Rare Earth CEO steps down as Bacanora Minerals non-exec


Bacanora Minerals Ltd’s (LON:BCN; CVE:BCN) non-executive director, Kiran Morzaria, has stepped down from his position with immediate effect to pursue other business interests.

Morzaria is chief executive at fellow lithium explorer Rare Earth Minerals plc (LON:REM) which holds a 19.8% stake in Bacanora and which had a merger proposal rejected last September.

The company told investors it is looking at candidates with the relevant experience who would complement its board.

Bacanora is currently undertaking a feasibility study at its Sonora lithium carbonate project in Mexico.

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