Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NMI") (TSXV:NMI)(OTCQB:NMREF) is pleased to announce the results of its Pre-Feasibility Study ("PFS") for the Lofdal Heavy Rare Earths Project "Lofdal 2B-4" ("Lofdal" or the "Project") in Namibia.
The Lofdal deposit has the potential for significant production of dysprosium ("Dy"), terbium ("Tb") and yttrium ("Y") which are the main economic drivers for the Lofdal project. The PFS presents a Base Case - representing a conservative but realistic post-normalization scenario, assuming partial easing of China's recent export bottlenecks and a Divergent Case - consistent with consensus divergence pricing logic and the geopolitical reality of prolonged export controls, slow non-Chinese separation build-out and rising strategic demand from OEMs.
The Project is being developed in joint venture with Japan Organization for Metals and Energy Security ("JOGMEC") targeting a long term, sustainable supply of heavy rare earths to Japan.
Source:www.namibiacriticalmetals.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein