Namibia Rare Earths Inc. (TSX:NRE,OTCQX:NMREF) announced that it has started a preliminary economic assessment (PEA) on the Area 4 heavy rare earths deposit at its Lofdal asset, located in Northwestern Namibia.
Namibia Rare Earths Inc. (TSX:NRE,OTCQX:NMREF) announced that it has started a preliminary economic assessment (PEA) on the Area 4 heavy rare earths deposit at its Lofdal asset, located in Northwestern Namibia.
The company also said it has engaged Cutfield Freeman & Co. Ltd. as a financial advisor in order to explore strategic options and maximize shareholder value.
As quoted in the press release:
MDM Engineering of South Africa has been engaged as the principal consultant for the report which will provide an economic analysis of the potential viability of the current resources at Lofdal. Ongoing metallurgical test work has achieved increased recoveries and upgrades, indicating that the targeted mineral concentrate grade of 20% total rare earth oxides (‘TREO’) can be attained from low grade feed of 0.3% TREO. Lofdal represents a unique opportunity for the development of a significant heavy rare earth supply outside of China.
Click here to read the full Namibia Rare Earths Inc. (TSX:NRE,OTCQX:NMREF) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1827.54 | +0.47 | |
Silver | 21.15 | +0.03 | |
Copper | 3.74 | 0.00 | |
Palladium | 1879.51 | +6.50 | |
Platinum | 911.26 | +4.32 | |
Oil | 107.06 | +2.79 | |
Heating Oil | 4.24 | +0.02 | |
Natural Gas | 6.17 | -0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â