Namibia Critical Metals Inc (TSE:NMI) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Namibia Critical Metals Inc. has agreed to sell four of its non-core gold properties in Namibia to Sylla Gold Corp. for 3 million common shares and $100,000 cash, refocusing its efforts on the Lofdal Heavy Rare Earth Project. The strategic sale allows NCMI to concentrate on developing Lofdal, a significant source of the critical rare earth elements dysprosium and terbium, which are crucial for high-tech applications like electric vehicles and wind turbines.
For further insights into TSE:NMI stock, check out TipRanks’ Stock Analysis page.