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Namibia Rare Earths Inc. Provides Update on Agreement to Acquire Portfolio of Critical Metal Properties in Namibia and $550,000 Private Placement
Namibia Rare Earths Inc. Provides Update on Agreement to Acquire Portfolio of Critical Met...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"\n\n\n\nNamibia Rare Earths Inc. Provides Update on Agreement to Acquire Portfolio of Critical Metal Properties in Namibia and $550,000 Private Placement\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-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 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, Jan. 8, 2018\n\n\n\n\nAgreement with Gecko Namibia (Pty) Ltd (\"Gecko Namibia\") to acquire a majority interest in seven projects ranging from exploration opportunities to near term feasibility stage\nDiversifies Namibia Rare Earths Inc.'s single commodity focus from heavy rare earths on the Lofdal project into a broader portfolio of critical metals and minerals crucial for electric vehicle industry including cobalt, lithium, graphite, tantalum, niobium, and gold\nInitial focus will be on cobalt project following discovery of stratabound cobalt-copper mineralization on neighboring license in northern Namibia\nStrategic partnership formed with mineral development and mining group, Gecko Namibia, strengthens operational capacities for mineral processing and mine development\nPine van Wyk (NHD Met. Eng. B.Com, MBA), Managing Director of Gecko Namibia, will be appointed CEO of Namibia Rare Earths Inc.\nGecko Namibia and Gerald McConnell, Chair of the Board of Namibia Rare Earths Inc., to complete CDN$550,000 private placement\n\n\nHALIFAX, Jan. 8, 2018 /CNW/ - Namibia Rare Earths Inc. (\"Namibia Rare Earths\" or the \"Company\") (TSXV: NRE) today provided an update on its progress towards completing the acquisition of a portfolio of critical metal properties (the \"Properties\") from Gecko Namibia (Pty) Ltd. (\"Gecko Namibia\") in consideratio...