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Namibia Critical Metals Inc. Announces Positive Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project
HALIFAX, NS / ACCESS Newswire / December 3, 2025 / Namibia Critical Metals Inc. ("Namibia Crit...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"Namibia Critical Metals Inc. Announces Positive Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project HALIFAX, NS / ACCESS Newswire / December 3, 2025 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\" or \"NMI\") (TSXV:NMI)(OTCQB:NMREF) is pleased to announce the results of its Pre-Feasibility Study (\"PFS\") for the Lofdal Heavy Rare Earths Project \"Lofdal 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 PFS presents a Base Case - representing a conservative but realistic post-normalization scenario, assuming partial easing of China's recent export bottlenecks and a Divergent Case - consistent with consensus divergence pricing logic and the geopolitical reality of prolonged export controls, slow non-Chinese separation build-out and rising strategic demand from OEMs.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.Highlights:MetricBase CaseDivergent CaseNet Present Value (NPV, discount rate 5%)Pre-tax: US$389.2 millionAfter-tax: US$275.5 millionPre-tax: US$1,245.6 millionAfter-tax: US$747.9 millionInternal Rate of Return (IRR)Pre-tax: 21.7%After-tax: 19.0%Pre-tax: 44.1%After-tax: 34.8%Life-of-Mine Nominal Cash FlowPre-tax: US$709.6 millionAfter-tax: US$513.1 millionPre-tax: US$2,027.4 millionAfter-tax: US$1,242.3 millionPre-Production Capital CostsUS$273.4 millionSame as Base CaseTotal Capital CostsUS$347.9 million (including contingency of US$57.4 million)Same as Base CaseCapital Payback Period (after-tax)4.2 years2.75 yearsAverage Annual Production1,478 tonnes TREO (ex La, Ce), including: 119 t Dy, 17.8 t Tb, 841 t YSame as Base CaseMine Plan32 million tonnes Proven and Probable ReservesSame as Base CaseEstimated Life of Mine13-year mine lifeSame as Base CaseMetricBase CaseDivergent CaseRare Earth Oxide Prices Used (average Life of Mine)Dy203:US$663/kgTb203: US$2,880/kgY203: US$60/kgNd203: US$114/kgPr6011: US$119/kgDy203:US$855/kgTb203: US$3,712/kgY203: US$130/kgNd203: US$146/kgPr6011: US$152/kgBasket Price (average Life of Mine pricing)US$158/kg excluding LaCeUS$23...