Namibia Metals’ Rare Earth Project Shows Promise

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

Namibia Critical Metals Inc. has announced the filing of an updated NI 43-101 Mineral Resource Estimate for their Lofdal Heavy Rare Earth Project in Namibia, highlighting its potential as a sustainable source of dysprosium and terbium. The project, a joint venture with Japan’s JOGMEC, stands out as one of only two primary xenotime projects worldwide. The estimate, prepared by The MSA Group, indicates promising prospects for economical extraction of heavy rare earths, essential for high-powered magnets.

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