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Namibia's Lofdal project advances with a study backing its role as a secure source of vital rare earths for clean tech.
Namibia Critical Metals Inc. has released a NI 43-101 Pre-Feasibility Study for its Lofdal heavy rare earths project in Namibia, highlighting its potential to produce critical elements like dysprosium, terbium, and yttrium essential for clean energy and high-tech industries.
The study, conducted by SGS Bateman, supports the project’s viability as a secure, long-term source of heavy rare earths.
Developed in a joint venture with Japan’s JOGMEC, which has already completed two funding phases and holds a 40% stake with potential to increase to 50%, the project benefits from a 25-year mining license and aims for commercial production.
Namibia Critical Metals owns 95% of the project, with 5% reserved for Historically Disadvantaged Namibians.
El proyecto Lofdal de Namibia avanza con un estudio que respalda su papel como fuente segura de tierras raras vitales para la tecnología limpia.