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An announcement from Namibia Critical Metals Inc ( (TSE:NMI) ) is now available.
Namibia Critical Metals Inc. has filed an independent NI 43-101-compliant Pre-Feasibility Study for its Lofdal Heavy Rare Earths 2B-4 project in Namibia, confirming the potential for significant production of high-value heavy rare earths dysprosium, terbium and yttrium. The filing marks a key technical and de-risking milestone for the fully permitted project, which is being advanced with Japanese state-backed partner JOGMEC to secure long-term heavy rare earth supply for Japan; JOGMEC has already completed the second earn-in term and reached a 40% stake in Lofdal through C$10 million of expenditures, with total approved funding now at C$17.4 million toward a potential 50% interest.
The most recent analyst rating on (TSE:NMI) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Namibia Critical Metals Inc stock, see the TSE:NMI Stock Forecast page.
Spark’s Take on TSE:NMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NMI is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow). Technicals provide partial support with prices above major moving averages and neutral-to-positive momentum. Valuation remains pressured because the company is loss-making and offers no dividend yield.
To see Spark’s full report on TSE:NMI stock, click here.
More about Namibia Critical Metals Inc
Namibia Critical Metals Inc. is a Canadian-listed mineral exploration and development company focused on the Lofdal heavy rare earth project in Namibia, a Tier-1 deposit rich in dysprosium and terbium used in permanent magnets for electric vehicles, wind turbines and advanced electronics. Operating in a geopolitically stable mining jurisdiction and targeting secure supply chains for strategic customers such as Japan, the company is advancing Lofdal under a joint venture with Japan Organization for Metals and Energy Security (JOGMEC), which is funding project development to earn up to a 50% interest while historically disadvantaged Namibians retain a carried stake.
Average Trading Volume: 147,294
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$46.61M
For detailed information about NMI stock, go to TipRanks’ Stock Analysis page.