30th Oct 2013 11:04
LONDON (Alliance News) - Rare Earth Minerals Wednesday said it has made further investments totaling USD450,000 in Bacanora Minerals Limited in Mexico.
The rare metals and minerals projects investment company said it is looking to gain exposure to Bacanora's 100% owned La Ventana Lithium Project and their 100% owned Magdalena Borate Project in Mexico.
The company has a joint venture interest with Bacanora in the Fleur-El Sauz Lithium Project in northern Mexico where the first hole of a scheduled 24 hole drilling test has began expanding the resource space.
Rare Earth Minerals shares were down 2.5% to 0.736 pence Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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