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The latest update is out from Namibia Critical Metals Inc ( (TSE:NMI) ).
Namibia Critical Metals Inc. has successfully completed pilot-scale hydrometallurgical tests at their Lofdal HREE project, leading to the production of a high purity rare earth carbonate product with a simplified processing flow sheet, reducing reagent consumption. The company’s joint venture partner, JOGMEC, has increased its financial commitment, demonstrating confidence in the project, which is critical as they advance towards a Pre-Feasibility Study (PFS) report amid rising inflationary costs.
More about Namibia Critical Metals Inc
Namibia Critical Metals Inc. operates in the mining industry, focusing on the exploration and development of heavy rare earth elements (HREE) projects. The company’s primary project is the Lofdal deposit, where they aim to produce high purity rare earth element carbonate products. Their market focus includes strategic partnerships, exemplified by their collaboration with JOGMEC.
YTD Price Performance: 26.67%
Average Trading Volume: 56,903
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.28M
Find detailed analytics on NMI stock on TipRanks’ Stock Analysis page.
