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Rare Earth Minerals Says Macarthur Stakes Claims Over Further Acreage

Mon, 07th Nov 2016 12:07

LONDON (Alliance News) - Rare Earth Minerals PLC said Monday that Macarthur Minerals Ltd, in which it has a 16.6% stake, has completed staking an additional 360 claims over acreage surrounding its Stonewall Lithium project.

Macarthur has completed staking an additional 360 claims covering around 6,975 acres, or 28.22 square kilometers, surrounding the project in the Lida Valley, Nevada.

It has done so because of the lithium prospectivity of the Lida Valley, indicated by the surface grades returned from an initial drilling programme of up to 145.5 parts per million lithium.

Shares in Rare Earth Minerals were down 3.4% at 0.546 pence Monday afternoon.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

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(ShareCast News) - Battery grade lithium carbonate has been produced from Rare Earth Minerals' part-owned Cinovec lithium project in the Czech Republic. The explorer reported that more than 99.5% of pure lithium carbonate has been manufactured from mica-concentrate using a sodium sulphate roast-b

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13 Dec 2016 08:28

European Metals Produces Battery-Grade Lithium Carbonate From Cinovec

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16 Nov 2016 14:12

Rare Earth Minerals posts positive drilling results from Cinovec

(ShareCast News) - Rare Earth Minerals reported the analytical results for the confirmation drill holes CIW-13, CIW-14 and CIW-18 at the Cinovec Lithium-Tin-Tungsten Project on Wednesday. The AIM-traded company holds a 17.64% economic interest in the project, increasing to 20.84% following its annua

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8 Nov 2016 16:40

Rare Earth Minerals upbeat on latest Cinovec drilling results

(ShareCast News) - Rare Earth Minerals reported the analytical results for a further two drill holes CIW-07 and CIW-08 at the Cinovec Lithium-Tin-Tungsten Project on Tuesday. The AIM-traded firm currently holds a 17.64% economic interest in the project through its direct equity stake in European Met

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3 Nov 2016 10:43

Rare Earth Issues Shares To Settle USD500,000 Loan Note Conversion (ALLISS)

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1 Nov 2016 12:59

Rare Earth Minerals granted further licenses at Czech mine

(ShareCast News) - AIM-listed miner Rare Earth Minerals has been granted further licenses for its Cinovec lithium tin project in the Czech Republic. Chief executive Kiran Morzaria said: "The granting of these licenses has secured 100% of the known mineralisation of the Cinovec ore body and adjacent

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21 Oct 2016 13:44

Rare Earth Minerals investment locates lithium

(ShareCast News) - Rare Earth Minerals reported on Friday that one of its investments, Macarthur Minerals, has located lithium in Nevada in the basin adjacent to Clayton Valley with surface grades up to 145.5 ppm lithium. The AIM-traded firm owns a 15.5% shareholding in Macarthur Minerals. TSX-list

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6 Oct 2016 14:54

Rare Earth Minerals shares fall on Cinovec drilling results

(ShareCast News) - Rare Earth Minerals reported on Thursday that European Metals Holdings, in which it owns a 20.92% shareholding, has announced analytical results for two confirmation drill holes CIW-19 and CIW-20 at the Cinovec Lithium-Tin-Tungsten Project. The AIM-traded firm said the two drill h

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Rare Earth Minerals increases stake in Bacanora Minerals by £4.5m

(ShareCast News) - Rare Earth Minerals, an investment company which focuses on lithium and rare element deposits, increased its stake in Bacanora Minerals to 19.8% with an 'on market' deal worth £4.5m. The AIM listed company agreed to buy a further 4.5m shares in the Mexican lithium miner for £4.5m,

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