None
SEDAR Interim Financial Statements
NMI · Price
[
{
"companyName": "Namibia Critical Metals Inc.",
"reportingPeriodEnd": "2026-02-28",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": {
"current": 1767934,
"prior": 1120481
},
"taxesAndOtherReceivables": {
"current": 176987,
"prior": 90432
},
"depositsAndPrepaidExpenses": {
"current": 50772,
"prior": 64342
},
"totalCurrentAssets": {
"current": 1995693,
"prior": 1275255
},
"explorationAndEvaluationAssets": {
"current": 23910965,
"prior": 23910965
},
"totalAssets": {
"current": 25906658,
"prior": 25186220
},
"accountsPayableAndAccruedLiabilities": {
"current": 573805,
"prior": 266282
},
"advancesReceivedForFutureExplorationWork": {
"current": 189256,
"prior": 193316
},
"totalCurrentLiabilities": {
"current": 763061,
"prior": 459598
},
"equityAttributableToShareholders": {
"current": 25346887,
"prior": 24930959
},
"nonControllingInterest": {
"current": -203290,
"prior": -204337
},
"totalEquity": {
"current": 25143597,
"prior": 24726622
},
"cashPerShare": {
"current": 0.0076,
"prior": 0.0051
},
"workingCapitalPerShare": {
"current": 0.0053,
"prior": 0.0037
}
},
"incomeStatement": {
"salariesAndBenefits": {
"current": 24244,
"prior": 24243
},
"officeAndAdministration": {
"current": 16392,
"prior": 20868
},
"consultingFees": {
"current": 37500,
"prior": 37500
},
"professionalFees": {
"current": 32878,
"prior": 35912
},
"travel": {
"current": 34261,
"prior": 6866
},
"listingAndFilingFees": {
"current": 17186,
"prior": 11051
},
"shareholderCommunications": {
"current": 42096,
"prior": 11712
},
"foreignCurrencyExchangeGainLoss": {
"current": -4064,
"prior": -3615
},
"writeDownOfExplorationAndEvaluationAssets": {
"current": 0,
"prior": 3097
},
"totalOperatingExpenses": {
"current": 200493,
"prior": 147634
},
"interestIncome": {
"current": 9155,
"prior": 4170
},
"operatorFee": {
"current": 29980,
"prior": 55503
},
"totalOtherIncome": {
"current": 39135,
"prior": 59673
},
"netLoss": {
"current": -161358,
"prior": -87961
},
"netLossAttributableToShareholders": {
"current": -162405,
"prior": -87483
},
"netLossAttributableToNonControllingInterest": {
"current": 1047,
"prior": -478
},
"lossPerShareBasicAndDiluted": {
"current": 0,
"prior": 0
},
"weightedAverageSharesOutstandingBasicAndDiluted": {
"current": 231468909,
"prior": 217824875
}
},
"cashFlowStatement": {
"netLoss": {
"current": -161358,
"prior": -87961
},
"unrealizedForeignCurrencyExchangeGainLoss": {
"current": -4064,
"prior": -3615
},
"interestIncomeRecognized": {
"current": -9155,
"prior": -4170
},
"writeDownOfResourcePropertyExpenditures": {
"current": 0,
"prior": 3097
},
"increaseInAmountsReceivableDepositsAndPrepaidExpenses": {
"current": -66615,
"prior": -221423
},
"increaseDecreaseInAccountsPayableAndAccruedLiabilities": {
"current": 28055,
"prior": 54883
},
"advancesReceivedForFutureExplorationWorkNet": {
"current": 262204,
"prior": 361563
},
"netCashUsedInOperatingActivities": {
"current": 49067,
"prior": 102374
},
"interestIncomeReceived": {
"current": 9155,
"prior": 4170
},
"expendituresOnExplorationAndEvaluationAssetsNet": {
"current": 0,
"prior": -1994
},
"netCashUsedInInvestingActivities": {
"current": 9155,
"prior": 2176
},
"issuanceOfShareCapital": {
"current": 578333,
"prior": 0
},
"effectOfExchangeRateChangesOnCash": {
"current": 10898,
"prior": 5577
},
"netChangeInCash": {
"current": 647453,
"prior": 110127
},
"cashBeginningOfPeriod": {
"current": 1120481,
"prior": 1252327
},
"cashEndOfPeriod": {
"current": 1767934,
"prior": 1362454
}
},
"investmentsAndOtherAssets": [
{
"type": "Mineral/Resource Properties",
"description": "Lofdal Rare Earths property - Mining License ML200, located in Namibia. Subject to 2% NSR royalty. Joint venture with JOGMEC (earn-in agreement).",
"ownershipPercentage": null,
"value": 23910965,
"notes": "The company holds exploration and evaluation assets of $23,910,965 as at Feb 28, 2026. The property is subject to a joint venture agreement with JOGMEC which has earned a 40% interest."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value",
"issuedShares": 232586779,
"classesOfShares": ["Common Shares"],
"warrants": [],
"options": [
{
"number": 1750000,
"exercisePrice": 0.26,
"expiryDate": "2026-04-05"
},
{
"number": 3750000,
"exercisePrice": 0.14,
"expiryDate": "2027-10-03"
},
{
"number": 4300000,
"exercisePrice": 0.07,
"expiryDate": "2028-10-04"
},
{
"number": 4350000,
"exercisePrice": 0.105,
"expiryDate": "2030-07-27"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": [
{
"period": "three months ended February 28, 2026",
"components": {
"salaries": 0,
"bonus": 0,
"shareBasedPayments": 0,
"consultingFees": 37500,
"total": 37500
}
},
{
"period": "three months ended February 28, 2025",
"components": {
"salaries": 0,
"bonus": 0,
"shareBasedPayments": 0,
"consultingFees": 37500,
"total": 37500
}
}
],
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "JOGMEC",
"description": "Consulting fees charged to Lofdal project",
"amount": {
"current": 94082,
"prior": 89982
},
"period": "three months ended February 28, 2026 and 2025"
},
{
"counterparty": "Key management personnel",
"description": "Accounts payable and accrued liabilities",
"amount": {
"current": 33284,
"prior": 26875
},
"period": "as at February 28, 2026 and November 30, 2025"
},
{
"counterparty": "Officers of the Company",
"description": "Prepaid retainer on service contracts",
"amount": {
"current": 11000,
"prior": 11000
},
"period": "as at February 28, 2026 and November 30, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Subsequent to quarter-end, the Company issued 1,000,000 common shares for $260,000 cash pursuant to the exercise of stock options, and 750,000 stock options expired unexercised.",
"impactValue": 260000
}
]
}
]
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