{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Namibia Critical Metals (TSXV:NMI) - Japanese Govt-Backed Heavy Rare Earth Play","html":"","width":"100%","height":180,"duration":1253,"description":"Interview with Darrin Campbell, President & CEO of Namibia Critical Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/namibia-critical-metals-tsxvnmi-jv-funded-rare-earth-project-pfs-due-oct-24-5707Recording date: 17th July 2025Namibia Critical Metals (TSXV:NMI) is positioning itself as a critical player in the global supply chain security landscape through development of the Lofdal heavy rare earth project in Namibia. The project represents one of the largest deposits of dysprosium and terbium outside China, targeting annual production of 150 tons of dysprosium and 30 tons of terbium from a compact 1,500-2,000 ton TREO operation.The company's strategic advantage lies in its focus on premium heavy rare earth elements rather than the more common light rare earths. While most projects target neodymium-praseodymium selling at $65 per kilogram, Lofdal's dysprosium commands $250 per kilogram and terbium exceeds $1,000 per kilogram. These elements are essential for high-temperature permanent magnet applications in defense systems, aerospace, and advanced electric vehicle motors.Namibia Critical Metals has secured a transformational partnership with JOGMEC, the Japanese government agency responsible for securing natural resources for Japanese industry. JOGMEC has invested $17 million to earn 40% of the project, with plans to reach 50% ownership through $20 million total investment. The partnership structure offers exceptional optionality for shareholders, including potential full project funding with a 26% carried working interest.Technical development has progressed substantially through 2025, with pilot-scale testing validating the hydrometallurgical flowsheet and XRT/XRF sorting technology demonstrating significant grade enhancement capabilities. The Pre-Feasibility Study remains on track for completion by year-end 2025, with capital expenditure targets under $300 million.The recent US Department of Defense investment in MP Materials, establishing...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}