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Namibia Critical Metals Inc. announces an updated NI 43-101 Mineral Resource Estimate for the 'Lofdal 2B-4' heavy rare earth project. The update shows significant increases in contained Dysprosium and Terbium, Total Rare Earth Oxide tonnage, and Measured and Indicated Mineral Resources. The company's President is optimistic about the resource's potential, with plans for a Pre-Feasibility Study completion in Q3 2024.
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-0.3%
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Namibia Critical Metals Inc. divests non-material gold properties in Namibia to focus on Lofdal Heavy Rare Earth Project. Sylla Gold Corp. to acquire 95% interest in Namibian subsidiaries for 3M common shares and $100K cash.
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Namibia Critical Metals Inc. announced 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. The company confirmed the continuation of rare earth mineralization at depth with an increase in grade and width, and the mineralization is open in the southwesterly direction and at the depth of the Area 4 main deposit. The company appointed Qubeka, a Namibian consultancy, to develop the mine model and schedule for the planned Lofdal mines '2B pit' and '4 pit'. The final infill drilling program at Area 4 deposit was worked out to increase the level of resource categories required for the PFS for the expanded project 'Lofdal 2B-4'.
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5.56%
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Namibia Critical Metals Inc. (NMREF) announces 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. The accelerated funding aims to fast-track the progression of crucial projects, ensuring timely execution and achieving key milestones ahead of schedule. NCMI intends to leverage advanced technologies and innovative methodologies to optimize processes and enhance the efficiency of mineral extraction and refining. The partnership with JOGMEC demonstrates the shared vision to capitalize on the immense potential of Lofdal and unlock significant value.
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Namibia Critical Metals Inc. (NCMI) announces the successful completion of the pilot plant flotation test work for its 'Lofdal 2B-4' heavy rare earth project. The pilot plant program confirms the reproducibility of the grinding and flotation regime for the Lofdal flowsheet and the ability to scale-up the design with confirmation of engineering design criteria. The company's President, Darrin Campbell, expressed satisfaction with the results, highlighting the substantial reduction in operating expenditures and increased recovery of heavy rare earth minerals. The company's partner, JOGMEC, has continued funding commitments, demonstrating confidence in the project's progress. The project aims to meet the growing demand for heavy rare earth metals due to their pivotal role in various technological applications.
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-2.7%
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Namibia Critical Metals Inc. (NCMI) closed a non-brokered private placement, issuing 8,333,333 units at $0.06 per unit, consisting of one common share and one warrant each. The proceeds will fund marketing and general corporate purposes, with insiders acquiring $257,000 of the placement. The common shares and warrants are subject to a four-month hold period, expiring April 23, 2024.
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Namibia Critical Metals Inc. (NCMI) completes the final phase of drilling for its Pre-Feasibility Study (PFS) on the 'Lofdal 2B-4' heavy rare earth project, with 10,823 m drilled in 56 boreholes. The company expects to receive assays in January 2024 and an updated resource statement in February 2024.
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-8.89%
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Namibia Critical Metals Inc. (TSXV:NMI)(OTCQB:NMREF) intends to complete a non-brokered private placement of up to $500,000, with each unit offered at a price of $0.06. The private placement represents a 7.7% discount to the closing price of the common shares on November 17, 2023. Bannerman Energy Ltd. has confirmed their intent to participate in the private placement up to a minimum amount of $209,000, representing their current pro rata ownership of the company of 41.8%. The private placement is subject to the approval of the TSX Venture Exchange and the proceeds will be used primarily to fund marketing and general corporate purposes.
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Namibia Critical Metals grants 4.3 million incentive stock options
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Namibia Critical Metals completes RC drilling campaign for PFS study on Lofdal 2B-4 project, confirms mineralized zones and discovers larger zone in western periphery, test work continues at SGS Lakefield, optimistic to deliver competitive PFS by mid next year.
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NAMIBIA CRITICAL METALS
OTC:NMREF
NMREF Rankings
NMREF Stock Data
6.74M
70.24M
64.61%
1.06%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Halifax