Namibia Rare Earths shareholders voted in favour of all items of business before the Annual and Special Meeting of the Shareholders held in Halifax, Nova Scotia.
Namibia Rare Earths shareholders voted in favour of the resolution to change the name of the company to Namibia Critical Metals.
Shareholders holding 80.83% of the shares of the company eligible to vote were present in person or by proxy at the meeting.
Namibia Rare Earths expects to commence trading under the symbol “NMI” and operating under the new name, in the next two weeks.
The Namibia Rare Earths Board believes the new name more accurately reflects the recently expanded commodity base from solely rare earths to include a variety of highly critical commodities including cobalt, copper, vanadium, zinc, lithium, graphite, tantalum, niobium, nickel and gold.
Namibia Rare Earths recently acquired a portfolio of projects from Gecko Namibia which diversifies interests into cobalt, graphite, lithium, tantalum, niobium, vanadium, gold and associated base metals.
The project pipeline now spans the spectrum from near-term discovery potential to preliminary economic assessment.
All projects are located in Namibia, a stable mining jurisdiction in southern Africa.
This diversification provides the company with considerable flexibility in targeting those commodities which can maximize shareholder value.