17th Sep 2015 08:52
LONDON (Alliance News) - Rare Earth Minerals PLC on Thursday said it has further increased its shareholding in fellow-AIM-listed firm Bacanora Minerals Ltd to 17.02%.
Rare Earth has upped the stake, from 16.80% previously, through further market purchases totalling GBP181,405.
The pair are partners on the Sonora lithium project in northern Mexico and have recently signed a lithium supply deal with Tesla Motors, the US-based electric sports car and energy storage products company.
Rare Earth shares were up 0.7% to 1.04 pence on Thursday, while Bacanora shares were down 0.1% to 88.45 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
BCN.LRare Earth Metals