Namibia Critical Metals Inc. Files NI 43-101 Pre-Feasibility Study Technical Report for the Lofdal Heavy Rare Earths “2B-4” Project
HALIFAX, NS / ACCESS Newswire / January 13, 2026 / Namibia Critical Metals Inc. (“Namibia Critical Metals” or the “Company” or “NCMI”) (TSXV:NMI)(OTCQB:NMREF) is pleased to announce the filing of the independent NI 43-101 Pre-Feasibility Study (“PFS”) for the Lofdal Heavy Rare Earths Project “2B-4” (“Lofdal” or the “Project”) in Namibia.
The Lofdal deposit has the potential for significant production of dysprosium (“Dy”), terbium (“Tb”) and yttrium (“Y”) which are the main economic drivers for the Lofdal project.
The Project is being developed in joint venture with Japan Organization for Metals and Energy Security (“JOGMEC”) targeting a long term, sustainable supply of heavy rare earths to Japan.
As previously reported on December 3, 2025, the NI 43-101 compliant report entitled Lofdal Heavy Rare Earths Project 2B-4 Pre-Feasibility Study (PFS) Namibia (“the Report”) was independently prepared by SGS Bateman (Pty) Ltd. as the principal author under the supervision of Joseph Keane who is a Qualified Person in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects.
Darrin Campbell, President of Namibia Critical Metals stated:
“The quality and depth of this Report reflect the work of SGS and a team of highly respected global experts. The Company extends its appreciation to all contributors for their professionalism, technical rigor, and dedication in delivering this comprehensive Report.”
About Namibia Critical Metals Inc.
NCMI is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals have become a repeated concern for manufacturers and end users. Namibia is a proven and stable mining jurisdiction.
The Lofdal Project is fully permitted with a 25-year Mining License and is under a Joint Venture agreement with Japan Organization for Metals and Energy Security (JOGMEC).
About Japan Organization for Metals and Energy Security (JOGMEC) and the JV
JOGMEC is a Japanese government independent administrative agency which seeks to secure stable resource supplies for Japan. JOGMEC has a strong reputation as a long term, strategic partner in mineral projects globally. JOGMEC facilitates opportunities with Japanese private companies to secure supplies of natural resources for the benefit of the country’s economic development.
