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Namibia Critical Metals Inc ( (TSE:NMI) ) just unveiled an announcement.
Namibia Critical Metals Inc. announced the granting of 4,350,000 incentive stock options to its employees, consultants, officers, and directors as part of its remuneration and incentive program. This move is part of the company’s strategic efforts to enhance its operational capabilities and align its workforce with its growth objectives. The stock options are exercisable over five years at the closing price of $0.105 per share. The announcement reflects the company’s ongoing commitment to its stakeholders and its strategic partnership with JOGMEC, which has already completed significant investment milestones in the Lofdal project, highlighting the project’s importance in the rare earth metals market.
More about Namibia Critical Metals Inc
Namibia Critical Metals Inc. is engaged in the development of the Tier-1 Heavy Rare Earth Project, Lofdal, which is a significant deposit of heavy rare earth metals such as dysprosium and terbium. These metals are crucial for manufacturing permanent magnets used in electric vehicles, wind turbines, and other electronics. The company operates in Namibia, a stable mining jurisdiction, and has a joint venture with the Japan Organization for Metals and Energy Security (JOGMEC) to secure resource supplies.
Average Trading Volume: 92,996
Technical Sentiment Signal: Hold
Current Market Cap: C$22.87M
For an in-depth examination of NMI stock, go to TipRanks’ Overview page.