Bannerman buys stake in Namibian rare earth play

LONG time uranium contender Bannerman Resources has made an interesting foray into the rare earths sector by acquiring a 41.8% shareholding in TSX-V listed company Namibia Critical Metals (NMI) for A$7.24 million cash and 8.46 million shares.

Bannerman buys stake in Namibian rare earth play Bannerman buys stake in Namibian rare earth play Bannerman buys stake in Namibian rare earth play Bannerman buys stake in Namibian rare earth play Bannerman buys stake in Namibian rare earth play

Bannerman knows the lay of the land in Namibia

NMI's core asset is the "advanced, fully permitted" Lofdal heavy rare earths project in Namibia, with Japanese company JOGMEC able to earn a 50% stake in the project by funding C$20 million of