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Namibia Critical Metals Inc. develops the Lofdal Heavy Rare Earths Project in Namibia, a heavy rare earth deposit focused on dysprosium, terbium and yttrium. Company updates center on technical studies for Lofdal 2B-4, metallurgical development, resource drilling, mine planning and the project's Mining License held through Namibia Rare Earths (Pty) Ltd.
Recurring news also covers the company's joint venture and earn-in arrangements with Japan Organization for Metals and Energy Security, strategic supply-chain relationships for heavy rare earths, and corporate finance items such as warrant exercises, stock options and working-capital funding.
Namibia Critical Metals (OTCQB:NMREF) appointed Niels Verbaan as Vice President, Metallurgy to lead metallurgical development of the Lofdal Heavy Rare Earths Project in Namibia. Verbaan joins May 11 after departing SGS Lakefield on May 8 and will oversee test work, flowsheet design, pilot programs and process optimization.
The role targets maximized recovery of heavy rare earths, notably dysprosium (Dy) and terbium (Tb), and aims to deliver a financeable definitive feasibility study in collaboration with Japanese partners.
Namibia Critical Metals (OTCQ:NMREF) and JOGMEC amended their earn-in agreement to increase funding by C$3 million to complete a Definitive Feasibility Study (DFS) for the Lofdal heavy rare earths project. The amendment targets DFS completion in Q2 2027, enables resource drilling at Area 2B and Area 5, and gives JOGMEC an option to provide non-interest-bearing, non-dilutive Pre-FID capital to accelerate timelines, while preserving the JV's strategic framework to supply heavy rare earths to Japanese industry.
Namibia Critical Metals (OTCQB:NMREF) announced Toyota Tsusho has joined the Lofdal Heavy Rare Earths Project as a strategic partner via JOGMEC's public tender (March 17, 2026). The partnership adds an industrial anchor with rare-earth processing experience and strengthens alignment with Japanese demand for dysprosium and terbium.
The move is described as enhancing Lofdal's development pathway, financing prospects and positioning the project as a global heavy rare earth supply hub outside China.
Namibia Critical Metals (OTCQB:NMREF / TSXV:NMI) filed an independent NI 43-101 Pre-Feasibility Study (PFS) for the Lofdal Heavy Rare Earths Project 2B-4 in Namibia on January 13, 2026.
The report, prepared by SGS Bateman (Pty) Ltd. and supervised by Qualified Person Joseph Keane, highlights the Lofdal deposit's potential to produce dysprosium (Dy), terbium (Tb) and yttrium (Y) as primary economic drivers. The project is being developed in a joint venture with JOGMEC aimed at a long-term, sustainable supply of heavy rare earths to Japan.
Namibia Critical Metals (OTCQB:NMREF) received Cdn. $1,154,762 from the full exercise of 14,761,904 common share purchase warrants on December 22, 2025.
The proceeds comprised two tranches: Cdn. $321,429 from warrants exercised at $0.05 each (expired November 28, 2025) and Cdn. $833,333 from warrants exercised at $0.10 each (expired December 22, 2025). Each warrant converted into one common share. The company said it intends to use the funds for general working capital.
Namibia Critical Metals (OTCQB:NMREF) announced a positive Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project dated December 3, 2025. Key Base Case metrics include after-tax NPV (5%) US$275.5M, after-tax IRR 19.0%, pre-production capex US$273.4M and total capex US$347.9M (US$57.4M contingency). The Project plans a 13-year mine life with 32 Mt Proven and Probable reserves and average annual production of 1,478 t TREO (including 119 t Dy, 17.8 t Tb, 841 t Y).
Measured & Indicated resources total 58.5 Mt at 0.16% TREO containing 4,503 t Dy2O3 and 692 t Tb2O3. A Divergent pricing case raises after-tax NPV to US$747.9M and after-tax IRR to 34.8%, showing high project sensitivity to REE pricing. The Project is in a JV with JOGMEC and holds a 25-year mining license valid to May 10, 2046.
Namibia Critical Metals (OTCQB:NMREF, TSXV:NMI) retained Renmark Financial Communications to provide investor relations services starting November 1, 2025. The engagement carries a cash fee of up to $9,000 CAD per month for an initial seven-month term ending May 31, 2026, with monthly services continuing thereafter. Renmark reported no direct or indirect ownership interest in Namibia Critical Metals or intent to acquire securities. Management said the appointment aims to reinforce the company's profile and increase visibility in the financial community.
Namibia Critical Metals (OTCQB:NMREF) has announced the grant of incentive stock options as part of its remuneration and incentive program. The company's board of directors has approved a total of 4,350,000 Options for its employees, consultants, officers, and directors.
The Options have a five-year exercise period with an exercise price of $0.105 per Common Share, which matches the closing price of the company's shares on the TSX Venture Exchange as of July 25, 2025.
Namibia Critical Metals (OTCQB:NMREF) has announced its engagement with Proactive Investors to enhance investor communications and public market outreach. The 15-month contract, valued at C$28,000, will leverage Proactive's global network of bureaus and studios across major financial hubs including London, New York, Toronto, Vancouver, Sydney, and Perth.
Proactive brings over fifteen years of expertise in digital journalism and investing, offering content creation services through their platform to help companies expand their investor reach.
Namibia Critical Metals Inc. (OTCQB:NMREF) held its Annual General Meeting of Shareholders on May 15, 2025, with 62.22% shareholder representation. All proposed matters received favorable votes, including the re-election of directors Adrian Hickey, Darrin Campbell, William Price, and Steve Herlihy, each receiving over 99.75% approval. Shareholders also approved the company's stock option plan, allowing grants up to 10% of outstanding shares, and confirmed PricewaterhouseCoopers LLP as auditors for the upcoming year.