Namibia Critical Metals Inc.

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 [...]

Namibia Critical Metals Inc. today provided an update on progress on the Lofdal Heavy Rare Earths Project in northern Namibia, which is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation . As previously announced the Lofdal Joint Venture is operating under a Term 1 budget of CD$3,000,000 with the objectives of doubling the current resource size at Area 4 with a 7,700 m drill program [...]

Namibia Critical Metals Inc. announced it has reached agreements with certain senior management and directors to fully settle an aggregate of $377,103 of unpaid compensation with the issuance of common shares in the Company. Pursuant to the Debt Settlement Agreements, the Company will issue 1,508,412 common shares of the Company at a deemed price of $0.25 per share being a 25% premium to the closing price of the common [...]

Namibia Critical Metals Inc. today announced it has closed the $350,000 non-brokered private placement announced on March 30, 2020 . A total of 2,916,667 units were issued at a price of $0.12 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 $0.18 until October 28, 2021. A maximum of 5,833,334 common shares of Namibia Critical Metals will [...]

Erongo gold project covers 606 km2 in the Navachab-Otjikoto gold belt in proximity to Osino Resources Twin Hills gold discovery Priority target area underlain by favourable stratigraphy and structures identified at Twin Hills Soil geochemical survey has collected 2,500 samples covering 30% of priority target area, analyses pending; additional sampling planned Company continues to monitor and manage Namibian responses to [...]

7,700 m of drilling planned at Area 4 with the objective to double the current resource size 1,500 m of drilling planned on exploration targets outside of Area 4 Metallurgical test work initiated on 18 tonne bulk sample to optimize mineral sorting technologies Namibia Critical Metals Inc. today announced that drilling has commenced at the Lofdal Heavy Rare Earths Project in Namibia. Contracts have also been executed with [...]

Namibia Critical Metals Inc. today announced details of the Term 1 planned work program for the Lofdal Heavy Rare Earths Project in northern Namibia. As was recently announced the Company has entered into an agreement with Japan Oil, Gas and Metals National Corporation to jointly explore and develop Lofdal. Following the first meeting of the Management Committee formed by NMI and JOGMEC, the objectives of the initial Term [...]

Discovery of more than 250 individual mineralized dykes covering an area of 30 km2 Average grade of 18.95% TREO from 59 grab samples from the distinct LREE-carbonatite dykes, grades range from 9.64% TREO to maximum of 26.47% TREO Simple mineralogy in carbonatite confirmed as bastnäsite and calcite Mapping and structural analysis continues in early 2020. Geophysical surveys planned , followed by drilling. Namibia [...]