Bullboard - Stock Discussion Forum NAMIBIA RARE EARTHS INC V.NRE

Metals & Mining Industrial Metals & Minerals

"Namibia Rare Earths Inc is engaged in the business of exploration and development of rare earth properties in Namibia. The company holds an interest in the Lofdal Rare Earths Project, which covers an area of more than 400 square kilometers located to the northwest of the town of Khorixas in the Kunene Region of north-western Namibia. It primarily explores for rare and precious metals and... see more

Add To Watchlist

TSXV:NRE - Post Discussion

NAMIBIA RARE EARTHS INC > Namibia Rare Earths mentioned by Chamber of Mines Namibia

View:

Post by rexrex on Mar 15, 2018 12:36pm

Namibia Rare Earths mentioned by Chamber of Mines Namibia

https://www.journalducameroun.com/en/namibia-lithium-cobalt-offer-new-investment-opportunities/

The Chamber of Mines of Namibia on Wednesday said the outlook for the country’s mining industry is positive with several new players targeting a larger array of minerals, which widen opportunities for investment, job creation and broadening of the value chain.“In terms of outlook, we are extremely positive with the recent uptick in commodity prices, especially for base metals and minerals that have recently been coined battery minerals. These include lithium, graphite, rare earths and cobalt, among others,” said Malango.

“The surge in prices for such commodities is being driven by electric vehicles and renewable energy storage technologies. Improving global growth is also driving demand for commodities. The outlook for exploration especially for these minerals is particularly positive as evidenced by the increase in such activity and new projects in 2017” the Namibian official added.

The most notable projects to date were Desert Lion’s lithium project near Karibib in Erongo region, Gecko Opuwo Cobalt project and Namibia Rare Earths projects in Kunene region as well as the Namib Lead and Zinc mine in Erongo near near Swakopmund.

124