This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rare Earth Prices Unlikely To Replicate 2003 Decline

It also states that a total of 13 samples were analyzed for the complete range of REEs and that the exploration program's results confirm that the property has high levels of HREEs as well as a high ratio of critical rare earth elements.

At its Lofdal rare earth project in Northwestern Namibia, Namibia Rare Earths (TSX:NRE,OTCQX:NMREF) intersected two new mineralized zones in Area 6 and one new zone in Area 5.

That brings the total number of discoveries at Lofdal — one of which has been drilled into a 43-101 compliant resource — to 17 over a two-year period, according to a press release. Rare earth mineralization occurs in these new zones over very broad widths grading 0.2 to 0.7 percent total rare earth oxide with moderate levels of HREE enrichment (10 to 25 percent).

Namibia Rare Earths' president, Don Burton, confirmed that Area 6 continues to provide encouraging results over a very large area, noting that while its mineralized zones have lower rare earth enrichment than those seen in Area 4, Area 6 is still a heavily enriched zone with the potential for much higher tonnage.

 

Securities Disclosure: I, Adam Currie, hold no direct investment interest in any company mentioned in this article.

Related reading: 

Overview of Molycorp Californian Rare Earth Deposit

Rare Earth Prices Unlikely to Replicate 2003 Decline from Rare Earth Investing News

null
4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs