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Namibia Rare Earths Inc. Completes Acquisition of Critical Metal Properties and Closes Private Placement - Cobalt is First Priority
Namibia Rare Earths Inc. Completes Acquisition of Critical Metal Properties and Closes Pri...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"\n\n\n\nNamibia Rare Earths Inc. Completes Acquisition of Critical Metal Properties and Closes Private Placement - Cobalt is First Priority\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Feb. 21, 2018\n\n\n\n\nCloses transaction with Gecko Namibia (Pty) Ltd. to acquire a majority interest in seven projects with concurrent $550,000 private placement\nDiversifies Namibia Rare Earths Inc.'s single commodity focus from heavy rare earths on the Lofdal project into a broader portfolio of critical metals crucial for the electric vehicle industry including cobalt, lithium, graphite, tantalum, niobium, and gold\nFirst priority given to cobalt exploration program at Kunene in northern Namibia \nShares to recommence trading on the TSXV\n\n\nHALIFAX, Feb. 21, 2018 /CNW/ - Namibia Rare Earths Inc. (\"Namibia Rare Earths\" or the \"Company\") (TSXV: NRE) today announced it had completed the acquisition of a portfolio of critical metal properties (the \"Properties\") from Gecko Namibia (Pty) Ltd. (\"Gecko Namibia\") in consideration for the issuance of 64,000,000 common shares of Namibia Rare Earths (\"Property Acquisition\"). The Company also announced that it had closed a $550,000 private placement (\"Private Placement\"). Both of these transactions were announced in the Company's press release of November 10, 2017. The shares of the Company are expected to recommence trading on the TSXV today.\n\n\n \n \n\n \nThis transaction provides Namibia Rare Earths with a highly prospective, diversified portfolio of critical metals and at the same time has se...