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Namibia Critical Metals raised Cdn. $1.15M from warrant exercises to fund its Tier-1 rare earth project with Japan’s JOGMEC.
Namibia Critical Metals Inc. raised Cdn.
$1,154,762 from the full exercise of 14.8 million common share purchase warrants, with proceeds to support general working capital.
The warrants, issued in November 2024 and December 2023, expired in November and December 2025, respectively.
The company is developing the Lofdal Project in Namibia, a Tier-1 heavy rare earth deposit rich in dysprosium and terbium, critical for clean energy technologies.
The project is fully permitted and part of a joint venture with Japan’s JOGMEC, which holds a 40% interest after completing Term 2 and is on track to earn up to 50% with further funding.
The company retains a 95% stake, with 5% reserved for historically disadvantaged Namibians.
Namibia Critical Metals ha recaudado Cdn. 1,15 millones de dólares procedentes de ejercicios de warrant para financiar su proyecto de tierras raras de nivel 1 con el JOGMEC de Japón.