Emerging rare earth and uranium supply from Namibia

ReeXploration is owner of the Eureka Rare Earths Project in Namibia, one of the most advanced opportunities in the region. Eureka is a monazite-dominant, NdPr-rich deposit targeting magnet-grade material for Western demand growth in one of Africa’s most established and mining-friendly jurisdictions.

Project highlights:

• stablished resource base: A maiden NI 43-101 mineral resource of 310,000 tonnes at 4.8% TREO including 0.7% Nd+Pr oxides from 19 drill holes and 613 m of drilling across Zones 1–3
• favourable mineralogy & low impurities: Mineralization is monazite-hosted in carbonatite – recognised as a favorable feedstock for Western processing due to low impurities and lower radioactivity burdens. Initial metallurgical test-work produced ~59% TREO concentrate at ~65% recovery and very low Th/U (~0.45% Th, ~0.01% U) – aiding permitting and cost
• district-scale upside: The Eureka Dome covers ~13 × 6 km. Exploration to date (soil sampling, trenching, geophysics, drilling) shows shallow, high-quality REE mineralisation and multiple step-out targets

And it’s not just a rare earth play. The company has announced it’s also identified a large-scale uranium target at its Eureka Project. Airborne data defines a 6.5 x 3.5 km zone characterized by high uranium and low thorium responses. The trend lies in the same structural corridor — Namibia’s “Alaskite Alley” — that hosts major uranium deposits, including Rössing, Husab, Etango, Omaholo, and Norasa, which collectively contain more than 1 billion pounds of U₃O₈.

ReeXploration Inc stands out as a leveraged play on both the global rare-earth supply-chain re-orientation and rising uranium demand for the record nuclear energy build out. While major players focus on North America, Australia and Europe, Eureka offers emerging supply from Africa, which adds diversification and jurisdictional balance to the Western strategy.