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 Inc. announced that its partner, JOGMEC, has committed an additional C$300,000 to the ongoing Lofdal joint venture exploration program. This brings JOGMEC's total approved expenditures to C$10,375,000, fulfilling the Term 2 Expenditure requirement of C$10 million needed to acquire a 40% interest in the Lofdal Project by May 31, 2023. The company is restructuring to facilitate this interest and is preparing to present a Preliminary Economic Assessment and Preliminary Feasibility Study to Japanese companies in late June 2023. The Lofdal project has a projected life of mine cash flow of USD$1.1 billion over 16 years, targeting the production of valuable heavy rare earth elements like dysprosium and terbium. Namibia Critical Metals owns a 95% interest in the project, which is fully permitted and under a joint venture with JOGMEC.
Namibia Critical Metals Inc. (NMREF) has successfully secured approval for its common shares to trade on the OTCQB Venture Market, enhancing access for U.S. investors. This transition from the Pinks listing to OTCQB significantly increases global visibility and simplifies trading. The company’s Lofdal Project, notable for its heavy rare earth elements, is fully permitted with a robust post-tax NPV of USD $391 million and an annual IRR of 28%. The non-dilutive nature of this move ensures that existing shareholders will not face share dilution. As a result, Namibia Critical Metals aims to deepen investor engagement amidst rising interest in the rare earth sector.
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