Namibia Critical Metals secures up to C$11 million to advance Lofdal rare earth DFS phase

Reuters2026/07/20 22:34

By:Reuters

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Namibia Critical Metals launched the next phase of its Lofdal definitive feasibility study, backed by up to about C$ 11 million in additional funding.
The expanded work targets in-country value addition, testing production of separate light rare earth carbonate, heavy rare earth carbonate via integrated hydrometallurgical processing.
SGS Canada won the first major metallurgical, geometallurgical contracts, covering pilot-scale flotation, hydrometallurgical piloting, rare earth separation, variability testing.
The program aims to generate engineering data for updated plant design, improve recoveries, cut reagent use, support financing, de-risk processing ahead of DFS completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Namibia Critical Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607201833NEWSFILECNPR____20260720_305877_1) on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Namibia Critical Metals secures up to C$11 million to advance Lofdal rare earth DFS phase

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