Last C$0.20 CAD
Change Today -0.005 / -2.50%
Volume 4.5K
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As of 3:26 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

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namibia rare earths inc (NRE) Details

Namibia Rare Earths Inc. is engaged in the exploration and development of rare earth properties in Namibia. It primarily holds a 100% interest in the Lofdal Rare Earths Project covering an area of approximately 573 square kilometers in north western Namibia. The company was incorporated in 2010 and is headquartered in Halifax, Canada.

5 Employees
Last Reported Date: 02/20/14
Founded in 2010

namibia rare earths inc (NRE) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$385.0K
President and Member of Disclosure Policy Com...
Total Annual Compensation: C$229.7K
Chief Financial Officer
Total Annual Compensation: C$44.2K
Compensation as of Fiscal Year 2013.

namibia rare earths inc (NRE) Key Developments

Richard Surratt Joins Namibia Rare Earths as Vice President Corporate Development and Strategic Initiatives

Namibia Rare Earths Inc. reported 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 positions with various public and private companies over the last 25 years including with Mobil Corporation in the roles of Director, Major Transactions Group; Treasurer, Latin America; Senior Associate-Global Capital Markets; and Senior Financial Analyst.

Namibia Rare Earths Inc. - Special Call

To discuss the results of the NI 43-101 compliant Preliminary Economic Assessment on the Lofdal Rare Earths Project, Namibia

Namibia Rare Earths Inc. Reports the Positive Results of the NI 43-101 Compliant Preliminary Economic Assessment on the Lofdal Rare Earths Project

Namibia Rare Earths Inc. reported the positive results of the NI 43-101 compliant Preliminary Economic Assessment on the Lofdal Rare Earths Project, Namibia ("the PEA") which confirms the technical and economic potential of the Lofdal Heavy Rare Earth Project ("Project") in northwestern Namibia. The PEA concludes that the Project currently has the potential to produce an average of 1,500 tonnes per annum of separated rare earth oxides ("REO") which would generate after tax cumulative cash flow of $257 million with a net present value(10%) ("NPV") of $147 million and an internal rate of return ("IRR") of 43%. 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 ("PFS") program. The PEA utilized the initial 43-101 compliant mineral resources for the Area 4 deposit at a cut-off grade of 0.1% total rare earth oxides ("TREO") which provides 2.88 Mt of Indicated mineral resources yielding 9,230 t of REO, of which 7,050 t are estimated to be Heavy Rare Earth oxides ("HREO") and 3.28 Mt of Inferred mineral resources yielding 8,970 t of REO, of which 6,700 t are estimated to be HREO. These REO and HREO tonnages are rounded to the nearest 10 t but are shown as originally calculated in Table 3. The remainder of the REO is made up of Light Rare Earth oxides.


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