Source: Namibia Critical Metals Inc.
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  • Namibia Critical Metals Inc. (NMI) provided an update on the development of its Lofdal Heavy Rare Earth project
  • The deposit has the potential for significant production of dysprosium and terbium, two of the most valuable heavy rare earth elements used in high powered magnets for electric vehicle motors and other high-tech applications
  • Lofdal is one of only two primary xenotime projects under development in the world, which requires pioneering processing approaches to this unusual type of rare earth mineralisation
  • Namibia Critical Metals (NMI) was trading steady at $0.16 a share as of 1:15pm ET

Namibia Critical Metals (NMI) updated the development of its Lofdal Heavy Rare Earth project.

The deposit has the potential for significant production of dysprosium and terbium, two of the most valuable heavy rare earth elements used in high powered magnets for electric vehicle motors and other high-tech applications.

The project is being developed in joint venture with Japan Oil, Gas and Metals National Corp. targeting a long term, sustainable supply of heavy rare earths to Japan.

Lofdal is one of only two primary xenotime projects under development in the world, which requires pioneering processing approaches to this unusual type of rare earth mineralization.

Namibia Critical Metals’ President, Darrin Campbell stated that with the Lofdal project, the team is aiming at a large-scale, long-term production of the most valuable rare earths, dysprosium, and terbium.

“The successful completion of the flotation test work program is a major milestone towards this goal. We have now proven that even the large tonnages of medium-grade resources can be beneficiated by a further simplified flow sheet using direct flotation of the run-of-mine ore. This unlocks further scale to the Lofdal project.”

The company has also completed an extended flotation test work program with more than 110 individual flotation test regimes. The current metallurgical bulk sample test program was amended to include flotation tests directly on the fresh, low-grade sample.

The most successful flotation test series on the milled bulk sample (P100 =53µm, P80=43µm) were performed by SGS Canada and resulted in exceptional upgrade ratios of between 22 and 27.

Grade-recovery curves for the key flotation tests by SGS. CP denotes bulk testing. Source: Namibia Critical Metals Inc.

Namibia Critical Metals Inc. (NMI) holds a diversified portfolio of exploration and advanced stage projects in Namibia focused on the development of sustainable and ethical sources of metals for the battery, electric vehicle, and associated industries. The two advanced-stage projects in the portfolio are Lofdal and Epembe. The Halifax, Nova Scotia-based company, also holds significant land positions in areas favourable for gold mineralization.

Namibia Critical Metals (NMI) was trading steady at $0.16 a share as of 1:15pm ET.


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