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Namibia Critical Metals Welcomes Toyota Tsusho as Strategic Partner in the Lofdal Heavy Rare Earths Project
HALIFAX, NS / ACCESS Newswire / March 17, 2026 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) is pleased to announce that Toyota Tsusho Corporation ("Toyota Tsusho") has been selected ...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"HALIFAX, NS / ACCESS Newswire / March 17, 2026 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) is pleased to announce that Toyota Tsusho Corporation ("Toyota Tsusho") has been selected as the successful bidder in the public tender process conducted by Japan Organization for Metals and Energy Security ("JOGMEC") and will join the Lofdal Heavy Rare Earths Project as part of JOGMEC's ownership interest.","length":519,"tagName":"p"},{"type":"text","content":"Toyota Tsusho is the global trading and industrial supply chain arm of the Toyota Group and one of Japan's largest trading houses. The company plays a central role in securing strategic materials for the automotive, energy transition and advanced technology sectors. Toyota Tsusho owns a Rare Earth Separation & Refinery facility in India which has been operating for over 10 years.","length":390,"tagName":"p"},{"type":"text","content":"The introduction of Toyota Tsusho as a strategic partner further strengthens the industrial foundation of the Lofdal Project and enhances its position as a future supplier of dysprosium and terbium - two of the most critical and supply-constrained rare earth elements required for high-performance permanent magnets.","length":316,"tagName":"p"},{"type":"text","content":"Strategic Highlights:","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Industrial Anchor Partner Added with Direct Off-take Options:Toyota Tsusho brings global supply chain capabilities, downstream market access and deep experience in critical mineral development. The company operates rare earth processing and manufacturing facilities in India.","length":276,"tagName":"p"}]},{"val":[{"type":"text","content":"Alignment with Japanese Industrial Demand:The participation of both JOGMEC and Toyota Tsusho strengthens Lofdal's strategic alignment with Japanese industry's long-term requirements for secure heavy rare earth supply.","length":226,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhanced Development Pathway:The addition of a major industrial partner provides increased confidence in the project's pathway toward development, financing and future commercialization.","length":191,"tagName":"p"}]},{"val":[{"type"...