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 [...]
Namibia Critical Metals Inc. is pleased to announce an updated NI 43-101 Mineral Resource Estimate for the large-scale "Lofdal 2B-4" heavy rare earth project. The Company conducted a two-stage infill drilling campaign for the subprojects Area 4 and Area 2B with the purpose of increasing the confidence of the resources for the planned open pits of Area 4 and Area 2B. The MSA Group provided an NI 43-101 Mineral Resource [...]
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 [...]
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