Namibia Critical Metals Inc (TSE:NMI) has released an update.
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Namibia Critical Metals Inc. has announced positive outcomes from their optimization program for the Lofdal Heavy Rare Earth Project, indicating significant operational cost reductions compared to earlier financial estimates. The company has been focusing on enhancing the hydrometallurgical process, which has shown promising results in rare earth element extraction efficiency and reagent use reduction. These advancements are expected to refine the project’s beneficiation flowsheet and improve overall project economics.
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