Namibia Critical Metals Files NI 43‑101 Pre‑Feasibility Study for Lofdal Heavy Rare Earths Project

Namibia Critical Metals Inc. (TSXV: NMI, OTCQB: NMREF) has filed an independent NI 43‑101 Pre‑Feasibility Study (PFS) technical report for its Lofdal Heavy Rare Earths Project 2B‑4 in Namibia, marking a key milestone in the advancement of the project. The PFS, prepared under the supervision of a qualified person from SGS Bateman (Pty) Ltd., outlines the deposit’s strong potential to produce high‑value heavy rare earth elements such as dysprosium, terbium and yttrium, which are critical for electric vehicles, renewable energy and advanced electronics. The Lofdal Project is being developed through a joint venture with Japan Organization for Metals and Energy Security (JOGMEC), aimed at securing a long‑term and sustainable supply of heavy rare earths to Japan. The project benefits from a 25‑year mining licence and favourable mining jurisdiction in Namibia. According to the PFS, the study establishes robust economic and technical foundations for the project, positioning Lofdal as one of the few advanced heavy rare earths developments outside China and underpinning its strategic importance in diversifying global supply chains. #RareEarthMetals #NamibiaCriticalMetals #LofdalProject #CriticalMinerals #SlimScan #GrowthStocks #CANSLIM