Japanese group gets involved in Namibia’s Lofdal rare earths project

TSX-V-listed Namibia Critical Metals has found a strong technical and financial partner to advance its Lofdal heavy rare earth project in an agreement that is non-dilutive to its shareholders.

The company signed an agreement with Japan Oil, Gas and Metals National Corporation (Jogmec) to jointly explore, develop, exploit, refine and/or distribute mineral products from Lofdal, in the Kunene region of north-western Namibia.