Business
Investments
Investments.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0435O Rare Earth Minerals PLC 16 September 2013 \n \n\n16 September 2013\nRare Earth Minerals plc\n(the \"Company\" or \"REM\")\n \nInvestments\n \nRare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company is pleased to announce that it has made market investments totalling $0.52 million in Western Lithium USA Corporation (\"Western Lithium\") and Bacanora Minerals Limited (\"Bacanora\").\n \nInvestments\n \nBacanora is a TSX-V listed company exploring for and developing industrial mineral resources in Mexico with a primary focus on Borates and Lithium. It is the joint venture partner of REM in the Fleur-El Sauz Lithium project (the \"Joint Venture\"). REM has an interest of approximately 0.2% in the issued share capital of Bacanora, acquired at a cost of $0.04 million. This interest, when aggregated with REM's 30% direct interest in the Joint Venture, results in a total economic interest in the Joint Venture of 30.14%\n \nWestern Lithium is a TSX-V listed company whose principal project is the Kings Valley, Nevada lithium carbonate deposit. REM has an interest of approximately 1.7% in the issued share capital of Western Lithium, acquired at a cost of $0.48 million. \n \n- ends -\n \nFor further information please contact:\n \n\n\n\n\nRare Earth Minerals plc \n\n\n\n\n\n\n\nDavid Lenigas\n\n\n+44 (0) 207 440 0647\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited\n\n\n\n\n\n\n\nJames Joyce\n\n\n+44 (0) 207 220 1666\n\n\n\n\nNick Field\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPelham Bell Pottinger\n\n\n\n\n\n\n\nJames MacFarlane \n\n\n+44 (0) 207 861 3864\n\n\n\n\nMarcin Zydowicz\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLFMFTMBBBMLJ\n ","length":4957,"tagName":"div"}]