Namibia Critical Metals Inc. announces that it has entered into a share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties located in Namibia. 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 assets. NCMI now fully focuses on [...]
Namibia Critical Metals Inc. is pleased to announce that it received all laboratory assays of the RC drilling campaign for its PFS study on the large-scale "Lofdal 2B-4" heavy rare earth project. The final infill drilling campaign entailed 7 very deep reverse circulation boreholes for a total of 2,597 m in the Area 4 main deposit. Assays were received from Actlabs, Canada. Highlights are: Continuation of the rare earth [...]
Namibia Critical Metals Inc. is pleased to report that its joint venture partner, JOGMEC, has approved an additional $1,250,000 in funding, bringing the total budget for the period until March 31, 2024, to $13,050,000. Darrin Campbell, President of Namibia Critical Metals expressed his satisfaction, stating: "We are extremely pleased with the continued strong support of our partner, JOGMEC. This accelerated funding will [...]
Namibia Critical Metals Inc. is pleased to announce the successful completion of the pilot plant flotation test work for its "Lofdal 2B-4" heavy rare earth project. From October to December 2023, rigorous tests were conducted on a 5-ton representative bulk sample from the Lofdal Area 4 starter pit at SGS Lakefield. Based on preliminary data, the pilot plant program confirms the reproducibility of the grinding and [...]
Namibia Critical Metals Inc. today announced it has closed the non-brokered private placement announced on November 20, 2023. A total of 8,333,333 units were issued at a price of $0.06 per unit. Each unit consists of one common share and one warrant. Each whole warrant is exercisable for one common share at a price of $0.10 until December 22, 2025. A maximum of 16,666,667 common shares of Namibia Critical Metals will be [...]
Namibia Critical Metals Inc. is pleased to announce the completion of the final phase of drilling for its Pre-Feasibility Study on the "Lofdal 2B-4" heavy rare earth project. In total, infill and resource expansion drilling for the PFS phase amounts to 10,823 m in 56 boreholes drilled over the last months. The final drill phase entailed seven very deep reverse circulation boreholes for 2,597 m in the Area 4 main deposit [...]
Namibia Critical Metals Inc. today announced it intends to complete a non-brokered private placement in the amount of up to $500,000 consisting of units offered at a price of $0.06 per unit representing a 7.7% discount to the closing price of the common shares of the Company on November 17, 2023. Each unit will consist of one common share and one warrant. Each whole warrant will be exercisable for one common share at a [...]
Namibia Critical Metals Inc. is pleased to announce the commencement of the final phase of drilling for its Pre-Feasibility Study on the "Lofdal 2B-4" heavy rare earth project. The final drill phase entails seven very deep reverse circulation boreholes for a total of 2,505 m in the Area 4 main deposit. The drill program is expected to be completed by early December 2023. The holes were originally planned as a separate [...]
Namibia Critical Metals Inc. announced today, pursuant to the requirements of the TSX Venture Exchange, that its board of directors approved the granting of incentive stock options under its stock option plan as part of the overall remuneration and incentive program for its employees, consultants, officers and directors. A total of 4,300,000 Options were granted. All the Options are exercisable for a period of five years [...]
Namibia Critical Metals Inc. is pleased to announce the completion of the RC drilling campaign for its PFS study on the large-scale "Lofdal 2B-4" heavy rare earth project. The infill drilling campaign entailed 49 reverse circulation boreholes for a total of 8,226 m in the Area 4 main deposit and the Area 2B satellite deposit. Assays were received from Actlabs, Canada. Highlights are: Width and grade of the mineralised [...]
Namibia Critical Metals Inc. announces the results of the Company's Annual General Meeting of Shareholders held on May 18, 2023 . Shareholders holding 58.84% 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 12, 2023, were voted in favour, including: Election of Directors to the Board [...]
Namibia Critical Metals Inc. is pleased to announce that it entered into a Memorandum of Understanding to conduct a feasibility study for a rare earth separation plant in Namibia. The proposed separation plant aims at producing rare earth metals which can be directly used in the production of permanent magnets for electric vehicles and wind turbines. The recent Preliminary Economic Assessment of the Company's expanded [...]
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