Namibia Critical Metals Inc.

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 $0.25 per unit representing a 11% discount to the closing price of the common shares of the Company on March 1, 2021. Each unit will consist of one common share and one warrant. Each whole warrant will be exercisable for one common share at a price [...]

Namibia Critical Metals Inc. is pleased to provide an update with final drill results from the Area 2B satellite deposit on the Lofdal Heavy Rare Earth Project in northern Namibia . Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . Area 2B is the first satellite deposit at Lofdal which underwent resource drilling. It [...]

Namibia Critical Metals Inc. today announced that it has completed a second draw-down of $100,000 pursuant to a draw-down equity financing facility with Alumina Partners Ltd. , an affiliate of New York-based private equity firm Alumina Partners, LLC. entered into on August 24, 2020. The Alumina facility is structured to provide Namibia Critical Metals with timely access to private placement financing as and when required [...]

Namibia Critical Metals Inc. is pleased to provide an update with further drill results from the Area 2B satellite deposit on the Lofdal Heavy Rare Earth Project in northern Namibia . Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . Since the Company's previous update progress highlights are summarized as follows [...]

Namibia Critical Metals Inc. is pleased to provide an update on its gold exploration programs on the Grootfontein and Erongo projects which cover 1,950 km2 in the Central Namibian Gold Belt. Both projects underwent regional exploration with the objective of identifying orogenic gold deposits. Progress to date is reported as follows: Three gold targets defined at Grootfontein based on low detection limit gold anomalies, up [...]

Namibia Critical Metals Inc. is pleased to provide an update on the metallurgical test work program on the Lofdal Heavy Rare Earth Project in northern Namibia "Lofdal" or "the project"). Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . The Company recently reported an increase of 60% to the strike length of the Area [...]

Namibia Critical Metals Inc. is pleased to provide an update on progress on the Lofdal Heavy Rare Earth Project in northern Namibia "Lofdal" or "the project"). Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . Highlights of the program to date are as follows: 14,000 m diamond drilling completed in last 8 months with [...]

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, officers and directors. A total of 4,500,000 Options were granted to directors and officers of the Company and its subsidiaries. All of [...]

Namibia Critical Metals Inc. is pleased to announce that Japan Oil, Gas and Metals National Corporation will provide an additional $1,100,000 to expand and accelerate the current drilling program for the Lofdal Heavy Rare Earths Project in northern Namibia. This additional commitment will increase the Term 1 joint venture expenditure from $3,000,000 to $4,100,000 by March 31, 2021. All references to dollar amounts are in [...]

Namibia Critical Metals has entered into an agreement for a draw-down equity financing facility with Alumina Partners Ltd. to provide the Company with up to CD$5,000,000 over a 24-month period Draw-downs are at the Company's discretion in increments of up to CD$250,000 The Company has completed a first draw-down of $100,000 which will be directed towards acceleration of the Company's gold exploration programs and provides [...]