Namibia Critical Metals Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Darrin Campbell
- Full Time Employees
- 4
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Sun Tower Halifax NS Canada B4A 1E6
- IPO Date
- Apr 14, 2011
- Website
- namibiacriticalmetals.com
- Similar Companies
- Business
- Namibia Critical Metals Inc. (TSXV:NMI, OTC:NMREF) is a Canada-based exploration and development company focused on critical metals projects in Namibia, including the Tier-1 Lofdal Heavy Rare Earth Project and a diversified portfolio targeting rare earth elements, gold, cobalt, copper, lead, zinc, nickel, vanadium, and lithium deposits. The company's core asset is the fully permitted Lofdal project, featuring a globally significant deposit of heavy rare earths such as dysprosium and terbium for use in permanent magnets powering electric vehicles, wind turbines, and electronics; it operates under a joint venture agreement with Japan Organization for Metals and Energy Security (JOGMEC), which funds exploration and development activities. Additional services encompass property acquisition, geological exploration, resource evaluation, and feasibility studies across multiple mineral properties in stable Namibian jurisdictions. Recent developments include the announcement of a positive Preliminary Economic Assessment (PEA) for the expanded Lofdal "2B-4" project, projecting a $632.7 million pre-tax NPV and highlighting production potential of mixed rare earth oxides over 16 years; JOGMEC approved an additional $1.154 million budget increase for Lofdal work in January 2025; and renewal of the Environmental Clearance Certificate for the project to support mining license conversion. In 2023, the company formed the Rare Earth Alliance Namibia joint venture via a memorandum of understanding with partners to conduct a feasibility study for a rare earth separation plant aimed at producing metals for permanent magnets. These initiatives underscore strategic expansions in processing capabilities, power optimization studies (including photovoltaic, battery, diesel backup, and grid options), and progression toward a Pre-Feasibility Study (PFS) targeted for Q1 2025 completion. Founded in 2010 and formerly known as Namibia Rare Earths Inc. until its name change in May 2018, Namibia Critical Metals maintains corporate headquarters at Suite 802, Sun Tower, 1550 Bedford Highway, Halifax, Nova Scotia, Canada, with operational offices in Windhoek, Namibia. The company targets manufacturers and end-users in energy transition and technology sectors, leveraging Namibia's proven mining stability amid global supply chain risks for critical minerals. Operations remain centered in Namibia's Kunene Region and Erongo uranium province through its wholly-owned subsidiary, Namibia Rare Earths (Pty) Ltd.
Company News
Apple faces growing iPhone demand concerns as delivery wait times shrink, UBS warns
Namibia Critical Metals nears close of Lofdal rare earths joint venture with JOGMEC, Toyota Tsusho
Namibia Critical Metals Provides Update on Lofdal Joint Venture Transaction
Namibia Critical Metals nears close of Lofdal rare earths joint venture with JOGMEC, Toyota Tsusho
Namibia Critical Metals Provides Update on Lofdal Joint Venture Transaction
Namibia Critical Metals advances Lofdal project as Japan completes C$23M earn-in
Namibia Critical Metals advances Lofdal project as Japan completes C$23M earn-in
Namibia Critical Metals Announces Completion of Japan's C$23 Million Earn-In and Formation of Strategic Joint Venture Company for the Lofdal Heavy Rare Earth Project
Amazon heads into earnings with Wall Street betting big on AWS
Namibia Critical Metals advances Lofdal rare earth project into next development phase
Namibia Critical Metals advances Lofdal rare earth project into next development phase
Namibia Critical Metals Launches Next Phase of Lofdal Definitive Feasibility Study Including Further Value Addition in Namibia
Namibia Critical Metals launches drill program at Lofdal rare earths project
Namibia Critical Metals Commences Exploration and Infill Drilling Programs and Welcomes Toyota-Tsusho Partners to Lofdal Site
Namibia Critical Metals Commences Exploration and Infill Drilling Programs and Welcomes Toyota-Tsusho Partners to Lofdal Site
Namibia Critical Metals launches drill program at Lofdal rare earths project
Namibia Critical Metals Announces Results of Annual General Meeting of Shareholders and Issuance of Options
Namibia Critical Metals hires veteran rare earths specialist for Lofdal development
Namibia Critical Metals Appoints Vice President, Metallurgy to Advance Lofdal Heavy Rare Earths Project Development
Namibia Critical Metals amends Lofdal JV with JOGMEC, adds funding for feasibility study