https://www.miningweekly.com
Gold|PROJECT
Gold|PROJECT
gold|project

Namibia Critical Metals sells noncore assets

20th March 2024

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Namibia Critical Metals has announced the sale of four non-material gold properties in Namibia to Sylla Gold.

Sylla will issue to Namibia Critical Metals three-million common shares at a deemed issuance price of $0.05 a share and make a cash payment of C$100 000.

This move reflects the company’s decision to concentrate fully on its Lofdal heavy rare earths project, with a view to deliver a prefeasiblity study in the second half of the year.

Lofdal is a globally significant deposit of the heavy rare earth metals dysprosium and terbium.

The project is under joint venture agreement with Japan’s Jogmec.

Edited by Creamer Media Reporter

Comments

 

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.09 0.125s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: