Namibia Critical Metals Inc (TSE:NMI) has released an update.
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Namibia Critical Metals Inc. has entered into a Memorandum of Understanding with Copenhagen Atomics to negotiate the sale of thorium from its Lofdal Heavy Rare Earth Project, which could provide a new revenue stream by supplying an estimated 100 tonnes of thorium oxide annually. This strategic move will potentially turn a by-product into a profitable opportunity for the company and its stakeholders. Copenhagen Atomics is preparing for mass production of a thorium molten salt reactor, with commercial deployment expected by 2029.
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