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2RE On Other Exchanges
As of 8:35 AM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

rare earth minerals ltd (2RE) Snapshot

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04/8/15 - €0.02
52 Week Low
03/17/15 - €0.0070
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rare earth minerals ltd (2RE) Details

Rare Earth Minerals plc acquires, explores for, and develops rare earth minerals, and/or metals projects and assets. It primarily holds 41.49% interest in the Sonora Lithium project, which include the La Ventana, Megalit, and El Sauz/Fleur group of concessions covering 94,186 hectares located in Mexico; and 30% interest in the Yangibana Rare Earth project located in Australia. The company was formerly known as Zest Group plc and changed its name to Rare Earth Minerals plc in November 2010. Rare Earth Minerals plc was incorporated in 2004 and is based in London, the United Kingdom.

3 Employees
Last Reported Date: 06/26/15
Founded in 2004

rare earth minerals ltd (2RE) Top Compensated Officers

Executive Chairman, Member of Remuneration Co...
Total Annual Compensation: 180.0K GBP
Finance Director, Company Secretary, Executiv...
Total Annual Compensation: 180.0K GBP
Compensation as of Fiscal Year 2014.

rare earth minerals ltd (2RE) Key Developments

Rare Earth Mineral plc Announces an Update to the Drilling Campaign Currently Being Carried Out at Its 100% Owned Cinovec Lithium-Tin-Tungsten Project in the Czech Republic

Rare Earth Mineral Plc announced an update to the drilling campaign currently being carried out at its 100% owned Cinovec Lithium-Tin-Tungsten Project (Cinovec) in the Czech Republic. Highlights include: Drillhole PSn06 completed at Cinovec to a depth of 401.5m; Results expected in mid-November; Drilling will underpin conversion of Inferred to Indicated Resources and provide material for additional metallurgical testing; Cinovec is one of the large lithium deposits in the European Union, with a defined Inferred Resource of 514.8Mt @ 0.43% Li2O for 5.5Mt lithium carbonate equivalent ("LCE") and an additional Exploration Target of 350-450Mt @ 0.39-0.47% Li2O for 3.4-5.3Mt LCE; Previous drilling by the Company at Cinovec has returned intercepts of: 108.9m @ 0.52% Li2O, 0.16% Sn, 0.04% W (CIS-3) from 173m, 185.15m @ 0.44% Li2O, 0.07% Sn, 0.02% W (CIS-2) from 187.45m. 109.6m @ 0.43% Li2O, 0.06% Sn, 0.02% W (CIS-1) from 171m; Historic drilling at Cinovec returned intercepts including: 202m @ 0.62% Li2O (CN-17) from 22m, 223m @ 0.52% Li2O (CN-81) from 1m, 187m @ 0.51% Li2O (CS-1) from 227m.

Rare Earth Minerals plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended 30 June 2015

Rare Earth Minerals plc reported unaudited consolidated earnings results for the six months ended 30 June 2015. For the period, the company reported operating loss of £1,000,000 against £641,000 a year ago. Loss before taxation was £1,217,000 against £191,000 a year ago. Loss attributable to the equity holders of the company was £1,217,000 against £191,000 a year ago. Basic & diluted loss per share was 0.02 pence against 0.004 pence a year ago. Net cash outflow from operating activities was £779,000 against £958,000 a year ago. Investment in exploration was £9,000.

Rare Earth Minerals plc Announces Sonora Drilling Results and Accelerated Drilling Programme

Rare Earth Minerals plc announced the mobilization of a second drilling rig to site and also provides an update on the drilling programme currently being undertaken as part of the pre-feasibility study at the Sonora Lithium Project in Mexico. A total of nine holes (totaling 1,850 metres) have been completed of the currently planned 18 hole drilling programme (approximately 4,000 metres). As a result of the company's recent agreement with Tesla Motors, a second rig has been mobilized to site to increase the speed of drilling, with the intention to complete the remaining holes in September 2015.


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