bacanora's Press release 4/11/2013.
- Ends -

hope you guys did well here before the retrace
atb

what retrace? going the other way if you ask me

didnt david lenigas buy at .79p recently?

Completion of Increased Interest In Joint Venture

Rare Earth Minerals PLC (AIM: REM) is pleased to announce that further to the announcement of 5 September 2013, the Company has now received formal notification that it officially owns 30% of the shares of MEXILIT SA de CV ("MEXILIT"), the local Mexican company that holds the El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 Concessions which form part of the overall Sonora Lithium Project in northern Mexico. The acreage held by MEXILIT totals 5,325 hectares.

As previously announced, REM continues to have a first right of refusal, under the agreement with Bacanora, to negotiate terms to further increase its interest in the Project to 49.9%.