Namibia Critical Metals Advances Lofdal Feasibility Study

Namibia Critical Metals Inc. announced a new phase in the Lofdal Heavy Rare Earth Project, backed by approximately C$11 million in funding. This decision marks a significant step in the project's metallurgical development, supporting downstream rare earth processing in Namibia.

The company has awarded major contracts to SGS Canada Inc. The goal is to validate processing flows from ore production to rare earth carbonate products, crucial for the industry's supply chain.

The project aims to produce higher-value rare earth products in Namibia, aligning with national goals for upstream mineral processing. This strategy strengthens Namibia's role in the global supply chain for key rare earth elements like dysprosium and terbium.

This advancement supports Namibia's industrial development while providing diversified supply chains for electric vehicles and renewable energy technologies.