Last checked at 10 Dec 2015 07:43
Rare Earth Minerals Plc.
("Rare Earth Minerals", "REM" or "the Company")
EMH Admission to AIM
European Metal Holdings Limited ("European Metals"), in which REM owns a direct 11.87% shareholding, has today admitted its entire existing ordinary share capital to trading on the AIM market of the London Stock Exchange. The ticker will be EMH.
European Metals will retain its listing on the Australian Securities Exchange (ASX).
In addition, Kiran Morzaria REM's CEO, has today joined the board of European Metals, as a non-executive director.
David Lenigas, Rare Earth Minerals Plc Executive Chairman, commented;
"European Metals Holding controls the substantial and historic Cinovec Lithium/Tin Project in the Czech Republic which, although it is not currently producing, was one of the first mines in the world to commercially produce lithium carbonate. It is a substantial JORC compliance lithium resource in the EU and is located only 2 kilometres from the German border. Germany is the automotive hub of Europe and REM sees this project as being strategic for the ever growing global demand for lithium. It is only appropriate EMH should be listed in London."
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For further information, please contact:
Rare Earth Minerals plc +44 (0) 207 440 0647
David Lenigas
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce
Mark Leonard
Square1 Consulting +44 (0) 207 929 5599
David Bick
Brian Alexander