Last 1.36 GBp
Change Today +0.095 / 7.51%
Volume 139.5M
REM On Other Exchanges
Symbol
Exchange
Stuttgart
OTC US
As of 12:10 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

rare earth minerals ltd (REM) Snapshot

Open
1.32 GBp
Previous Close
1.26 GBp
Day High
1.40 GBp
Day Low
1.30 GBp
52 Week High
07/25/14 - 2.06 GBp
52 Week Low
04/22/14 - 0.40 GBp
Market Cap
77.9M
Average Volume 10 Days
166.3M
EPS TTM
--
Shares Outstanding
5.7B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RARE EARTH MINERALS LTD (REM)

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rare earth minerals ltd (REM) Details

Rare Earth Minerals plc acquires, explores for, and develops rare earth minerals, and or metals projects and assets. The company primarily owns a 30% interest in the Fleur – El Sauz lithium project that covers an area of approximately 34 square kilometers in Mexico. It also holds interest in various projects located in Greenland and Western 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 is based in London, the United Kingdom.

3 Employees
Last Reported Date: 03/14/14

rare earth minerals ltd (REM) Top Compensated Officers

Executive Chairman, Member of Remuneration Co...
Total Annual Compensation: 92.0K GBP
Finance Director, Secretary, Executive Direct...
Total Annual Compensation: 60.0K GBP
Compensation as of Fiscal Year 2013.

rare earth minerals ltd (REM) Key Developments

Rare Earth Minerals plc Provides Operational Update on New Discovery of REE on Greenland Licences

Rare Earth Minerals Plc announced that the analysis of samples taken during the recent exploration programme on its 100% owned Greenland exploration licenses has identified a new discovery of Rare Earth Elements in southern Greenland near Narsarsuaq. Highlights: 16 samples were re-submitted for full suite of REE analyses with results exceeding the Company's expectations. 5 of 16 samples exceeded 7,000 ppm Total Rare Earth Oxides with a further two exceeding 2,000 ppm TREO, with the high value being 18,179 ppm (1.82%). These results included three significant neodymium oxide (Nd2O3) assays which contained 2,928 ppm of Nd2O3. Samples were taken from the target area which previously reported mineralised samples of zinc, manganese, silver and gold. Exploration on REM's 100% owned 2012/14 licence, which straddles the contact of the Julianehåb Granite and the Eriksfjord Sandstone, initially showed anomalous zinc in pan concentrates to 1,580 ppm Zn. Lithological sampling in the Eriksfjord Sandstone located samples to 0.38% Zn in float, results that indicated more work was required in the area. Follow up sampling located significant gold anomalism in veined sandstone with a sample grading 2.59g/t Au and anomalous silver in some of the lithological samples (1.2-6.2 ppm Ag). Samples taken in the area known to contain mineralisation of up to 0.3% Zn and 2% manganese, returned REE results that were above the detection limit of 500 ppm for Cerium and Niobium, as a result 16 samples were resubmitted for a full suite of REE analysis. The company reported on the analytical results of these 16 samples. Five samples exceeded 7,000 ppm of TREO with the high being 18,179 ppm TREO. Three samples, one at 9,240 ppm TREO, the second at 9,148 ppm TREO and the third at 18,179 ppm contained Nd2O3 of 1,540 ppm, 1,446 ppm and 2,928 ppm respectively.

Rare Earth Minerals Provides Encouraging Exploration Update and Assay Results from Greenland

Rare Earth Minerals provided an encouraging exploration update and assay results from its 100% owned Greenland exploration licenses. These results have identified the presence of previously unidentified gold, silver, REE (rare earth element) and other mineralisation located in several areas. Sampling of an exploration target in the 2012/14 exploration license has identified up to 3.59g/t Au, 0.38% Zn, 6.2 ppm Ag and 2% manganese. Assays of an outcrop of massive sulphide identified in the northern part of the 2012/15 license returned 5.03 ppm of Ag. Exploration on the 2012/14 licence that straddles the contact of the Julianehåb Granite and the Eriksfjord Sandstone, initially showed anomalous zinc in pan concentrates to 1,580 ppm Zn. Lithological sampling in the Eriksfjord Sandstone located samples to 0.38% Zn in float, results that indicated more work was required in the area. Follow up sampling located significant gold anomalism in veined sandstone with a sample grading 2.59g/t Au. Anomalous silver in some of the lithological samples (1.2-6.2 ppm Ag) will also be reviewed in context when all results are received. Samples taken in the area known to contain mineralisation of up to 0.3% Zn and 2% manganese, returned REE results that were above the detection limit of 500ppm for Cerium and Niobium, as a result these samples have been resubmitted for a full suite of REE analysis. During the final days of field operations, an outcrop comprising of massive sulphides was located in the northern part of licence 2012/15. The area is underlain by granite which was intruded by a dyke, a strong structural control was noted with some intense foliation recorded. To the immediate south of the dyke, for approximately 10m, the granitic rocks are intensely quartz veined. Several samples from this outcrop contained gold and silver to 0.1ppm Au and 5.03ppm Ag. A pan concentrate to the north of this area indicates the mineralisation may be more widespread.

Rare Earth Minerals plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Rare Earth Minerals plc reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported loss from operations of £641,000 compared to £275,000 for the same period a year ago. Loss before taxation was £647,000 compared to £323,000 last year. Loss after taxation and loss attributable to the equity holders of the company was £647,000 or 0.01 pence basic and diluted share compared to £323,000 or 0.01 pence basic and diluted share last year. Net cash outflow from operating activities was £958,000 compared to £885,000 last year. Payments for investments in AFS assets were £2,219,000.

 

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