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Búðará
Búðará flows right through Reyðarfjörður town. In the center of the town, you will find the start of a beautiful hiking trail that runs along the river through the forested riverbank of Búðará. When you come to the War Museum, you can choose whether to walk along with a wooded lookout point along the ridge east of the War Museum or up to Búðarárfoss waterfall.
Grænafell
The haven of Mt. Grænafell by Reyðarfjörður has served as the prime location for local outdoor activities for a number of years. At the top of the mountain, a beautiful lake awaits the visitor and a spectacular gorge carves the landscape beside the fell. A paradise of fine bushes at the foot of the mount completes the icing on the cake. The tiny forest is adorned by planted trees,  brooklets and extensive rocks fragments from the cliff, reminiscent of dwellings from the land of fairy tales. The area has been made easily accessible by marked hiking trails.
Hólmanes
Between Reyðarfjörður and Eskifjörður you can visit the Nature reserve Hólmanes. This is an ideal place to enjoy a good walk either down to the sea or up the hills. Birds and remarkable rock formations can be enjoyed in Hólmanes. With luck, you could stumble upon a herd of reindeers. Powered by Wikiloc
Helgustaðanáma Hiking Trail
The Iceland spar mine in Helgustaðaland can be found on the way from Eskifjörður to Vöðlavík, and a footpath leads to it. Helgustaðanáma is an old Iceland spar mine in the land of Helgustaðir in Eskifjörður, which was protected as a natural monument in 1975. Helgustaðanáma is one of the most famous spar mines in the world, where spar was excavated from the ground from the 17th century until the first half of the 20th century. Most of the Iceland spar in museums around the world comes from the mine at Helgustaðir, but some of the largest and purest specimens of spar in the world were found in Helgustaðanáma. Iceland spar is a particularly clear crystal of the rock calcite, but the rock played a vital role in developing various studies on the properties of light. Today the Iceland spar is protected, and it is strictly forbidden to remove it from Helgustaðanáma.
Geithúsaárgil ravine
Geithúsárgil is a ravine that runs down from the mouth of Sléttudalur under the roots of Grænafell in Reyðarfjörður. The river that flows down the gorge is called Geithúsaá and joins Norðurá when it comes down to the fjord. The gorge is magnificent and spectacular with criss-crossing hammer walls on each side and has been shaped by the Geithúsaá river over the centuries. The river has thus shaped the gorge and still is, but gorges are said to be the characteristics of "young waterfalls".  
Búðará Canyon and Waterfall
A beautiful walking path from the center of Reyðarfjörður. Búðarárfoss can be found above Reyðarfjörður. The waterfall is full of water and falls down Búðarklettar. The river flows down through the center of the urban area of Reyðarfjörður. A pleasant footpath up the Búðarárgil, from the city center up the Búðará river. The route leads i.a. past the Icelandic Wartime Museum. The camp cliffs are very majestic as they are maintained, rock pigeons (Colombia livia) have their abode there, there is also a common raven (Corvus corax) and down in the moor there are quite a lot of stilts (Oenanathe oenanthe), mouse shrike (Troglodytes troglodytes) and snow tit (Plectrophenaxnivalis). Soon after, you come to Búarðarfoss and above it is the Reyðarfjörður Electricity Dam.  The Electricity supply was established with the joint effort of the towns people in 1930. Even higher is Svínadalur.