Initiation: Lithium’s magnetic attraction
Rare Earth Minerals (REM) aspires to be the go-to lithium and rare earths investment company on the London Stock Exchange. Its strategy is to develop a global portfolio of exploration and producing assets through direct and indirect investments. To this end it has acquired stakes in strategically located Northern American lithium projects. Its main investment is the Sonora Lithium Project in Northern Mexico, in which it holds a 40.06% effective interest, with the remainder owned by Bacanora Minerals. Lithium demand growth is driven mainly by electrical vehicle lithium-ion battery use, exemplified by Tesla Motors’ intention to build the world’s largest lithium-ion battery factory in Nevada.Cadence Minerals is engaged in identification, investment and development of Lithium and rare earth assets. Co. is also exploring other mining related opportunities.
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