Namibia Critical Metals Inc. today announced it intends to complete a non-brokered private placement in the amount of up to $450,000 consisting of units offered at a price of $0.035 per unit representing the closing price of the common shares on October 31, 2024 and an 11% discount to the 50-day moving average price of the common shares of the [...]
Namibia Critical Metals Inc. 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 [...]
Namibia Critical Metals Inc. announces that it has mutually terminated the share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties located in Namibia as announced on March 19, 2024 and updated on June 13, 2024. About Namibia Critical Metals Inc. NCMI is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a [...]
Namibia Critical Metals Inc. is pleased to announce that on July 3, 2024, it has signed a non-binding, non-exclusive Memorandum of Understanding with Copenhagen Atomics A/S to sell thorium produced from the Lofdal Heavy Rare Earth Project. Key Highlights The MOU provides the framework for the parties to negotiate a binding commercial offtake [...]
Namibia Critical Metals Inc. announces that it has amended the share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties located in Namibia as announced on March 19, 2024. Under the agreement, Sylla is to acquire NCMI's 95% interest in its Namibian subsidiaries that own the rights, title and interest to the [...]
Namibia Critical Metals Inc. announces the results of the Company's Annual General Meeting of Shareholders held on May 16, 2024 . Shareholders holding 61.92% of the shares were represented in person or by proxy at the Meeting. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated April 10 [...]
Namibia Critical Metals Inc. is pleased to announce key results of the optimization test program in preparation for scale-up hydrometallurgical tests for its "Lofdal 2B-4" heavy rare earth project. Tests were conducted on a 93 kg concentrate sample produced by a flotation pilot plant at SGS Lakefield, using run-of-mine material from the Lofdal Area [...]
Namibia Critical Metals Inc. is pleased to announce an updated NI 43-101 Mineral Resource Estimate for the large-scale "Lofdal 2B-4" heavy rare earth project. The Company conducted a two-stage infill drilling campaign for the subprojects Area 4 and Area 2B with the purpose of increasing the confidence of the resources for the planned open pits of [...]
Namibia Critical Metals Inc. announces that it has entered into a share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties located in Namibia. Under the agreement, Sylla is to acquire NCMI's 95% interest in its Namibian subsidiaries that own the rights, title and interest to the Grootfontein, Erongo, Otjiwarongo [...]
Namibia Critical Metals Inc. is pleased to announce that it received all laboratory assays of the RC drilling campaign for its PFS study on the large-scale "Lofdal 2B-4" heavy rare earth project. The final infill drilling campaign entailed 7 very deep reverse circulation boreholes for a total of 2,597 m in the Area 4 main deposit. Assays were [...]
Namibia Critical Metals Inc. is pleased to report that its joint venture partner, JOGMEC, has approved an additional $1,250,000 in funding, bringing the total budget for the period until March 31, 2024, to $13,050,000. Darrin Campbell, President of Namibia Critical Metals expressed his satisfaction, stating: "We are extremely pleased with the [...]
Namibia Critical Metals Inc. is pleased to announce the successful completion of the pilot plant flotation test work for its "Lofdal 2B-4" heavy rare earth project. From October to December 2023, rigorous tests were conducted on a 5-ton representative bulk sample from the Lofdal Area 4 starter pit at SGS Lakefield. Based on preliminary data, the [...]
