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Namibia Critical Metals Inc. Receives Proceeds of $1,154,762 from Exercise of Warrants
HALIFAX, NS / ACCESS Newswire / December 22, 2025 / Namibia Critical Metals Inc. ("Namibia Cri...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"Namibia Critical Metals Inc. Receives Proceeds of $1,154,762 from Exercise of Warrants HALIFAX, NS / ACCESS Newswire / December 22, 2025 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\" or \"NMI\") (TSXV:NMI)(OTCQB:NMREF) today announced that, it has received proceeds of Cdn. $1,154,762 as a result of the full exercise of two separate tranches of previously issued common share purchase warrants totaling 14,761,904. Each whole warrant entitled the holder to receive one common share of the Company. The Company intends to use the proceeds of the warrant exercises for general working capital purposes.The first tranche of warrants exercised at $0.05 per warrant (total Cdn. $321,429) as of November 28, 2025 were issued in connection with the Company's non-brokered private placement offering of units completed in November 28, 2024 and were set to expire on November 28, 2025. The second tranche of warrants exercised at $0.10 per warrant (total Cdn.$833,333) were issued in connection with the Company's non-brokered private placement on December 22, 2023 and were set to expire on December 22, 2025.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 JVJOGMEC 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.Rare earth elements are of critical importance to J...