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Namibia and JOGMEC boost Lofdal rare earth project funding.
Namibia Critical Metals and Japan’s JOGMEC have amended a joint venture agreement to boost funding for the Lofdal heavy rare earths project by C$3 million.
The new terms support a feasibility study and allow JOGMEC to provide non-dilutive capital to accelerate development.
The project, located in Namibia, aims to secure a steady supply of heavy rare earths essential for electric vehicles and wind turbines, aligning with Japan’s strategic interests.
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Namibia y JOGMEC aumentan la financiación del proyecto Lofdal de tierras raras.