HALIFAX, Oct. 6, 2014 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX:NRE) (OTCQX:NMREF) is pleased to report that Richard Surratt has joined the senior management team at Namibia Rare Earths in the role of Vice President Corporate Development and Strategic Initiatives.
Mr. Surratt has held senior management positions with various public and private companies over the last 25 years including with Mobil Corporation in the roles of Director, Major Transactions Group; Treasurer, Latin America; Senior Associate-Global Capital Markets; and Senior Financial Analyst. Mr. Surratt received an M.B.A. from Stanford Graduate School of Business, an M.S. Fluid Mechanics and Thermal Sciences from The George Washington University, and a B.S. Marine Engineering Systems from U.S. Merchant Marine Academy, Kings Point, New York.
Gerald McConnell, Chief Executive Officer of the Company stated:" We are delighted to have Richard join our senior management team. With the recent release of the positive preliminary economic assessment for the Lofdal rare earth project in Namibia, we are now focused on exploring all options for moving this project forward. Richard's business development and corporate finance expertise will be of great assistance as we seek out qualified strategic partners to participate with the Company in the development of the Lofdal asset."
About Namibia Rare Earths Inc.
Namibia Rare Earths Inc. is developing a portfolio of mineral exploration projects in Namibia and is currently focused on the accelerated development of the Lofdal Rare Earths Project in northwestern Namibia. The common shares of Namibia Rare Earths Inc. trade on the Toronto Stock Exchange under the symbol "NRE" and in the United States on the OTCQX International under the symbol "NMREF".
No regulatory authority had approved or disapproved the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of Namibia Rare Earths Inc. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.
SOURCE: Namibia Rare Earths Inc.
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