Namibia Critical Metals says Lofdal JV shareholder, regulatory consents may take another 30 days

• Namibia Critical Metals expects up to 30 more days to finalize Lofdal joint venture shareholder arrangements, including regulatory consents.
• Work continues with JOGMEC, Toyota Tsusho on implementing a new ownership structure, including issuing a 50% interest to TJNREC.
• JOGMEC, Toyota Tsusho have met the C$23 million spending threshold to earn a 50% interest in the Lofdal heavy rare earth project.
• JOGMEC funding terms total C$23 million for up to 50%, with an option to buy another 1% for C$5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Namibia Critical Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610130800NEWSFILECNPR____20261013_318648_1) on October 13, 2026, and is solely responsible for the information contained therein.