32 C
Supported byspot_img

Namibia Critical Metals Expedites Development of Lofdal Heavy Rare Earths Project as JOGMEC Intensifies Funding Support

Member of Europium Groupspot_img
Supported byspot_img

Namibia Critical Metals Inc. reported that its joint venture partner, JOGMEC, has approved an additional $1,250,000 in funding, bringing the total budget for the period until March 31, 2024, to $13,050,000.

Darrin Campbell, President of Namibia Critical Metals expressed his satisfaction, stating:

“We are extremely pleased with the continued support of our partner, JOGMEC. This accelerated funding will allow us to complete pilot plant hydrometallurgical test work as well as other important technical studies to finalize our pre-feasibility study for the large-scale Lofdal 2B-4 project.

Supported by

NCMI intends to leverage advanced technologies and innovative methodologies to optimize processes and enhance the efficiency of mineral extraction and refining techniques developed in our 2022 PEA. The parallel technical studies will be conducted to support the ongoing pre-feasibility study, with the goal of fostering a comprehensive understanding of the mining potential of Lofdal.”


Source: yahoo finance

Supported byElevatePR Digital

Related News

Coal India expands into graphite mining with new license

Coal India Limited (CIL) is diversifying its operations beyond coal for the first time by entering the graphite mining sector. The Ministry of Mines...

Latin America’s chance to redefine mining and drive the global energy transition

Latin America's tumultuous relationship with mining dates back to the conquistadors' plundering of gold and silver for the Spanish crown. Following independence, the arrival...

U.S. faces critical mineral supply challenges: Urgent policy reforms required for energy security

The global shift towards electrified economies is redefining energy security, as the demand for essential metals like lithium, graphite, copper and rare earth minerals...

Cornish Metals finalizes $4.5 million royalty sale to focus on South Crofty tin project in UK

Cornish Metals Inc., a mineral exploration and development company focused on its 100% owned and permitted South Crofty tin project in Cornwall, UK, has...
Supported by
Supported by
Supported by
error: Content is protected !!