Namibia Critical Metals Inc (TSE:NMI)
:NMI
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Namibia Critical Metals Inc
(NMI)
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Rating:45Neutral
Price Target:
C$0.21
▼(-12.50% Downside)
Action:Reiterated
Date:04/24/26
The score is held back primarily by pre-revenue operations with ongoing losses and negative free cash flow, implying continued funding/dilution risk. A debt-free balance sheet provides stability, but technicals remain soft (below key short-term averages) and valuation metrics are unfavorable due to negative earnings.
Positive Factors
Low leverage / debt-free balance sheet
A near-zero debt position materially reduces refinancing and interest burden risk for an exploration-stage company. This durable strength increases financial flexibility to fund technical studies or partner on development without fixed creditor obligations, preserving optionality through multi-month cycles.
Negative Factors
Pre-revenue operations
Being pre-revenue is a persistent structural limitation: without operating income the company must repeatedly access capital markets or partners to advance the project. This increases dilution and execution uncertainty and places project progression at the mercy of financing cycles rather than internal cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / debt-free balance sheet
A near-zero debt position materially reduces refinancing and interest burden risk for an exploration-stage company. This durable strength increases financial flexibility to fund technical studies or partner on development without fixed creditor obligations, preserving optionality through multi-month cycles.
Read all positive factors
Namibia Critical Metals Inc (NMI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$46.52M
Dividend YieldN/A
Average Volume (3M)147.13K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue GrowthN/A
EPS Growth-60.00%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding232,586,780
10 Day Avg. Volume94,261
30 Day Avg. Volume147,135
Financial Highlights & Ratios
PEG Ratio-1.90
Price to Book (P/B)1.97
Price to Sales (P/S)0.00
P/FCF Ratio-47.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Namibia Critical Metals Inc Business Overview & Revenue Model
Company Description
Namibia Critical Metals Inc., together with its subsidiaries, engages in the exploration and development of critical metals properties in Namibia. It explores for heavy rare earths, gold, cobalt, copper, lead, zinc, nickel, vanadium, tantalum, lit...
How the Company Makes Money
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Namibia Critical Metals Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -807.42K | -582.32K | -612.15K | -980.82K | -430.41K |
| Net Income | -806.16K | -570.77K | -2.28M | -632.58K | -5.34M |
Balance Sheet | |||||
| Total Assets | 25.19M | 25.44M | 25.70M | 27.60M | 27.95M |
| Cash, Cash Equivalents and Short-Term Investments | 1.12M | 1.25M | 1.24M | 1.04M | 1.16M |
| Total Debt | 0.00 | 0.00 | 40.00K | 39.32K | 34.65K |
| Total Liabilities | 459.60K | 896.89K | 1.51M | 1.29M | 2.19M |
| Stockholders Equity | 24.93M | 24.82M | 24.46M | 26.50M | 25.92M |
Cash Flow | |||||
| Free Cash Flow | -1.03M | -910.82K | 132.82K | -850.91K | -720.44K |
| Operating Cash Flow | -1.03M | -910.82K | 132.82K | -827.20K | 447.76K |
| Investing Cash Flow | 293.02K | 25.31K | 143.20K | -64.81K | -1.16M |
| Financing Cash Flow | 576.43K | 895.56K | 0.00 | 736.64K | 1.35M |
Namibia Critical Metals Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$67.94M | 10.45 | 6.47% | ― | 3.46% | -19.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$37.04M | -14.37 | -123.28% | ― | ― | -58.46% | |
46 Neutral | C$100.98M | -16.79 | 40.99% | ― | ― | -16.90% | |
45 Neutral | C$46.52M | -103.33 | -3.27% | ― | ― | -60.00% | |
44 Neutral | C$43.96M | -56.03 | -10.21% | ― | 3425.98% | 81.88% | |
43 Neutral | C$63.18M | -38.13 | -3.68% | ― | ― | 30.11% |
* General Sector Average
TSE:NMI
Namibia Critical Metals Inc
0.20
0.14
233.33%
TSE:LCE
Century Lithium
0.35
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-12.50%
TSE:FT
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0.17
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175.00%
TSE:GMA
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0.27
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96.30%
TSE:OGD
Orbit Garant Drill
1.78
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31.85%
TSE:LBNK
LithiumBank Resources Corp.
0.58
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141.67%
Namibia Critical Metals Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Namibia Critical Metals Hires Metallurgy VP to Drive Lofdal Rare Earths Project
Positive
Apr 13, 2026
Namibia Critical Metals has appointed veteran hydrometallurgical specialist Niels Verbaan as Vice President, Metallurgy to lead process development at its Lofdal Heavy Rare Earth Project in Namibia. Verbaan, who brings more than 25 years of global...
Business Operations and StrategyPrivate Placements and Financing
Namibia Critical Metals Secures Additional JOGMEC Funding to Advance Lofdal Rare Earths Project
Positive
Mar 30, 2026
Namibia Critical Metals Inc. has amended its earn-in agreement with Japan’s JOGMEC to boost funding for the Lofdal heavy rare earths project by an additional C$3 million, with the money earmarked to complete a Definitive Feasibility Study fo...
Business Operations and Strategy
Namibia Critical Metals Adds Toyota Tsusho as Strategic Partner at Lofdal Rare Earths Project
Positive
Mar 17, 2026
Namibia Critical Metals Inc. has brought in Toyota Tsusho Corporation as a strategic partner in its Lofdal Heavy Rare Earths Project, following a public tender run by Japan’s JOGMEC. The partnership adds a major industrial player with rare e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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