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Namibia Critical Metals Inc ( (TSE:NMI) ) has shared an update.
Namibia Critical Metals Inc. announced the successful outcomes of its Annual General Meeting, where shareholders approved all proposed matters, including the re-election of directors, the stock option plan, and the appointment of auditors. The company’s strategic partnership with JOGMEC has advanced, with JOGMEC earning a 40% interest in the Lofdal project by meeting expenditure requirements, highlighting the project’s progress and potential impact on the rare earth industry.
More about Namibia Critical Metals Inc
Namibia Critical Metals Inc. is engaged in the development of the Lofdal Heavy Rare Earth Project, a significant deposit of dysprosium and terbium, which are critical for technologies such as electric vehicles and wind turbines. The company operates in Namibia, a stable mining jurisdiction, and has a joint venture with the Japan Organization for Metals and Energy Security (JOGMEC), which aims to secure resource supplies for Japan.
Average Trading Volume: 57,673
Technical Sentiment Signal: Buy
Current Market Cap: C$13.07M
Find detailed analytics on NMI stock on TipRanks’ Stock Analysis page.