| Description | Namibia Critical Metals Inc. holds a diversified portfolio of exploration and advanced
stage projects in the country of Namibia focused on the development of sustainable and
ethical sources of metals for the battery, electric vehicle and associated industries. The
Company also holds significant land positions in areas favourable for gold mineralization. The Lofdal Heavy Rare Earth Dysprosium-Terbium Project is the Companys most
Namibia Critical Metals Inc. is a Canadian public company which is developing the Tier-1 Heavy Rare Earth Project, Lofdal. Lofdal is a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals has become a repeated concern for manufacturers and end users. Namibia is a proven and stable mining jurisdiction. The Lofdal Project is fully permitted with a 25-year Mining License and is under a Joint Venture Agreement with Japan Organization for Metals and Energy Security (JOGMEC). In addition to the Lofdal Heavy Rare Earths Project, which offers a sustainable supply of dysprosium and terbium, the Company is now a major player in an emerging gold district in Namibia.
The project is being developed in joint venture with Japan Oil, Gas and Metals National
Corporation (JOGMEC) to provide a sustainable supply of heavy rare earths to Japan,
most notably dysprosium and terbium.
Additional info from OTC:
Namibia Critical Metals Inc. holds a diversified portfolio of exploration and advanced
stage projects in the country of Namibia focused on the development of sustainable and
ethical sources of metals for the battery, electric vehicle and associated industries. The
Company also holds significant land positions in areas favourable for gold mineralization. The Lofdal Heavy Rare Earth Dysprosium-Terbium Project is the Companys most
Namibia Critical Metals Inc. is a Canadian public company which is developing the Tier-1 Heavy Rare Earth Project, Lofdal. Lofdal is a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals has become a repeated concern for manufacturers and end users. Namibia is a proven and stable mining jurisdiction. The Lofdal Project is fully permitted with a 25-year Mining License and is under a Joint Venture Agreement with Japan Organization for Metals and Energy Security (JOGMEC). In addition to the Lofdal Heavy Rare Earths Project, which offers a sustainable supply of dysprosium and terbium, the Company is now a major player in an emerging gold district in Namibia.
The project is being developed in joint venture with Japan Oil, Gas and Metals National
Corporation (JOGMEC) to provide a sustainable supply of heavy rare earths to Japan,
most notably dysprosium and terbium. |
|---|