HALIFAX, May 3, 2017 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX:NRE) is pleased to announce it has closed its non-brokered private placement announced on April 7, 2017. The private placement financing resulted in the issuance of 5,875,000 common shares at a price of $0.07 per share for gross proceeds of $411,250 [...]
HALIFAX, April 7, 2017 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) is pleased to announce it intends to issue, by way of non-brokered private placement, up to 7,142,857 common shares at a price of $0.07 per share for gross proceeds of up to $500,000 ("Private Placement"). Net proceeds of the Private [...]
TORONTO, Dec. 15, 2016 /CNW/ - DELISTING REVIEW Namibia Rare Earths Inc. (the "Company") – TSX is reviewing the common shares (Symbol: NRE) of the Company with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process [...]
HALIFAX, Nov. 30, 2016 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) announced today that it has filed an application with the Ministry of Mines and Energy for a mining licence for its Lofdal heavy rare earth project in Namibia. Following the release of the Preliminary Economic Assessment ("PEA") on November [...]
Namibia Rare Earths is pleased to announce that the shareholders voted in favour of all items of business before the Annual Meeting of the Shareholders held in Halifax, Nova Scotia today. Shareholders holding 70.27% of the outstanding shares of the Company were present in person or by proxy at the meeting. Election of Directors The nominees for [...]
HALIFAX, Dec. 15, 2015 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) announced today that its Chief Executive Officer, Gerald J. McConnell, had acquired an additional 6,934,000 shares (9%) of the Company pursuant to a private share purchase agreement. Mr. McConnell now holds 9,044,000 shares representing 11.6 [...]
In accordance with National Instrument 62-103, Gerald J. McConnell, CEO of Namibia Rare Earths, announced today that he acquired, by way of a private agreement, a total of 6,934,000 common shares of Namibia Rare Earths at a price of approximately CDN$0.0357 per Common Share. Following the acquisition, Mr. McConnell has ownership and/or control [...]
HALIFAX, July 13, 2015 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX:NRE) (OTCQX:NMREF) is pleased to provide the following update on the Lofdal Heavy Rare Earth Project in Namibia. Following the release of the Preliminary Economic Assessment ("PEA") on November 14, 2014 the Company has focused its operations in [...]
Namibia Rare Earths is pleased to announce that the shareholders voted in favour of all items of business before the Annual Meeting of the Shareholders held in Halifax, Nova Scotia today. Shareholders holding 73.56% of the outstanding shares of the Company were present in person or by proxy at the meeting. Election of Directors The nominees for [...]
HALIFAX, Dec. 1, 2014 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) (OTCQX: NMREF) is pleased to announce that the Ministry of Mines for the country of Namibia has exercised its discretion to renew the Lofdal rare earths Exclusive Prospecting Licence 3400 for a further two year period. The Company recently [...]
Capital costs of US$163M 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$259M After tax NPV10% of US$148M After tax IRR of 42% with payback in 1.7 years Recommended to move to prefeasibility stage and extend LOM HALIFAX, Nov. 14, 2014 /CNW/ - Namibia Rare Earths Inc. ("Namibia [...]
HALIFAX, Oct. 6, 2014 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX:NRE) (OTCQX:NMREF) is pleased to report that Richard Surratt has joined the senior management team at Namibia Rare Earths in the role of Vice President Corporate Development and Strategic Initiatives. Mr. Surratt has held senior management [...]
