Business
Namibia Critical Metals Announces Grant of Stock Options
HALIFAX, NS / ACCESS Newswire / July 28, 2025 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) announced today, pursuant to the requirements of the TSX Venture Exchange, that its board of ...
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[{"type":"text","content":"HALIFAX, NS / ACCESS Newswire / July 28, 2025 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) announced today, pursuant to the requirements of the TSX Venture Exchange, that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan as part of the overall remuneration and incentive program for its employees, consultants, officers and directors. A total of 4,350,000 Options were granted.","length":544,"tagName":"p"},{"type":"text","content":"All the Options are exercisable for a period of five years at a price of $0.105 per Common Share being the closing price of the Company's common shares on the TSX Venture Exchange on July 25, 2025.","length":201,"tagName":"p"},{"type":"text","content":"About Namibia Critical Metals Inc.","length":34,"tagName":"p"},{"type":"text","content":"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.","length":526,"tagName":"p"},{"type":"text","content":"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).","length":171,"tagName":"p"},{"type":"text","content":"About Japan Organization for Metals and Energy Security (JOGMEC) and the JV","length":75,"tagName":"p"},{"type":"text","content":"JOGMEC 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.","length":382,"tagName":"p"},{"type":"text","content":"Rare earth elements are of critical importance ...