Namibia Critical completes Japan Rofondolo earn-in, establishes joint venture

NCMI -2.41%

1. 1Namibia Critical Metals (NMI) announces completion of its Japan Rofondolo earn-in and establishment of joint venture TJNREC with JOGMEC and Toyota Tsusho
2. 2Earns a 50% participating interest in TJNREC through a C$23 million earn-in (subject to exchange and shareholder approvals), while JOGMEC commits up to C$47.668 million in investment
3. 3Subsequent funding is classified as interest-free pre-FID capital, enabling advancement of DFS completion and permitting without diluting the company's stake

Source TMX Newsfile +5 · View original ↗

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