Bacanora Lithium PLC BCLMF

Shard Capital article today

[Bluebirds]

*** denotes my addition. https://www.proactiveinvestors.co.uk/columns/shard-market-eye/16606/shard-market-eye-rightster-and-rare-earth-minerals--16606.html Rare Earth Minerals (LON:REM) and Bacanora Minerals (CVE:BCN) Another story that we have been following closely is Rare Earth Minerals. The company has been incredibly liquid, trading 218mln shares daily (30 day average), displaying just how much investor interest there is in its Mexican Lithium project. The shares have rallied and the company, chaired by David Lenigas, has upped its stake in Bacanora to 11.85%. This gives a combined exposure in the Fleur-El Sauz licence of 38.29%. The market has reacted well to this news flow and the market cap of Rare Earth now sits at circa £90mln. (***almost £100mln at close of business Friday***) Bacanora is a currently listed on the TSX and holds a 70% direct interest in the Fleur-El Suaz licence, and has market cap of £38mln. Both companies have other projects, but the Mexican lithium opportunity certainly seems to be the focus at the moment. Although they have risen recently they have not enjoyed the liquidity that Rare Earth minerals has. Bacanora is looking to list on AIM and put out an RNS to that effect and intends to raise £ 4.75mln at 33p a share. If the Rare earth minerals followers see value at 1.6p (*** 1.8p at close of business Friday***)and do their maths on Bacanora’s interests…then Bacanora should see strong interest if it comes to AIM.