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Namibia Critical Metals Receives Environmental Clearance Certificate for Mining Activities on its Lofdal Heavy Rare Earth Project

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Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF) has received a renewed Environmental Clearance Certificate for mining activities on its Lofdal Heavy Rare Earth Project, valid until September 2027. The certificate allows for exploration, processing, and mining on the Mining License 200 area.

The company is making significant progress on its Pre-Feasibility Study (PFS) for the expanded "Lofdal 2B-4" project, with completion scheduled for Q1 2025. The PFS scope has been extended to include sorting test work using advanced XRF and XRT technologies to upgrade lower grade run-of-mine material. Additionally, trade-off studies are being conducted to determine the optimal sustainable power mix for the mining operation.

President Darrin Campbell expressed excitement about the potential of new sorting technologies, which may allow for the processing of previously considered 'stockpile' material, improving overall sustainability.

Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF) ha ricevuto un rinnovato Certificato di Autorizzazione Ambientale per le attività minerarie sul suo Progetto Lofdal Heavy Rare Earth, valido fino a settembre 2027. Il certificato consente esplorazioni, lavorazioni e attività minerarie nell'area della Licenza Mineraria 200.

L'azienda sta facendo significativi progressi nello Studio di Pre-Fattibilità (PFS) per il progetto espanso “Lofdal 2B-4”, con completamento previsto per il primo trimestre del 2025. L'ambito del PFS è stato esteso per includere lavori di test di selezione utilizzando tecnologie avanzate XRF e XRT per migliorare il materiale minerario a basso grado. Inoltre, sono in corso studi di trade-off per determinare il mix energetico sostenibile ottimale per l'operazione mineraria.

Il presidente Darrin Campbell ha espresso entusiasmo per il potenziale delle nuove tecnologie di selezione, che potrebbero consentire il processamento di materiali precedentemente considerati 'accumuli', migliorando la sostenibilità complessiva.

Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF) ha recibido un Certificado de Autorización Ambiental renovado para actividades mineras en su Proyecto Lofdal Heavy Rare Earth, válido hasta septiembre de 2027. El certificado permite la exploración, procesamiento y minería en el área de la Licencia Minera 200.

La empresa está logrando un progreso significativo en su Estudio de Pre-factibilidad (PFS) para el proyecto ampliado “Lofdal 2B-4”, con finalización programada para el primer trimestre de 2025. El alcance del PFS se ha ampliado para incluir trabajos de prueba de clasificación utilizando tecnologías avanzadas XRF y XRT para mejorar el material de baja calidad. Además, se están realizando estudios de compensación para determinar la mezcla óptima de energía sostenible para la operación minera.

El presidente Darrin Campbell expresó entusiasmo por el potencial de las nuevas tecnologías de clasificación, que podrían permitir el procesamiento de materiales previamente considerados 'acumulaciones', mejorando la sostenibilidad general.

Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF)는 2027년 9월까지 유효한 Lofdal Heavy Rare Earth 프로젝트의 광업 활동을 위한 갱신된 환경 승인 증명서를 받았습니다. 이 증명서는 채굴 면허 200 지역에서 탐사, 가공 및 채굴을 허용합니다.

이 회사는 “Lofdal 2B-4” 확장 프로젝트에 대한 예비 타당성 조사(PFS)가 2025년 1분기 완료될 예정이라고 보고 있습니다. PFS의 범위는 낮은 등급의 원석을 업그레이드하기 위해 첨단 XRF 및 XRT 기술을 사용한 분류 테스트 작업을 포함하도록 확장되었습니다. 또한, 채굴 작업을 위한 최적의 지속 가능한 전력 믹스를 결정하기 위해 타당성 분석이 진행되고 있습니다.

대리인 Darrin Campbell은 새로운 분류 기술의 잠재력에 대해 흥분을 표현하며, 이는 이전에 '재고' 물질로 간주된 물질의 가공을 가능하게 하여 전반적인 지속 가능성을 향상시킬 수 있다고 말했습니다.

Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF) a reçu un certificat de conformité environnementale renouvelé pour des activités minières sur son projet Lofdal Heavy Rare Earth, valable jusqu'en septembre 2027. Ce certificat permet l'exploration, le traitement et l'exploitation minière dans la zone de la licence d'exploitation minière 200.

L'entreprise fait des progrès significatifs dans son étude de faisabilité préalable (PFS) pour le projet élargi “Lofdal 2B-4”, dont l'achèvement est prévu pour le premier trimestre 2025. Le périmètre de la PFS a été élargi pour inclure des travaux d'essai de tri utilisant des technologies avancées XRF et XRT afin d'améliorer le matériel minier de faible qualité. De plus, des études de compromis sont en cours pour déterminer le mélange énergétique durable optimal pour l'exploitation minière.

Le président Darrin Campbell a exprimé son enthousiasme pour le potentiel des nouvelles technologies de tri, qui pourraient permettre le traitement de matériaux auparavant considérés comme 'stocks', améliorant ainsi la durabilité globale.

Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF) hat ein erneuertes Umweltgenehmigungszertifikat für Bergbauaktivitäten im Lofdal Heavy Rare Earth Projekt erhalten, das bis September 2027 gültig ist. Das Zertifikat erlaubt die Erkundung, Verarbeitung und den Bergbau im Bereich der Bergbaulizenz 200.

Das Unternehmen macht erhebliche Fortschritte bei seiner Machbarkeitsstudie (PFS) für das erweiterte “Lofdal 2B-4”-Projekt, deren Abschluss für das erste Quartal 2025 geplant ist. Der Umfang der PFS wurde erweitert, um Sortierversuche mit fortschrittlichen XRF- und XRT-Technologien zur Verbesserung von minderwertigem Erzmaterial zu umfassen. Darüber hinaus werden Kompromissstudien durchgeführt, um die optimale nachhaltige Energieversorgung für den Bergbaubetrieb zu bestimmen.

Präsident Darrin Campbell äußerte sich begeistert über das Potenzial neuer Sortiertechnologien, die die Verarbeitung von zuvor als 'Vorratsmaterial' betrachteten Materialien ermöglichen könnten und damit die Gesamtnachhaltigkeit verbessern.

Positive
  • Renewal of Environmental Clearance Certificate for mining activities until September 2027
  • Progress on Pre-Feasibility Study for expanded "Lofdal 2B-4" project
  • Exploration of advanced sorting technologies to upgrade lower grade materials
  • Potential to process previously considered 'stockpile' material, improving sustainability
Negative
  • None.

HALIFAX, NS / ACCESSWIRE / October 18, 2024 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) 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 announce significant progress of its Pre-Feasibility Study for the expanded project "Lofdal 2B-4". The scope of the PFS was extended to undertake sorting test work with recently advanced XRF and XRT sorting to upgrade lower grade run-of-mine material. Further, trade-offs between electricity supply studies with variable proportions of photovoltaic, battery and diesel back-ups, grid connection and electricity generation in an own acid plant are currently being assessed to optimally supply the mining operation with a sustainable mix of power. Completion of this PFS is scheduled for Q1 2025.

Darrin Campbell, President of Namibia Critical Metals, stated:

"We are very pleased to receive the environmental clearance certificate as the prefeasibility study for the new large mine project "Lofdal 2B-4" is near completion which will be followed by increasing ground activities at Lofdal. I am also very excited about the opportunities we see with the significantly advanced sorting technologies which have recently improved due to the introduction of AI applications. These technologies may help to bring lower grade material back into the processing stream. This is important from a sustainability point as the currently regarded ‘stockpile' material below the cut-off point for the planned flotation plant makes up about a third of the mined mineralised material."

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 terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals has become a repeated concern for manufacturers and end users. Namibia is a proven and stable mining jurisdiction. The Lofdal Project is fully permitted with a 25-year Mining License and is under a Joint Venture agreement with Japan Organization for Metals and Energy Security (JOGMEC).

About Japan Organization for Metals and Energy Security (JOGMEC) and the JV
JOGMEC is a Japanese government independent administrative agency which seeks to secure stable resource supplies for Japan. JOGMEC has a strong reputation as a long term, strategic partner in mineral projects globally. JOGMEC facilitates opportunities with Japanese private companies to secure supplies of natural resources for the benefit of the country's economic development.

Rare earth elements are of critical importance to Japanese industrial interests and JOGMEC has extensive experience with all aspects of the sector. JOGMEC provided Lynas with USD$250,000,000 in loans and equity in 2011 to ensure supplies of the Light Rare Earths metals suite to the Japanese industry.

Namibia Critical Metals owns a 95% interest in the Lofdal project with the remaining 5% held for the benefit of historically disadvantaged Namibians. The terms of the JOGMEC joint venture agreement with the Company stipulate that JOGMEC provides C$3,000,000 in Term 1 and C$7,000,000 in Term 2 to earn a 40% interest in the Lofdal project. Term 3 calls for a further C$10,000,000 of expenditures to earn an additional 10% interest. JOGMEC can also purchase another 1% for C$5,000,000 and has first right of refusal to fully fund the project through to commercial production and to purchase all production at market prices. The collective interests of NCMI and historically disadvantaged Namibians cannot be diluted below a 26% carried working interest upon payment of C$5,000,000 to JOGMEC for the dilution protection. NMI may elect to participate up to a maximum of 44% by funding pro rata after the earn in period is completed.

To date, JOGMEC has completed Term 2 and earned a 40% interest by reaching the C$10 million expenditure requirement. Total approved project funding to date is C$14,541,000 of the $20,000,000 Earn-In requirement to reach 50% interest.

The common shares of Namibia Critical Metals Inc. trade on the TSX Venture Exchange under the symbol "NMI" and the OTCQB Market under the symbol "NMREF".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information please contact -

Namibia Critical Metals Inc.
Darrin Campbell, President
Tel: +01 (902) 835-8760
Email: Info@NamibiaCMI.com Web site: www.NamibiaCriticalMetals.com

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

SOURCE: Namibia Critical Metals Inc.



View the original press release on accesswire.com

FAQ

What is the status of Namibia Critical Metals' Environmental Clearance Certificate for the Lofdal Heavy Rare Earth Project?

Namibia Critical Metals (NMREF) has received a renewed Environmental Clearance Certificate for mining activities on its Lofdal Heavy Rare Earth Project, valid until September 2027. This certificate allows for exploration, processing, and mining activities on Mining License 200.

When is the Pre-Feasibility Study for the Lofdal 2B-4 project expected to be completed?

The Pre-Feasibility Study (PFS) for the expanded Lofdal 2B-4 project is scheduled for completion in Q1 2025.

What new technologies is Namibia Critical Metals (NMREF) exploring for the Lofdal project?

Namibia Critical Metals is exploring advanced XRF and XRT sorting technologies, enhanced by AI applications, to upgrade lower grade run-of-mine material. These technologies may allow for processing of previously considered 'stockpile' material, potentially improving the project's sustainability.

What aspects of power supply is Namibia Critical Metals (NMREF) considering for the Lofdal project?

The company is conducting trade-off studies to assess various power supply options, including a mix of photovoltaic, battery and diesel back-ups, grid connection, and electricity generation from an on-site acid plant. The goal is to determine the optimal sustainable power mix for the mining operation.

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