Northwire Canada EditionTuesday, July 28, 2026
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BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.61 −3.3% GEN 0.070 +0.0% MAI 4.34 −3.1% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.530 −1.9% NRC 0.980 −2.0% SIG 0.925 +0.5% LMR 0.125 +66.7% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.61 −3.3% GEN 0.070 +0.0% MAI 4.34 −3.1% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.530 −1.9% NRC 0.980 −2.0% SIG 0.925 +0.5% LMR 0.125 +66.7%
Financings

Namibia Critical Metals Inc. Receives Proceeds of $1,154,762 from Exercise of Warrants

Warrant Exercise Bolsters Balance Sheet as Massive Capex Hurdle Looms for Lofdal Heavy Rare Earths

By The Northwire Desk — AI Analysis Dec 22, 2025 · 08:40 NMI · 0.21 Namibia Critical Metals Inc.
Executive Summary

On December 22, 2025, Namibia Critical Metals Inc. (NMI) announced it received $1,154,762 CAD from the exercise of warrants. This capital infusion resulted from the exercise of 6,428,580 warrants at $0.05 and 8,333,330 warrants at $0.10. These proceeds are designated for general working capital. The warrants were exercised just prior to their respective expiry dates (Nov 28 and Dec 22, 2025).

Material Impact
  • Liquidity Buffer: This is a material improvement to the company’s immediate cash position. As of August 31, 2025, the company held only $880,676 in cash. Adding $1.15M more than doubles their available cash, providing roughly 9-12 months of G&A runway based on historical burn rates.
  • Dilution: The exercise adds approximately 14.76 million shares to the float (a ~6.7% increase in total shares outstanding). While dilutive, the exercise at $0.05 and $0.10 is significantly above the 52-week low ($0.03) but well below the current market price ($0.21), representing a "cheap" entry for warrant holders that may create some selling pressure.
  • Funding Gap: While positive for G&A, this amount is negligible compared to the $347.9 million USD total capital cost required to build the Lofdal project as outlined in the December 3, 2025, Pre-Feasibility Study (PFS).
NMI · Price
Company Overview

Namibia Critical Metals focuses on the Lofdal Heavy Rare Earths Project in Namibia. - Flagship Project: Lofdal 2B-4. - Unique Selling Point: One of the only significant sources of Dysprosium (Dy) and Terbium (Tb) outside of China. These metals are critical for high-temperature permanent magnets used in EV motors. - PFS Highlights (Dec 2025): 13-year mine life, $275M USD after-tax NPV (5%), and 19% IRR in the Base Case. - Jurisdiction: Namibia is considered a stable, mining-friendly jurisdiction with a valid 25-year mining license held by NMI.

Read the original news release →

More from Namibia Critical Metals Inc.

Jul 20, 2026 · 18:34

Namibia Critical’s DFS Phase 2 approval de-risks processing, though significant capital requirements remain a looming challenge for the project.

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M&A / Property Mar 17, 2026 · 08:30

Toyota Tsusho joins JOGMEC at Lofdal, securing a direct Tier-1 Japanese industrial pipeline for heavy rare earths.

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