Namibia Critical Metals forms Lofdal rare earths joint venture with JOGMEC, Toyota Tsusho

Reuters2026/07/30 21:27

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Namibia Critical Metals’ Japan partners JOGMEC, Toyota Tsusho formed TJ Namibia Rare Earths to hold a 50% interest in Lofdal.
Japan completed a C$ 23 million earn-in by funding the expanded DFS budget, triggering the 50% participating interest.
JOGMEC committed up to C$ 47.67 million equity into the JV company; an initial investment closed July 23, 2026.
Post earn-in spending shifts to non-dilutive, non-interest-bearing Pre-FID capital funding through a final investment decision.

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: 202607301712NEWSFILECNPR____20260730_307381_1) on July 30, 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 forms Lofdal rare earths joint venture with JOGMEC, Toyota Tsusho

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