This investment capitalizes the new joint venture company as it advances the Lofdal Project through completion of the DFS and toward a Final Investment Decision (“FID”). Transition to Non-Dilutive Pre-FID Funding Completion of the earn-in represents an important transition in the development of the Lofdal Joint Venture. The Project continues to advance under a fully funded Definitive Feasibility Study, including pilot-scale metallurgical programs, mineral separation testwork, detailed engineering, environmental permitting and mine development planning. Article content About Namibia Critical Metals Inc. Namibia Critical Metals Inc. is developing the Lofdal Heavy Rare Earth Project in Namibia, one of the few advanced heavy rare earth projects globally and among the largest known undeveloped sources of dysprosium, terbium and yttrium. Namibia Critical Metals owns a 95% interest in the Lofdal project with the remaining 5% held for the benefit of Historically Disadvantaged Namibians.