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Rare Earth seeks Bacanora marriage
Lithium miner Bacanora Minerals (BCN:AIM) has rejected a merger proposal from Rare Earth Minerals (REM:AIM) on valuation and corporate disruption grounds. We doubt the two firms will walk down the aisle as their corporate cultures seem vastly different. Bacanora wants to build a proper mining business; its admirer seems more like someone wanting to drive a quick sale.