Welcome to our dedicated page for Namibia Critical Metals news (Ticker: NMREF), a resource for investors and traders seeking the latest updates and insights on Namibia Critical Metals stock.
Namibia Critical Metals Inc. (NMREF) drives innovation in heavy rare earth extraction through its flagship Lofdal Project in Namibia. This page serves as the definitive source for corporate announcements, operational updates, and strategic developments essential for tracking progress in this critical minerals sector.
Investors and industry observers will find curated updates on resource expansion, process optimization breakthroughs, and partnership milestones with entities like JOGMEC. Content spans drilling results, metallurgical advancements, and sustainability initiatives shaping the company's role in clean energy supply chains.
All materials adhere to strict disclosure standards, providing reliable insights into NMREF's progress without speculative commentary. Regular updates ensure stakeholders maintain current awareness of this strategically positioned rare earth developer.
Bookmark this resource for streamlined access to NMREF's evolving story as it advances one of the world's most significant heavy rare earth deposits. Check back frequently for authoritative reporting on technical achievements and market positioning.
Namibia Critical Metals has released a Preliminary Economic Assessment (PEA) for its Lofdal Heavy Rare Earth Project, reporting a pre-tax NPV of $632.7 million and an internal rate of return (IRR) of 34%. The project, featuring a simplified processing flow and significant potential for dysprosium and terbium production, aims for an annual throughput of 2 million tonnes. Key figures include a planned capital cost of $207 million and a payback period of 3.2 years. The PEA is based on only 50% of the current resource estimate, suggesting significant upside potential as exploration continues.
Namibia Critical Metals has announced significant advancements in its Lofdal Heavy Rare Earth project. The project, developed in partnership with Japan Oil, Gas and Metals National Corporation (JOGMEC), aims to supply valuable heavy rare earths to Japan. Recent tests conducted by SGS Minerals Services revealed a recovery rate exceeding 94% for dysprosium and terbium, confirming the project's viability for large-scale production. The Lofdal Project is fully permitted and expected to create local jobs while facilitating exports of rare earth products.
Namibia Critical Metals has provided an update on its Lofdal Heavy Rare Earth project, highlighting successful flotation tests resulting in over a 20x upgrade of heavy rare earths. In partnership with JOGMEC, the project aims to sustainably supply dysprosium and terbium for high-tech applications. The recent flotation program involved more than 110 tests, achieving a recovery of 67-70% TREO from low-grade samples. The project’s resource estimate has increased to 44.76 million tonnes at an average grade of 0.17% TREO. The simplified processing flowsheet is undergoing economic evaluation, with further test work planned.
Namibia Critical Metals Inc. (OTC PINK:NMREF) announced that Bannerman Energy Limited has entered into an agreement to acquire 82,290,680 common shares, equating to 41.8% of NMI. This acquisition is expected to enhance strategic alignment and synergies with Bannerman's Etango Uranium Project in Namibia, completing within 30 days. Additionally, NMI's CEO Darrin Campbell expressed optimism about the partnership’s potential to leverage Bannerman's expertise to enhance the Lofdal Project, anticipated to supply crucial dysprosium and terbium metals for emerging markets.
Namibia Critical Metals has successfully closed a $750,000 non-brokered private placement, increasing from an initial target of $500,000 due to strong investor interest. A total of 3,750,000 units were issued at $0.20 per unit, each consisting of one common share and one warrant exercisable at $0.35 until March 31, 2024. Proceeds will be primarily used for gold exploration and corporate purposes. The company currently holds advanced projects in Namibia, including the Lofdal dysprosium-terbium project.
Namibia Critical Metals has increased its non-brokered private placement from a maximum of CDN$500,000 to CDN$750,000 due to strong investor interest. The placement will issue units at $0.20 each, comprising one common share and one warrant, with a total of 7,500,000 shares expected. Proceeds will fund gold exploration and corporate purposes, pending TSX Venture Exchange approval. The Company holds significant projects in Namibia, including the Lofdal project in joint venture with JOGMEC, and several gold prospecting licenses in the Central Namibian Gold Belt.
Namibia Critical Metals intends to complete a non-brokered private placement worth up to $500,000 at a price of $0.20 per unit, representing an 11% discount. Each unit comprises one common share and one warrant, exercisable at $0.35 within 24 months. Additionally, the company plans to extend the expiry of 2,650,000 existing warrants by 12 months. Proceeds will primarily fund gold exploration and corporate purposes. The private placement and warrant extension are pending approval from the TSX Venture Exchange.
Namibia Critical Metals has identified initial drill targets at its Erongo Project following successful geophysical surveys over gold and arsenic anomalies. The project, which covers 337 km2, is located within the Central Namibian Gold Belt. A total of 14 reverse circulation (RC) drill holes are planned, totaling 3,700 m, to explore the Kanona North Target. The company also reported past challenges at the Grootfontein Project, including a canceled airborne survey due to military restrictions. Despite setbacks, ongoing exploration continues to show promise for gold mineralization.
Namibia Critical Metals Inc. has provided an update on its Lofdal Heavy Rare Earth Dysprosium-Terbium Project. The company successfully mined 34,500 tonnes from the Area 4 deposit as part of a starter pit for bulk sampling. A total of 300 tonnes of this material will undergo crushing and screening for sorting tests, with results expected in early January 2022. The project is being developed in partnership with JOGMEC, focusing on supplying Japan with dysprosium and terbium, essential for high-tech applications. Namibia Critical Metals holds a 95% interest in the project.
Namibia Critical Metals Inc. (OTC PINK: NMREF) announced its membership in the Rare Earth Industry Association (REIA) on November 4, 2021. The REIA represents the global rare earth element industry, aiming to enhance understanding of the REE value chain. Darrin Campbell, President, emphasized the importance of engaging with key stakeholders as the Lofdal Heavy Rare Earth Dysprosium-Terbium Project progresses in collaboration with JOGMEC. The joint venture allows JOGMEC to fund project phases, securing a 40% interest while ensuring no dilution of NMI’s equity.
