Namibia Rare Earths Inc. announced that Kalidas Madhavpeddi and Bill Koutsouras have stepped down as directors of the Company effective from Nov. 30, 2016, the company's yearend. Both Mr. Madhavpeddi and Mr. Koutsouras have served on the Board since the Company listed and have made significant contributions to the milestones achieved, taking the project from discovery through to the filing of an application for a mining permit.

The company also announced that Gerald McConnell has resigned as chief executive officer of the company and has assumed the role of Chair of the Board from Mr. Madhavpeddi. Donald Burton remains the president of the company.