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Last €0.04 EUR
Change Today +0.001 / 2.50%
Volume 0.0
7NR On Other Exchanges
As of 2:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

namibia rare earths inc (7NR) Snapshot

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52 Week High
10/24/14 - €0.16
52 Week Low
08/27/15 - €0.04
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namibia rare earths inc (7NR) 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: 02/23/15
Founded in 2010

namibia rare earths inc (7NR) 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$242.1K
Chief Financial Officer
Total Annual Compensation: C$50.1K
Compensation as of Fiscal Year 2014.

namibia rare earths inc (7NR) Key Developments

Namibia Rare Earths Inc. Initiates Environmental Impact Study for Lofdal Heavy Rare Earth Project

Namibia Rare Earths Inc. provided 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 on baseline environmental monitoring in support of the planned Environmental Impact Assessment, continuing metallurgical studies to improve concentrate grades and recoveries, and modest geological field programs to support future drilling to increase mineral resources. From a corporate perspective, the Company continues to evaluate qualified technical or financial partners to advance development of Lofdal through to feasibility and mine development. Management and the Board are cognizant of difficult market conditions and have undertaken steps to minimize administrative costs and overhead to ensure funding to support the approved project activities over the next 12-24 months. The Company has selected SLR Environmental Consulting (Namibia) (Pty) Limited (SLR Namibia) as the lead consulting group for completion of the Environmental Impact Assessment (EIA) by the third quarter 2016. The EIA will be submitted to the Ministry of Environment and Tourism in support of an application to the Ministry of Mines and Energy for a Mining Licence in 2016. Initial baseline environmental reports have already been completed for archaeological, invertebrate, vertebrate and vegetation studies by independent Namibian experts. Baseline monitoring equipment and programs for the collection of all required meteorological and radiometric data have been implemented. A groundwater monitoring program has also been initiated comprising regular sampling of existing farm wells and from planned monitoring holes which will be completed by the end of the July. The EIA will utilize and update these reports and will include a radiological impact assessment to ensure compliance with all relevant regulations and to develop an appropriate Environmental Management Plan (EMP) for the proposed mine development at Lofdal.

Namibia Rare Earths Inc., Annual General Meeting, May 26, 2015

Namibia Rare Earths Inc., Annual General Meeting, May 26, 2015., at 10:00 Atlantic Daylight. Location: the offices of McInnes Cooper, at Purdy's Wharf Tower II. Agenda: To receive the consolidated financial statements of the company for the year ended November 30, 2014, together with the Report of the Auditors thereon; to elect Directors of the company for the forthcoming year; to appoint the Auditors of the company for the forthcoming year and to authorize the Directors to fix the Auditors' remuneration; and to transact such further and other business as may properly come before the Meeting or any adjournment thereof.

Namibia Rare Earths Inc. Auditor Raises 'Going Concern' Doubt

Namibia Rare Earths Inc. filed its Annual on Feb 23, 2015 for the period ending Nov 30, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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