Namibia Rare Earths Inc. announced that, it has entered into an agreement to acquire a portfolio of critical metal properties from Gecko Namibia (Pty) Ltd. in consideration for the issuance of 64,000,000 common shares of Namibia Rare Earths. Following the closing of the acquisition, Gecko Namibia will nominate two members to the five-member board of Namibia Rare Earths with Gerald McConnell remaining as Chair. Pine van Wyk will be appointed Chief Executive Officer of Namibia Rare Earths based in Namibia and Donald Burton will remain as President.
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