Namibia Critical Metals Inc. has announced significant progress in its Lofdal Dysprosium-Terbium Project, highlighting the strategic investment by its partner JOGMEC into a rare earth separation plant in France. The company is advancing its Prefeasibility Study with promising results in value engineering, aiming to enhance operational efficiency and reduce costs. This development is particularly timely given global supply disruptions and export restrictions, positioning Namibia Critical Metals as a key player in the heavy rare earth market.
Namibia Critical Metals Inc. operates in the mining industry, focusing on the extraction and development of rare earth elements. The company’s primary products include heavy rare earth elements such as dysprosium and terbium, with a market focus on diversifying supply chains for these critical materials.