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Namibia Critical Metals Inc V.NMI

Alternate Symbol(s):  NMREF

Metals & Mining Industrial Metals & Minerals
Namibia Critical Metals Inc. is a Canada-based company that is engaged in exploring and developing a diversified portfolio of critical metals properties. The Company's projects include Lofdal Heavy Rare Earths Project; Grootfontein Gold, Nickel-Copper, Zinc-Lead-Vanadium Project; Otjiwarongo Rare Earths and Gold Project, and Erongo Gold Project. The Company develops Lofdal Heavy Rare Earths Project, which has a deposit of the heavy rare earth metals, dysprosium and terbium. This project is fully permitted with a 25-year mining license and is under a joint venture agreement with the Japan Organization for Metals and Energy Security. The Grootfontein Gold, Nickel-Copper, Zinc-Lead-Vanadium Project area comprises two exclusive prospecting licenses covering approximately 1,392 square kilometers (km2) located 80 kilometers northeast of B2 Gold's Otjikoto Gold Mine and 20 kilometers northeast of Osino Resources Otjikoto East Project. The Erongo Gold Project covers an area of around 263 km2.


TSXV:NMI - Post by User

Namibia Critical Metals Inc
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  • 123buyholdhopeX
Comment by 123buyholdhopeon Apr 12, 2023 7:32am
106 Views
Post# 35390057

RE:News release....4/11/23...

RE:News release....4/11/23...Disconcerting that there was no interest expressed by Japanese companies at a level that JOGMEC found acceptable for this HRE project. Then a trifling sum paid to get to the 40% ownership level. More an outward act of public confidence by JOGMEC after this set back. Maybe JOGMEC is not interested in supporting NCM to the degree they have Lynas.

Will NCM restructuring in the future lead to a spinoff of the HRE? 

Bannerman is in the wings with theiir major NCM holding. Are they holding as an investment in NCM and their HRE for the longer term, or as a chance to combine with their own uranium project to sell out to e.g. a Chinese metals entity (now that would see some market fireworks)?

Time will tell.

I hold

Dyodd.

GLTA - https://twitter.com/EarthsRare
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