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 [...]
Namibia Critical Metals Inc. is pleased to announce that its JOGMEC partner has committed an additional C$300,000 to the on going Lofdal joint venture exploration program. Under the conditions of approval by the Ministry of Economy, Trade and Industry in Japan, JOGMEC has approved expenditures totalling C$10,375,000 through to May 31, 2023, which satisfies the Term 2 Expenditure requirement of C$10 million to earn 40 [...]
Namibia Critical Metals Inc. is pleased to advise that the Company's common shares have been approved for trading on the OTCQB Venture Market under the symbol "NMREF". HIGHLIGHTS · OTC Markets is a well?established trading platform in the US · "QB" quotation significantly expands global access to investment in NCMI shares · U.S. investors, in particular, will gain simpler, live?market trading access to NMREF common shares [...]
Namibia Critical Metals Inc. is pleased to announce that it has signed a Letter of Intent with SGS Canada to begin pilot plant testing on a 5-tonne sample from the Lofdal HREE Deposit in Q3 2023. The objective of the test program is to scale up laboratory flotation tests, including locked-cycle testing, for a higher level of confidence in metallurgy, confirm engineering design criteria for PFS capital and operating cost [...]
Namibia Critical Metals Inc. is pleased to announce that it has commenced resource in-fill drilling as part of the Pre-Feasibility Study at the significantly expanded "Lofdal 2B-4" Heavy Rare Earth Project. A final drill program was worked out by the Company with support by The MSA Group to increase the level of resource categories as required for the PFS for the expanded project "Lofdal 2B-4". Phase 1 of the resource [...]
JOGMEC begins a public tender process to transfer its position to Japanese industrial partner to participate in the Lofdal Heavy Rare Earth Joint Venture, as provided for in the original JV Agreement JOGMEC has received interest in the JV from multiple Japanese companies following significant increase to the NI43-101 Resource, receipt of a 25-year mining license and the recent issuance of a robust Preliminary Economic [...]
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