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Gold|PROJECT
Gold|PROJECT
gold|project

Namibia Critical Metals sells noncore assets

20th March 2024

By: Creamer Media Reporter

     

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TSX-V-listed Namibia Critical Metals has announced the sale of four non-material gold properties in Namibia to Sylla Gold.

Sylla will issue to Namibia Critical Metals three-million common shares at a deemed issuance price of $0.05 a share and make a cash payment of C$100 000.

This move reflects the company’s decision to concentrate fully on its Lofdal heavy rare earths project, with a view to deliver a prefeasiblity study in the second half of the year.

Lofdal is a globally significant deposit of the heavy rare earth metals dysprosium and terbium.

The project is under joint venture agreement with Japan’s Jogmec.

Edited by Creamer Media Reporter

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