By Wahida Swaleh
Date: Friday 04 Jul 2014
LONDON (ShareCast) - Rare Earth Minerals (REM) announced it has upped its stake in the Sonora Lithium project in Mexico to 11.85% through further on-market purchasing which now totals around £0.2m.
The exploration group has increased its stake from the previously reported 11.27%.
This interest, when combined with REM's 30% direct interest in the Fleur- El Sauz Lithium Joint venture, results in a total economic interest of around 38.29%.
As of 10:54 the share price had risen 0.46% to 1.08p.
WS
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