Namibia Critical Metals Inc. is pleased to provide an update on the development of the Lofdal Heavy Rare Earth project. The deposit has the potential for significant production of dysprosium and terbium, two of the most valuable heavy rare earth elements. The Project is being developed in joint venture with Japan Oil, Gas and Metals National Corporation targeting a long term, sustainable supply of heavy rare earths to [...]
Namibia Critical Metals Inc. is pleased to provide an update on the development of the Lofdal Heavy Rare Earth project. Lofdal is one of only two primary xenotime projects under development in the world, which requires pioneering processing approaches to this unusual type of rare earth mineralisation. The deposit has the potential for significant production of dysprosium and terbium, two of the most valuable heavy rare [...]
Namibia Critical Metals Inc. announced that Bannerman Energy Limited , an Australian listed uranium development company, has issued a news release on May 18, 2022 announcing it has entered into an agreement to acquire 82,290,680 common shares of NMI pursuant to a private share purchase agreement with two shareholders of the Company, including Philco 192 Ltd. which holds 75,201,603 shares of NMI . Bannerman has announced [...]
Namibia Critical Metals Inc. today announced it has closed the non-brokered private placement announced on February 23, 2022 the amount of which was increased from $500,000 to $750,000 as a result of investor interest . A total of 3,750,000 units were issued at a price of $0.20 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 $0.35 until [...]
Namibia Critical Metals Inc. today announced that, as a result of strong investor interest, it is increasing the non-brokered private placement previously announced on February 23, 2022 from a maximum of CDN$500,000 to a maximum of $750,000. The private placement is for units at a price of $0.20 per unit . Each unit will consist of one common share and one warrant. Each whole warrant will be exercisable for one common [...]
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 $0.20 per unit representing an 11% discount to the closing price of the common shares of the Company on February 22, 2022. Each unit will consist of one common share and one warrant. Each whole warrant will be exercisable for one common share at a [...]
First Gold Drill Targets Identified by Ground Geophysics over Gold and Arsenic Soil Anomalies at Erongo Project Namibia Critical Metals Inc. is pleased to provide an update on exploration activities on its 95% owned Erongo and Grootfontein Projects. The company has completed a multiple tool geophysical survey over the Kanona Target on the Erongo Project for drill target generation over previously defined coinciding gold [...]
Namibia Critical Metals Inc. is pleased to provide an update on the development of the Lofdal Heavy Rare Earth Dysprosium-Terbium Project. The Company has completed the work on a starter pit for bulk sampling at Lofdal initially reported on September 20, 2021. A blast was conducted at the Area 4 deposit on October 6th and mining of the earmarked mineralized blocks completed on October 30th. A total of 34,500 tonnes was [...]
Namibia Critical Metals Inc. today announced that it has joined the Rare Earth Industry Association based in Brussels. The Rare Earth Industry Association is an international non-profit organization representing the global REE industry. Founded in June 2019, under the auspices of EIT Raw Materials Internationalization project GloREIA. The network continues to grow today. REIA has active members worldwide representing all [...]
Namibia Critical Metals Inc. today announced that, it has received proceeds of Cdn. $525,000 as a result of the exercise of approximately 2.9 million previously issued common share purchase warrants. The Company intends to use the proceeds of the warrant exercises for general working capital purposes. The warrants were issued in connection with the Company's non-brokered private placement offering of units completed in [...]
Namibia Critical Metals Inc. is pleased to provide an update on the development of the Lofdal Heavy Rare Earth project since granting of the Mining Licence in July this year. The Lofdal Heavy Rare Earth Deposit is one of only two primary xenotime projects under development in the world. The deposit has the potential for significant production of dysprosium and terbium, the two most valuable heavy rare earth elements used [...]
Namibia Critical Metals Inc. is pleased to provide an update on the development of the Lofdal Heavy Rare Earth project since granting of a Mining Licence in July. The Company has commenced earth works to develop a starter pit to a depth of about 15 metres at the Area 4 deposit. Mining activities are contracted to Gecko Mining Ltd. and blasting to Bulk Mining Explosives A total of 32,100 tons of mineralized material will [...]
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