Namibia Critical Metals Inc.

Namibia Critical Metals is pleased to announce that its joint venture partner, JOGMEC, has approved an additional $1,154,000 CDN budget for JOGMEC's fiscal year ended March 31, 2025, which is additional to the $550,000 increase announced on January 22, 2025. This brings JOGMEC's total expenditure commitments to $16,245,000. These additional proceeds will be used to accelerate work programs planned such as: Bulk sampling [...]

Namibia Critical Metals is pleased to announce key results of the hydrometallurgical scale-up and mini pilot plant test work leading to the production of a high purity rare earth element carbonate product for its "Lofdal 2B-4" heavy rare earth project. Pilot-scale test work at SGS Lakefield resulted in a simplified flow sheet. The removal of crude REE precipitation, re-leach and thorium solvent extraction forms a [...]

Namibia Critical Metals announced it has closed the non-brokered private placement announced on Nov 1, 2024. A total of 12,857,143 units were issued at a price of $0.035 per unit. Each unit consists of one common share and one-half warrant. Each whole warrant is exercisable for one common share at a price of $0.05 until November 28, 2025. A maximum of 19,285,714 common shares of Namibia Critical Metals will be issued [...]

Namibia Critical Metals Inc. today announced it intends to complete a non-brokered private placement in the amount of up to $450,000 consisting of units offered at a price of $0.035 per unit representing the closing price of the common shares on October 31, 2024 and an 11% discount to the 50-day moving average price of the common shares of the Company. Each unit will consist of one common share and one-half warrant. Each [...]

Namibia Critical Metals Inc. is pleased to announce that it has received the renewal of its Environmental Clearance Certificate for mining activities on Mining License 200 covering the Lofdal Heavy Rare Earth Project. The Environmental Clearance Certificate allows the Company to conduct exploration, processing and mining activities on its Lofdal tenement and is valid until September 2027. The Company is further pleased to [...]

Namibia Critical Metals Inc. announces that it has mutually terminated the share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties located in Namibia as announced on March 19, 2024 and updated on June 13, 2024. About Namibia Critical Metals Inc. NCMI is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and [...]

Namibia Critical Metals Inc. is pleased to announce that on July 3, 2024, it has signed a non-binding, non-exclusive Memorandum of Understanding with Copenhagen Atomics A/S to sell thorium produced from the Lofdal Heavy Rare Earth Project. Key Highlights The MOU provides the framework for the parties to negotiate a binding commercial offtake agreement for the supply of thorium from the Lofdal Project. Annual production of [...]

Namibia Critical Metals Inc. announces that it has amended the share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties located in Namibia as announced on March 19, 2024. Under the agreement, Sylla is to acquire NCMI's 95% interest in its Namibian subsidiaries that own the rights, title and interest to the Grootfontein, Erongo, Otjiwarongo, and Kaoko licences, and certain associated [...]

Namibia Critical Metals Inc. announces the results of the Company's Annual General Meeting of Shareholders held on May 16, 2024 . Shareholders holding 61.92% of the shares were represented in person or by proxy at the Meeting. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated April 10, 2024, were voted in favour, including: Election of Directors to the Board [...]

Namibia Critical Metals Inc. is pleased to announce key results of the optimization test program in preparation for scale-up hydrometallurgical tests for its "Lofdal 2B-4" heavy rare earth project. Tests were conducted on a 93 kg concentrate sample produced by a flotation pilot plant at SGS Lakefield, using run-of-mine material from the Lofdal Area 4 starter pit. The pilot plant flotation program confirmed the performance [...]