Namibia Critical Metals Raises C$1.15 Million From Warrant Exercises as JOGMEC-Funded Lofdal Project Advances

Namibia Critical Metals Inc ( (TSE:NMI) ) has issued an update.

Namibia Critical Metals Inc. has strengthened its balance sheet with C$1,154,762 in proceeds from the full exercise of 14,761,904 common share purchase warrants from two earlier private placement financings, with the funds earmarked for general working capital. The warrant exercises, ahead of their scheduled expiries, signal continued investor support as JOGMEC has already completed the second earn-in term and secured a 40% interest in the Lofdal heavy rare earth project, bringing total approved funding close to the C$20 million required to potentially increase its stake to 50%, which may further solidify Namibia Critical Metals’ position as a strategic supplier of critical heavy rare earths to global and particularly Japanese industrial markets.

More about Namibia Critical Metals Inc

Namibia Critical Metals Inc. is a Canadian-listed 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 stable mining jurisdiction, the fully permitted Lofdal project is advanced under a joint venture with Japan Organization for Metals and Energy Security (JOGMEC), which is funding staged expenditures to earn up to a 50% interest, underscoring Japanese strategic interest in securing heavy rare earth supply chains.

Average Trading Volume: 220,743

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$46.61M

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