Namibia Critical Metals Inc. today announced it has closed the non-brokered private placement announced on March 5, 2021 and March 8, 2021 . A total of 2,650,000 units were issued at a price of $0.25 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. announced that, as a result of investor interest, the Company is increasing the non-brokered private placement previously announced on March 3, 2021 from a maximum of Cdn$500,000 to a maximum of Cdn$662,500. The private placement is for units with each unit consisting of one common share and one warrant. Each whole [...]
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 $0.25 per unit representing a 11% discount to the closing price of the common shares of the Company on March 1, 2021. Each unit will consist of one common share and one [...]
Namibia Critical Metals Inc. is pleased to provide an update with final drill results from the Area 2B satellite deposit on the Lofdal Heavy Rare Earth Project in northern Namibia . Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . Area 2B is [...]
Namibia Critical Metals Inc. today announced that it has completed a second draw-down of $100,000 pursuant to a draw-down equity financing facility with Alumina Partners Ltd. , an affiliate of New York-based private equity firm Alumina Partners, LLC. entered into on August 24, 2020. The Alumina facility is structured to provide Namibia Critical [...]
Namibia Critical Metals Inc. is pleased to provide an update with further drill results from the Area 2B satellite deposit on the Lofdal Heavy Rare Earth Project in northern Namibia . Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . Since the [...]
Namibia Critical Metals Inc. is pleased to provide an update on its gold exploration programs on the Grootfontein and Erongo projects which cover 1,950 km2 in the Central Namibian Gold Belt. Both projects underwent regional exploration with the objective of identifying orogenic gold deposits. Progress to date is reported as follows: Three gold [...]
Namibia Critical Metals Inc. is pleased to provide an update on the metallurgical test work program on the Lofdal Heavy Rare Earth Project in northern Namibia "Lofdal" or "the project"). Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . The [...]
Namibia Critical Metals Inc. is pleased to provide an update on progress on the Lofdal Heavy Rare Earth Project in northern Namibia "Lofdal" or "the project"). Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation which is operating under a Term 1 budget of CD$4,100,000 . Highlights of the program to date [...]
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 [...]
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 [...]
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 [...]
