Company Overview

Namibia Rare Earths Inc. (TSX:NRE) is a Canadian public company listed on the Toronto Stock Exchange which is focused on the accelerated development of its 100% held Lofdal Rare Earth Project in Namibia.

Lofdal is an early stage, district scale exploration project. The permit area covers 420 kmē and within this area geologists have discovered widespread rare earth mineralization in a carbonatite complex which covers over 200 kmē. The property has demonstrated a potential for the discovery of multiple rare earth deposits with a unique opportunity for the discovery of deposits that are exceptionally enriched with heavy rare earths.

In April 2011, the Company completed a CDN $28.75 million initial public offering and listing on the Toronto Stock Exchange. Exploration drilling was completed on a number of planned targets within a 50 kmē portion of the Lofdal carbonatite complex.The most prospective target from this program was Area 4, which was selected for more detailed drilling to develop the initial National Instrument 43-101 compliant resource, which was released in September 2012. In October 2014, the Company announced the results of the preliminary economic assessment on the Area 4 of Lofdal which concluded that the Lofdal Project currently has the potential to produce an average of 1,500 tonnes per annum of separated rare earth oxides which would generate after tax cumulative cash flow of US$259M with a net present value10% of US$148M and an internal rate of return of 42%. The PEA indicates that there is considerable potential to expand the current mineral resource and recommends that additional drilling be carried out to provide for an extended mine life in conjunction with a six month prefeasibility study program.  

At a Glance

Listing: Toronto Stock Exchange ("NRE”) and OTCQX ("NMREF")
Head Office: Halifax, Nova Scotia
Corporate Head Office: Suite 306, Royal Bank Building
1597 Bedford Highway
Halifax, NS B4A 1E7
Phone: +01.902.835.8760
Fax: +01.902.835-8761
Email: info@NamibiaREE.com
Namibian Office: Namibia Rare Earths (Pty) Limited
828 Dalton Street, Southern Industrial
P.O. Box 31694
Windhoek, Namibia 9000
Legal Counsel: McInnes Cooper
Auditor: Deloitte LLP
Transfer Agent: Computershare Trust Company

ADDRESS

Suite 306, Royal Bank Building
1597 Bedford Highway
Bedford, NS B4A 1E7

Phone: +01.902.835.8760
Fax: +01.902.835-8761

Email: info@NamibiaREE.com
Webpage: www.NamibiaRareEarths.com

LATEST NEWS

MAY 3, 2017
Namibia Rare Earths Closes Private Placement
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APRIL 7, 2017
Namibia Rare Earths Announces Private Placement
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NOVEMBER 30, 2016
Namibia Rare Earths Files Mining Licence Application for its Lofdal Rare Earths Project
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UPCOMING EVENTS