Rare Earth Minerals appoints Kiran Mozaria as CEO

London, UK – Rare Earth Minerals plc (AIM: REM), the rare earth minerals and metals investment company, is pleased to announce that it has appointed Kiran Mozaria as Chief Executive Officer (‘CEO’) and Donald Strang as Finance Director of the Company. Mr Richard Griffiths has also stepped down as a non-executive director of the Company.

David Lenigas, the Company’s Executive Chairman, commented: “The past few months have been a very exciting and positive time for the Company with the exploration success in the Fleur-El Sauz Lithium Project in northern Mexico. With the pace at which we are moving the project forward the board concluded that it is timely to appoint two key executives to manage our development. We are fortunate to have been able to recruit Kiran and Donald, who have a wealth of experience in their respective fields.”

“I would also like to thank Richard Griffiths for his very important contribution to the early stage growth of the Company. I have greatly valued his advice.”

Kiran Morzaria (aged 39) holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School. He has fourteen years of experience in the mineral resource industry. Mr Morzaria spent his first four years in exploration, mining and civil engineering. Mr. Morzaria has been active in IPOs, corporate acquisitions, joint ventures, qualified persons reports, due diligence and debt/equity raisings. He has served as a director of a number of public companies, including Lonrho plc and Vatukoula Gold Mines plc.

Donald Ian George Layman Strang (aged 45) is a member of the Australian Institute of Chartered Accountants and has been in business over 20 years, holding senior financial and management positions in both publicly listed and private enterprises in Australia, Europe and Africa. Mr Strang has considerable corporate and international expertise and over the past decade has focussed on mining and exploration activities. He is currently the Finance Director of Polemos plc, Stellar Resources plc and AfriAg plc and is the Non-Executive chairman of Doriemus plc.

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