Capital costs of US$156M for 2,500 tpd open pit mine Annual production of 1,500 t REO over 7 year LOM After tax cumulative cash flow of US$257M After tax NPV10% of US$147M After tax IRR of 43% with payback in 1.7 years Recommended to move to prefeasibility stage and extend LOM HALIFAX, Oct. 1, 2014 /CNW/ - Namibia Rare Earths Inc[...]
Namibia Rare Earths is pleased to announce that the shareholders voted in favour of all items of business before the Annual and Special Meeting of the Shareholders held in Halifax, Nova Scotia today. Shareholders holding 57.88% of the outstanding shares of the Company were present in person or by proxy at the meeting. Election of Directors The [...]
MDM Engineering of South Africa engaged to complete preliminary economic assessment on Area 4 at Lofdal Cutfield Freeman retained as financial advisor to explore strategic options for Lofdal HALIFAX, May 21, 2014 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) (OTCQX: NMREF) is pleased to report that it [...]
Optimization on high grade sample reaches 20% TREO Calibration tests confirm potential of XRT sorting to achieve 50% mass reduction with 85-90% recovery of rare earths Characterization studies confirm amenability of low grade sample to magnetic separation and leaching with additional optimization on flotation at Mintek and Nagrom Five [...]
HALIFAX, July 2, 2013 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) (OTCQX: NMREF) is pleased to announce that William L. Price has joined the Board of Directors of Namibia Rare Earths.William L. Price is the former Chairman and Global Chief Investment Officer of Dresdner RCM Global Investors and CIO for [...]
Namibia Rare Earths is pleased to announce that the shareholders voted in favour of all items of business before the Annual and Special Meeting of the Shareholders held in Halifax, Nova Scotia today. Shareholders holding 72.71% of the outstanding shares of the Company were present in person or by proxy at the meeting.Election of DirectorsThe [...]
HALIFAX, April 30, 2013 /CNW/ - William L. Price, of Atherton, California, announced today that he acquired, by way of a private agreement, a total of 3 million common shares ("Common Shares") of Namibia Rare Earths Inc. ("Company") at a price of approximately US$0.177 per Common Share. Following the acquisition, Mr. Price has ownership [...]
William E. Oberndorf, Prof John G (Jack) McDonald and William L. Price acquire a 38% interest in Namibia Rare Earths HALIFAX, April 30, 2013 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) (OTCQX: NMREF) is pleased to announce that William E. Oberndorf, Prof John G (Jack) McDonald and William L. Price have [...]
Mintek confirms amenability of Lofdal (Area 4 deposit) to produce xenotime mineral concentrates with removal of thoriumUn-optimized concentrate grades of 8-10% TREO with 94-96% heavy rare earth enrichment Tomra Sorting confirms efficiency of XRT sorting which can potentially double grade of run-of-mine (50% mass reduction) Beneficiation flow sheet [...]
Namibia Rare Earths is pleased to report that two new mineralized zones have been intersected by exploration drilling in Area 6, and one new zone in Area 5 at the Company's Lofdal Rare Earth Project in northwestern Namibia. This brings the total number of discoveries at Lofdal to 17 over a two year period, one of which has been drilled into a [...]
Namibia Rare Earths is pleased to report that results have been received from three deep exploration holes down-dip of the initial 43-101 resource estimate announced on September 19, 2012 on the Lofdal Rare Earth Project in northwestern Namibia. The initial 43-101 resource was reported to a maximum vertical depth of 150 meters. The deepest [...]
Namibia Rare Earths is pleased to announce that its common shares commenced trading today in the United States on the OTCQX International under the ticker symbol NMREF. The OTCQX is a highly visible electronic trading venue in the U.S. and the International tier is designed for non-U.S. companies listed on qualified international stock exchanges [...]
