Namibia Critical Metals Inc. Announces New Rare Earths Mine with $29 Million Power Infrastructure Investment
Reuters
Dec 04, 2025
<a href="https://laohu8.com/S/NMREF">Namibia Critical Metals Inc.</a> Announces New Rare Earths Mine with $29 Million Power Infrastructure Investment
Namibia Critical Metals Inc. has announced plans for the development of the Lofdal Heavy Rare Earths 2B-4 Project in Namibia. The project includes the construction of a new 200 km, 132 kV transmission line and a 132/11 kV (20 MVA) main incoming substation, with an estimated capital expenditure of US$29 million for bulk power infrastructure. The mine will be linked to the main road network via road D2625 and a newly constructed 10 km gravel road. The processing plant, designed by SGS Bateman, will feature crushers and sorters, a concentrator, and a refinery. The current mine life is estimated at 13 years, with potential for extension through further drilling and resource development. A NI 43-101 compliant pre-feasibility study will be filed on SEDAR within 45 days.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Namibia Critical Metals Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1114554) on December 03, 2025, and is solely responsible for the information contained therein.
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