# Namibia Critical Metals Launches Next Phase of Lofdal Definitive Feasibility Study Including Further Value Addition in Namibia

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/namibia-critical-metals-launches-next-phase-of-lofdal-definitive-feasibility-stu--a04316ec-672e-4b40-a597-ac0417b6374d

Original source: https://money.tmx.com/en/quote/NMI/news/6603156935678019/namibia-critical-metals-launches-next-phase-of-lofdal-definitive-feasibility-stu

Publisher: tmx

Original announcement: 2026-07-20T22:33:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Namibia Critical Metals Inc.

- Ticker: NMI

- Exchange: TSX

- Region: Namibia

- Primary commodity: Rare earth

- Secondary commodities: Dysprosium, Terbium, Yttrium

- Document categories: Metallurgy, Other

- Extracted: 2026-08-24 04:47:11 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Namibia Critical Metals has approved C$11 million in additional funding to advance the Lofdal Heavy Rare Earth Project's Definitive Feasibility Study. The program includes pilot-scale flotation and hydrometallurgical testing with SGS Canada to demonstrate the production of separated light and heavy rare earth carbonate products.

Reasoning: The company is advancing its Definitive Feasibility Study \(DFS\) by investing C$11M into a comprehensive metallurgical program aimed at producing high-value separated rare earth carbonates rather than just concentrates.

- Positive factor: Transition to DFS execution phase

- Positive factor: Expansion into high-value downstream products \(LREC/HREC\)

- Positive factor: Major metallurgical contracts awarded to SGS

- Positive factor: Strategic partnership with JOGMEC and Toyota Tsusho

- Negative factor: Significant capital expenditure required \(C$11M additional\)

Facts used in scoring: 2

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The program includes flotation and hydrometallurgical processing \(acid bake, leaching, solvent extraction\).

Evidence · text

> continuous pilot-scale flotation testing to validate the processing flowsheet

**Pilot Scale Complete**

Polarity: positive

Definition: Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The company is initiating pilot-scale flotation and continuous pilot plant testing.

Evidence · text

> Approximately 30 tonnes of representative ore will undergo continuous pilot-scale flotation testing

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Metallurgical Results (2)

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/namibia-critical-metals-launches-next-phase-of-lofdal-definitive-feasibility-stu--a04316ec-672e-4b40-a597-ac0417b6374d#fact-metallurgical-facts-0)

rare earth

#### Identity

- Commodity: rare earth
- Ticker: NMI

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Sample: Pilot-Scale Flotation Program - approximately 30 tonnes of representative ore

#### Recovery

- Recovery Basis: unspecified

#### Lab

- Laboratory: SGS Canada Inc.

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-20T00:00:00.000Z

Reasoning: Continuous pilot-scale flotation testing on 30 tonnes of ore is a significant step toward validating the flowsheet.

- Positive factor: Pilot-scale testing provides commercial-scale validation

Evidence · text

> Approximately 30 tonnes of representative ore will undergo continuous pilot-scale flotation testing

### pilot plant

[Link to this fact](https://atlas-staging.minestarters.com/news/namibia-critical-metals-launches-next-phase-of-lofdal-definitive-feasibility-stu--a04316ec-672e-4b40-a597-ac0417b6374d#fact-metallurgical-facts-1)

rare earth

#### Identity

- Commodity: rare earth
- Ticker: NMI

#### Test Work

- Program Status: detailed
- Test Type: pilot plant
- Processing Route: acid bake, leaching, impurity removal, solvent extraction and precipitation
- Sample: Integrated Hydrometallurgical Pilot Plant

#### Recovery

- Recovery Basis: unspecified

#### Lab

- Laboratory: SGS Canada Inc.

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-20T00:00:00.000Z

Reasoning: The continuous pilot plant aims to demonstrate the full hydrometallurgical flowsheet, including solvent extraction and precipitation.

- Positive factor: Demonstrates complete flowsheet from ore to separated products

Evidence · text

> A continuous pilot plant will demonstrate the complete hydrometallurgical flowsheet, including acid bake, leaching, impurity removal, solvent extraction and precipitation.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.